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Applied Optoelectronics records $269.9 million in Q3 revenue, achieving sixth consecutive record quarter

The Motley Fool +1 · ·by G4L

AAOI
AAOI Applied Optoelectronics Inc
$52.10 +3.93%
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  1. 1Applied Optoelectronics recorded total Q3 revenue of $269.9 million, marking its sixth consecutive record revenue quarter.
  2. 2Applied Optoelectronics recorded a 127.5% year-over-year revenue growth rate in its Q3 total revenue.
  3. 3Applied Optoelectronics signed a multi-year long-term contract for 1.6 terabit transceivers with a hyperscale data center customer in October.

So what's the key point?

Applied Optoelectronics achieved its highest performance for six consecutive quarters with $269.9 million in Q3 revenue. Revenue increased by 127.5% compared to last year following a long-term contract with a large data center customer.

Source The Motley Fool +1 · View original ↗

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