Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 13

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 the Company’s financial statements.
    
   In  September 2025, the FASB issued ASU No. 2025-06—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which removed the language around project stages that was used to assess when costs could be capitalized for an internal-use software. The update also requires internal-use software to be disclosed under the ASC 360 Property, Plant, and Equipment guidance. The guidance is effective for annual periods beginning after  December 15, 2027. The Company is currently assessing the impact of this ASU on the Company’s accounting policies and the financial statements.

   Note 3.  Revenue Recognition
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   Disaggregation of Revenue
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   Revenue is classified based on the location where the product is manufactured. For additional information on the disaggregated revenues by geographical region, see Note 17, "Segment and Geographic Information."
    
   Revenue is also classified by major product categories and is presented below (in thousands):
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       Three months ended September 30,  
       % of        % of  
   2025    Revenue    2024    Revenue  
 CATV  $70,602   59.5% $20,947   32.2%
 Data Center   43,935   37.0%  40,945   62.8%
 Telecom   3,742   3.2%  2,798   4.3%
 Other   351   0.3%  461   0.7%
 Total Revenue  $118,630   100.0% $65,151   100.0%

       Nine months ended September 30,  
       % of        % of  
   2025    Revenue    2024    Revenue  
 CATV  $191,123   59.5% $35,501   23.8%
 Data Center   120,775   37.5%  104,283   69.9%
 Telecom   8,618   2.7%  7,445   5.0%
 Other   925