Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 109

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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,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   0.3%  1,865   1.3%
 Total Revenue  $321,441   100.0% $149,094   100.0%

       10

       Table of Contents

   Unearned Revenue
   ​
   We record unearned revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. Unearned revenues solely relate to statement of work with Microsoft regarding contract prices allocated to the performance obligations that are unsatisfied, or partially unsatisfied, as of the balance sheet dates. Unearned revenue balance as of  September 30, 2025 and  December 31, 2024 were both zero. For the three months ended  September 30, 2025 and 2024, revenue recognized from the unearned revenue balance was $0 and $0.1 million, respectively. For the nine months ended  September 30, 2025 and 2024, revenue recognized from the unearned revenue balance was $0 and $0.4 million, respectively. The unearned revenue was as follows for the periods indicated (in thousands):

   Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Unearned revenue, beginning of period  $—  $1,570  $—  $1,803 
 Additional unearned revenue   —   —