Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 68

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 68
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     109.0
     %

      Nine months ended September 30, 

      2025 

      2024 

      Change 

      % of 

      % of 

      Amount 

      Revenue 

      Amount 

      Revenue 

      Amount 

     %

      (in thousands, except percentages) 

      Cost of goods sold 
      
     $
     226,472

     70.5
     %
      
     $
     116,023

     77.8
     %
      
     $
     110,449

     95.2
     %

      Gross margin 

     94,969

     29.5
     %

     33,071

     22.2
     %

     61,898

     187.2
     %

       23

Cost of goods sold increased by $36.1 million, or 73.4%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. Cost of goods sold increased by $110.4 million, or 95.2%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase in cost of goods sold was mainly due to increased revenue.

Gross profit increased by $17.3 million, or 109.0%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. Gross profit increased by $61.9 million, or 187.2%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase is primarily due to higher sales on our high gross margin products and ongoing efforts to reduce production costs. 

Operating expenses

      Three months ended September 30, 

      2025 

      2024 

      Change 

      % of 

      % of 

      Amount 

      revenue 

      Amount 

      revenue 

      Amount 

      % 

      (in thousands, except percentages) 

      Research and development 
      
     $
     21,265

     17.9
     %
      
     $
     13,428

     20.6
     %
      
     $