The Zhitong Finance App learned that on Friday, optical communication concept stocks generally rose, Applied Optoelectronics (AAOI.US) rose more than 12%, Coherent (COHR.US) rose more than 10%, Lumentum (LITE.US) rose more than 6%, POET Technologies (POET.US) rose more than 5%, Corning (GLW.US) rose more than 4%, and MRVL.US (MRVL.US) rose 4%.

According to the news, on August 6, Applied Optoelectronics announced financial results for the second fiscal quarter. Revenue was US$191.9 million, up 86.4% year on year. Data center business revenue exceeded 100 million US dollars for the first time, up 140% year on year, and non-GAAP net profit achieved profit. The company simultaneously provided guidance for the third quarter in the range of 255 million to 290 million US dollars, and maintained a revenue target of about 1.1 billion US dollars for the whole year.

The company's management said during the earnings call that demand for AI infrastructure is strong, customer demand is about 20% to 40% higher than the company's current supply capacity, 800G product revenue has more than doubled month-on-month, and is expected to increase nearly fivefold in the third quarter. The company disclosed that 1.6T products are about to complete customer certification and begin shipping. It has already held orders of more than 200 million US dollars, and most of them will be delivered in the fourth quarter.

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