Overview
- Shares hit an intraday all-time high of $127.39 on Tuesday and closed up 8.92% at $120.49.
- The company disclosed a roughly $200 million order for 1.6T data center transceivers, with shipments starting in Q3 and finishing by year-end.
- Manufacturing expansion is underway in Taiwan alongside a new production site in Sugar Land, Texas to scale output.
- AAOI targets capacity of more than 500,000 combined 800G and 1.6T transceivers per month by year-end, according to CEO Thompson Lin.
- Rosenblatt raised its price target to $140 and reaffirmed a buy rating, following recent results that included Q4 revenue of $134.3 million and Q1 guidance of $150–$165 million.