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Applied Optoelectronics Inc. (NASDAQ:AAOI) is one of the 10 High-Flying Stocks With Double-Digit Returns.

Applied Optoelectronics snapped a three-day losing streak on Friday, surging 17.74 percent to close at $162.17 apiece, as investors repositioned their portfolios ahead of the results of its first-quarter earnings performance.

In a notice to investors, Applied Optoelectronics Inc. (NASDAQ:AAOI) said that it is scheduled to release the results of its earnings performance for the first quarter of the year after market close on May 7, 2026. It will hold a conference to discuss the results and its outlook for the second quarter.

Photo from Applied Optoelectronics website

For the first quarter, Applied Optoelectronics Inc. (NASDAQ:AAOI) is targeting to report revenues in the range of $150 million to $165 million, or an implied growth of 50 percent to 65 percent from the $99.9 million in the same period last year.

However, it expects to incur a net loss of $300,000 to up to $7 million, versus a $900,000 net loss in the same period a year earlier.

In other news, Applied Optoelectronics Inc. (NASDAQ:AAOI) last week announced plans to expand its manufacturing site by 388,000 square feet with the addition of two buildings in Pearland, Texas.

The said developments are on top of the 210,000-sqft facility currently under development near its 135,000-sqft Sugar Land headquarters, as well as the recently leased 154,000-sqft building at Blue Ridge Commerce Center.

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