International Perspective · August 08, 2026
① Arista Q2 Revenue Tops $3B for First Time (+38% YoY), Raises Full-Year Guide to $12.6B on AI Ethernet Demand — Arista Networks reported Q2 FY2026 revenue of $3.04B (+37.7% YoY), the first quarter above $3B, with non-GAAP EPS of $1.02 and gross margin of 63.4%. Management raised full-year 2026 revenue guidance to ~$12.6B and stated demand is not the constraint -- the supply chain is the sole bottleneck, with tightness potentially extending into 2028. Shares rose ~12% after hours. (Arista Investor Relations / Eastmoney)
② Applied Optoelectronics Q2 Revenue +86% YoY, Returns to Profit; Optical Module Rally Spreads to Coherent, Lumentum [详见中文版] — Applied Optoelectronics reported Q2 2026 revenue of $191.9M (+86.4% YoY, a 5th consecutive quarterly record) with data-center revenue of $107.7M (+140% YoY) and a return to non-GAAP profitability ($5.5M net income); Q3 guidance is $255-290M. The company plans to expand 800G/1.6T module capacity to 650k units/month by year-end and 930k by end-2027. On Aug 7 pre-market AAOI rose as much as +18%, with Coherent +14%, Lumentum +6% and Corning +5%. (AAOI Investor Relations / CLS)
③ Musk Says Memory Chip Demand 'Far Exceeds' Supply; A-Share Storage Stocks Rally on AI Bottleneck Thesis [详见中文版] — On SpaceX's Q2 2026 call, Elon Musk remarked that memory-chip demand growth 'far exceeds' supply -- calling memory the biggest AI bottleneck -- noting Tesla and SpaceX are both major memory buyers. On Aug 7, A-share storage names rallied: GigaDevice (兆易创新) closed +8% (briefly near limit-up), Naike Equipment (耐科装备) hit 20cm limit-up, with Booting Electronics, Shengyi, Youyan, Hongban and others limit-up, and Defu Tech, South Asia Tech, NationsTech up >10%. (21st Century Business Herald / CLS)