An optical transceiver and a network device are provided. The optical transceiver includes a common end module and two data submodules. The common end module includes a multi-carrier light source, a wavelength division multiplexer, a wavelength division demultiplexer, an external optical interface, and two first beam splitters. Each data submodule includes a second beam splitter, an optical/electrical signal modulator, and an optical receiver. According to the optical transceiver and the network device, a high-capacity optical transceiver with a single optical interface can be implemented, so that optical interface management complexity is reduced, and a fiber resource is reduced.