Applied Optoelectronics, Inc. AAOI R2KAI
Technology · Communication Equipment · United States
Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China. The company offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers. It sells its products to internet data center operators, cable television, telecom equipment manufacturers, fiber-to-the-home, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.
READ MORE ›$158.41
+927.30% 1Y
Market & Price
Market Cap
$12.71B
Current Price
$158.41
High / Low (52W)
$223.10 / $15.42
Beta
3.76
Valuation
Stock P/E
-
Industry PE
32.74
Forward P/E
33.20
PEG Ratio
0.78
Book Value
$14.01
Price to Book
11.31
P/S
25.07
EV/EBITDA
-457.17
Dividend Yield
-
Profitability & Returns
ROCE
-4.74%
ROE
-6.13%
ROA
-3.32%
Profit Margin
-8.55%
Op Margin
-8.60%
EPS (Latest Qtr)
$-0.19
EPS (TTM)
$-0.65
Balance Sheet & Liquidity
Debt/Equity
0.25
Quick Ratio
2.85
Current Ratio
3.83
Debt
$280.42M
Total Assets
$1.17B
Current Assets
$675.73M
Working Capital
$418.44M
Ownership
Promoter Holding
10.80%
Chg in Prom Hold
-0.07%
FII / Inst Holding
68.35%
Chg in FII Hold
0.02%
Financial Snapshot
Enterprise Value
$12.55B
Total Revenue (TTM)
$507.00M
EBITDA
$-27.46M
Free Cash Flow
$-445.58M
Operating Cash Flow
$-208.87M
Shares Outstanding
80.24M
Gross Margin
29.64%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
26.93%
Profit 5Y
14.14%
Revenue (YoY)
51.40%
Earnings (YoY)
-
PROS
- Compounding revenue at 26.9% over 5 years.
- Profit CAGR of 14.1% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 29.0% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AAOI Applied Optoelectronics, Inc. R2KAI | 158.41 | - | $12.71B | - | -4.74% | -6.13% | 26.93% | 14.14% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
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Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 96.22M | 117.37M | 88.88M | 79.86M | 65.24M | 87.82M | 56.39M | 58.02M | 52.72M | 43.41M | 46.08M | 48.66M | 40.47M | 65.22M | 76.61M | 52.33M | 49.70M | 54.19M | 53.27M | 52.24M | 52.30M | 56.69M | 53.03M | 41.62M | 62.55M | 40.67M | 43.27M | - | - | 99.86M | 102.95M | 118.63M | 134.27M | 151.14M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 69.31M | 71.79M | 85.37M | 92.33M | 107.23M |
| Gross Profit | 18.05M | 15.62M | 14.25M | 17.30M | 23.16M | 32.24M | 41.47M | 53.28M | 39.37M | 32.15M | 25.84M | 33.86M | 17.54M | 10.54M | 12.35M | 10.54M | 11.98M | 11.34M | 6.34M | 13.74M | 19.19M | 11.28M | 10.72M | 10.78M | 8.12M | 9.03M | 8.63M | 9.75M | 9.24M | 7.90M | 20.17M | 7.59M | 9.56M | - | - | 30.54M | 31.16M | 33.26M | 41.94M | 43.92M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.30M | 45.82M | 48.23M | 53.30M | 56.79M |
| Operating Income | 6.12M | 2.75M | -1.56M | 1.97M | 6.76M | 15.84M | 24.32M | 34.27M | 18.05M | 10.32M | 2.17M | 8.94M | -9.60M | -12.28M | -11.87M | -13.83M | -11.00M | -12.05M | -17.79M | -11.11M | -6.78M | -13.16M | -14.04M | -13.65M | -15.45M | -14.24M | -12.90M | -13.50M | -14.17M | -15.96M | -6.69M | -21.65M | -26.24M | - | - | -8.76M | -14.66M | -14.97M | -11.35M | -12.88M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.51M | -1.88M | -9.67M | -1.45M | -3.14M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 934.00K | 818.00K | 902.00K | 844.00K | 863.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9.17M | -9.10M | -17.94M | -10.50M | -13.23M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -8.48M | 1.05M |
| Net Income | 2.70M | 2.68M | -1.33M | 603.00K | 17.74M | 14.22M | 19.79M | 29.07M | 19.38M | 5.72M | 2.12M | 8.03M | -3.73M | -8.57M | -10.47M | -11.37M | -8.78M | -35.43M | -16.80M | -18.60M | -9.62M | -13.44M | -15.62M | -8.20M | -15.80M | -16.06M | -14.46M | -15.63M | -16.29M | -16.94M | -8.95M | -23.17M | -26.11M | - | - | -9.17M | -9.10M | -17.94M | -2.02M | -14.28M |
| Diluted EPS | 0.16 | 0.15 | -0.08 | 0.03 | 0.97 | 0.77 | 1.00 | 1.43 | 0.95 | 0.28 | 0.11 | 0.40 | -0.19 | -0.43 | -0.53 | -0.57 | -0.44 | -1.76 | -0.83 | -0.89 | -0.42 | -0.57 | -0.59 | -0.31 | -0.58 | -0.58 | -0.52 | -0.56 | -0.56 | -0.57 | -0.27 | -0.60 | -0.66 | - | - | -0.18 | -0.16 | -0.28 | -0.03 | -0.19 |
| R&D Expense | 5.39M | 5.96M | 8.40M | 7.81M | 8.36M | 7.21M | 7.43M | 8.07M | 9.19M | 10.67M | 11.74M | 12.64M | 14.18M | 11.34M | 11.19M | 11.15M | 10.47M | 10.60M | 10.56M | 10.80M | 11.21M | 10.83M | 10.93M | 10.91M | 10.15M | 9.49M | 8.33M | 9.21M | 8.54M | 8.64M | 9.46M | 11.71M | 13.08M | 13.43M | - | 17.81M | 20.61M | 21.27M | - | 25.66M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 260.71M | 382.33M | 267.46M | 190.87M | 234.62M | - | 222.82M | 217.65M | 249.37M | 455.71M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | 189.19M | 158.72M | 187.56M | 318.80M |
| Gross Profit | 13.37M | 18.93M | 23.03M | 44.25M | 60.45M | 86.95M | 166.28M | 87.77M | 46.20M | 50.54M | - | 33.63M | 58.92M | 61.80M | 136.91M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 92.47M | 99.33M | 132.31M | 186.65M |
| Operating Income | -3.73M | 179.00K | -307.00K | 5.14M | 13.45M | 23.02M | 86.95M | -10.77M | -48.75M | -48.84M | - | -58.84M | -40.41M | -70.51M | -49.74M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | -36.88M | -26.18M | -159.26M | -15.51M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 6.32M | 9.43M | 6.83M | 3.50M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | -66.40M | -56.04M | -186.73M | -46.70M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | 1.00K | 9.00K | 2.00K | -8.48M |
| Net Income | -5.33M | -945.00K | -1.41M | 4.28M | 10.79M | 31.23M | 73.95M | -2.15M | -66.05M | -58.45M | - | -66.40M | -56.05M | -186.73M | -38.23M |
| Diluted EPS | - | -3.56 | -0.14 | 0.28 | 0.65 | 1.76 | 3.67 | -0.11 | -3.31 | -2.67 | - | -2.38 | -1.75 | -4.50 | -0.64 |
| R&D Expense | 6.45M | 7.60M | 8.51M | 15.97M | 20.85M | 31.78M | 35.37M | 49.90M | 43.40M | 43.39M | 41.22M | 36.24M | 35.98M | 54.95M | 85.51M |
Compounded Sales Growth
| 5 Years: | 26.93% |
| 1 Year: | 51.40% |
Compounded Profit Growth
| 5 Years: | 14.14% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +927.30% |
| 6 Months: | +596.92% |
| 3 Months: | +88.07% |
| 1 Month: | +3.65% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 65.75M | 111.06M | 183.67M | 273.48M | 322.32M | 452.95M | 466.84M | 466.82M | 480.81M | - | 408.26M | 389.19M | 547.03M | 1.17B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | 183.16M | 172.60M | 301.27M | 675.73M |
| Cash & Equivalents | 4.49M | 1.77M | 10.72M | 22.01M | 32.17M | 28.07M | 50.22M | 82.94M | 55.65M | 59.98M | 43.42M | - | 24.68M | 45.37M | 67.43M | 206.14M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | 79.68M | 63.87M | 88.14M | 183.10M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | 61.17M | 48.07M | 116.80M | 244.40M |
| Total Liabilities | - | - | 34.74M | 47.98M | 68.66M | 108.08M | 94.93M | 119.67M | 137.75M | 193.03M | 202.91M | - | 223.59M | 174.32M | 317.92M | 434.50M |
| Current Liabilities | - | - | 25.58M | 39.06M | 48.60M | 74.08M | 59.97M | 70.71M | 77.42M | 91.36M | 103.15M | - | 138.58M | 93.36M | 170.07M | 257.28M |
| Long Term Debt | - | - | - | - | - | 34.00M | 34.96M | 48.96M | 60.33M | 16.55M | 13.90M | - | 79.51M | 76.23M | 138.81M | 129.83M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | 155.53M | 121.07M | 190.86M | 248.08M |
| Total Equity | 21.04M | 20.68M | 31.01M | 63.08M | 115.01M | 165.40M | 227.38M | 333.28M | 329.09M | 273.79M | 277.89M | - | 184.67M | 214.87M | 229.11M | 733.92M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 28.62M | 38.15M | 49.39M | 75.00M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | -15.21M | 57.10M | 84.28M | 14.03M | -1.75M | -44.01M | - | -14.02M | -7.93M | -69.53M | -174.43M |
| Investing Cash Flow | - | - | -61.62M | -41.53M | -70.16M | -76.51M | -32.12M | -19.35M | - | -3.83M | -14.76M | -50.70M | -210.60M |
| Financing Cash Flow | - | - | 77.53M | 1.66M | 18.24M | 34.80M | 42.60M | 47.44M | - | 10.75M | 40.58M | 142.18M | 527.94M |
| Capital Expenditure | -9.60M | -41.13M | -57.08M | -49.44M | -66.97M | -71.85M | -28.79M | -15.79M | - | -3.71M | -9.67M | -43.91M | -179.53M |
| Free Cash Flow | - | - | -72.29M | 7.66M | 17.32M | -57.83M | -30.54M | -59.80M | - | -17.73M | -17.60M | -113.44M | -353.95M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | -7.10M | 17.89M | 21.96M | 142.91M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | 33.4% | 43.5% | 32.8% | 24.2% | 21.5% | - | 15.1% | 27.1% | 24.8% | 30.0% |
| Operating Margin % | - | - | - | - | - | 8.8% | 22.7% | -4.0% | -25.5% | -20.8% | - | -26.4% | -18.6% | -28.3% | -10.9% |
| Net Margin % | - | - | - | - | - | 12.0% | 19.3% | -0.8% | -34.6% | -24.9% | - | -29.8% | -25.8% | -74.9% | -8.4% |
| ROE % | -25.8% | -3.0% | -2.2% | 3.7% | 6.5% | 13.7% | 22.2% | -0.7% | -24.1% | -21.0% | - | -36.0% | -26.1% | -81.5% | -5.2% |
| ROCE % | - | 0.4% | -0.4% | 3.8% | 6.7% | 8.8% | 22.7% | -2.8% | -13.0% | -12.9% | - | -21.8% | -13.7% | -18.7% | -5.5% |
Shareholding Pattern
Insiders
10.80%
Institutions
68.35%
Public Float
76.62%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.96% | 7.19M | $1.14B |
| 2 | Vanguard Capital Management LLC | 3.82% | 3.06M | $484.98M |
| 3 | Oberweis Asset Management Inc. | 2.93% | 2.35M | $372.26M |
| 4 | Jane Street Group, LLC | 2.84% | 2.28M | $361.07M |
| 5 | Shaw D.E. & Co., Inc. | 2.64% | 2.12M | $335.38M |
| 6 | Invesco Ltd. | 2.51% | 2.01M | $319.10M |
| 7 | Vanguard Portfolio Management LLC | 2.25% | 1.80M | $285.44M |
| 8 | Price (T.Rowe) Associates Inc | 2.16% | 1.73M | $274.43M |
| 9 | State Street Corporation | 2.05% | 1.64M | $260.47M |
| 10 | Geode Capital Management, LLC | 2.02% | 1.62M | $256.83M |
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