Applied Optoelectronics, Inc. AAOI R2KR3KAITECH
Company Overview
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.
Why Investors Should Care
Net profit has compounded at 14.1% per year over the last five years.
Revenue has grown at a 26.9% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.18.
Recent Developments
- Dec 2025 Revenue of $455.71M (+82.8% YoY); net profit $-38.23M.
- Trailing 12 Months Year-on-year growth — revenue +86.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 26.9%, profit CAGR 14.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 26.93% |
| 1 Year: | 86.40% |
Compounded Profit Growth
| 5 Years: | 14.14% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +195.70% |
| 6 Months: | -50.58% |
| 3 Months: | -32.03% |
| 1 Month: | -32.64% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Applied Optoelectronics designs and makes fiber-optic transceivers and modules that carry the surging data traffic inside AI data centres and broadband networks.
Optical modules, lasers and transceivers for hyperscale data centres, cable TV and telecom networks.
- Data-centre optical modules AAOI supplies high-speed optical transceivers to internet data-centre operators building AI/cloud infrastructure.
- Laser vertical integration In-house laser design and manufacturing differentiate its optics on cost and supply.
- 400G/800G roadmap Higher-speed modules target the bandwidth AI clusters require.
- Direct beneficiary of AI-data-centre optical-interconnect demand (~51% revenue growth).
- Vertically integrated laser capability is a differentiator.
- Still loss-making (negative margins) with lumpy, customer-concentrated orders.
- Hyperscaler order timing and competition are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 26.9% over 5 years.
- Profit CAGR of 14.1% over 5 years.
CONS
- Trading 69.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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. R2KR3KAITECH | 68.07 | -90.76 | $5.78B | 0.00% | -4.74% | -5.45% | 26.93% | 14.14% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 212.21 | 26.79 | $5.12T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 348.22 | 39.93 | $5.08T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 521.08 | 29.00 | $3.87T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 412.35 | 30.73 | $2.14T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 323.24 | 41.28 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 856.49 | 19.34 | $967.31B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 507.93 | 129.57 | $829.18B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,560.54 | 50.65 | $599.40B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | 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 | Jun 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 | 191.92M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 69.31M | 71.79M | 85.37M | 92.33M | 107.23M | - |
| Gross Profit | 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 | 53.21M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.30M | 45.82M | 48.23M | 53.30M | 56.79M | - |
| Operating Income | 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 | -24.73M |
| 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 | 2.68M | -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 | -22.78M |
| Diluted EPS | 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 | -0.28 |
| R&D Expense | 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 | 34.87M |
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 | 47.84M | 63.42M | 78.42M | 130.45M | 189.90M | 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 |
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 | - | - | - | 26.11M | 28.65M | 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 % | 28.0% | 29.8% | 29.4% | 33.9% | 31.8% | 33.4% | 43.5% | 32.8% | 24.2% | 21.5% | - | 15.1% | 27.1% | 24.8% | 30.0% |
| Operating Margin % | -7.8% | 0.3% | -0.4% | 3.9% | 7.1% | 8.8% | 22.7% | -4.0% | -25.5% | -20.8% | - | -26.4% | -18.6% | -28.3% | -10.9% |
| Net Margin % | -11.1% | -1.5% | -1.8% | 3.3% | 5.7% | 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.63% | 6.45M | $707.21M |
| 2 | Invesco Ltd. | 4.04% | 3.41M | $374.34M |
| 3 | Vanguard Capital Management LLC | 3.98% | 3.36M | $368.72M |
| 4 | Marex Group Ltd. | 3.35% | 2.83M | $310.31M |
| 5 | Vanguard Portfolio Management LLC | 3.14% | 2.65M | $290.73M |
| 6 | UBS Group AG | 2.50% | 2.11M | $231.50M |
| 7 | Oberweis Asset Management Inc. | 2.12% | 1.79M | $196.38M |
| 8 | Geode Capital Management, LLC | 1.98% | 1.67M | $183.20M |
| 9 | Value Aligned Research Advisors, LLC | 1.89% | 1.60M | $174.89M |
| 10 | Goldman Sachs Group Inc | 1.88% | 1.59M | $173.94M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AAOI
Optics Stocks Tumble as Tech Selloff Deepens Ahead of Earnings: Coherent Tumbles 12%, Applied Optoelectronics Drops 10%, Lumentum Falls 9%
The AI optics trade powered some of the market's biggest gains this year, but a chipmaker-led selloff is now hitting Coherent, Lumentum, and Applied Optoelectronics all at once, right before each company steps up to report earnings.…
Applied Optoelectronics Cratered 50% Over 6 Months: It’s Going to Triple According to 2 Wall Street Pros
Applied Optoelectronics collapsed while its revenue set records, and two analysts still see it nearly tripling from here. The gap between that optimism and the stock's brutal reality comes down to one upcoming shipment window.…
54% Undervalued? Applied Optoelectronics (AAOI) Following Its $600 Million Equity Raise
Applied Optoelectronics (AAOI) recently took two significant steps that matter for shareholders. The firm raised about US$600 million through a follow on equity offering and also moved to block tokenized versions of its stock. Recent tradin…
Optics Stocks Rally Ahead of Earnings: Applied Optoelectronics Jumps 5%, Lumentum Adds 4%, Coherent Rises 2%
Optics stocks are surging ahead of a cluster of November earnings reports, and one CEO's claim that his company cannot meet most customer demand for years has traders wondering whether the AI optical bottleneck is bigger than the market has…
Applied Optoelectronics Is Down 60%. Is the Selloff a Buying Opportunity?
Applied Optoelectronics Inc. (NASDAQ:AAOI) has had a rough few days. Shares fell about 14% on October 8, about 7% on October 12, and another 9% to 12% on October 14, to the high $80s. The selloff hit the whole optical group, starting with p…
Objections to ICE and OKX’s Tokenized Stock Venue Climb to Nine as Broadcom, Verizon Opt Out
The ICE and OKX joint venture’s Oct. 15 notice to the public shows the roster of companies refusing tokenized trading on its pools is rising quickly.
AAOI — Frequently Asked Questions
What is the current share price of Applied Optoelectronics, Inc. (AAOI)?
As of 2026-10-22 16:30 PDT, Applied Optoelectronics, Inc. (AAOI) trades at $68.07 on NasdaqGM. Its 52-week range is $19.49 to $223.10.
What is the market capitalisation of AAOI?
Applied Optoelectronics, Inc. (AAOI) has a market capitalisation of $5.78B on NasdaqGM.
What is the P/E ratio of AAOI?
AAOI trades at a trailing price-to-earnings (P/E) ratio of -90.76. The industry average P/E is 30.05. Its price-to-book (P/B) ratio is 5.55.
What is the return on equity (ROE) of AAOI?
AAOI has a return on equity (ROE) of -5.45%. Its return on capital employed (ROCE) is -4.74%.
Is AAOI a good stock to buy?
This page provides a data-driven analysis of Applied Optoelectronics, Inc. (AAOI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.