Applied Optoelectronics/$AAOI
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Applied Optoelectronics
Applied Optoelectronics Inc is a provider of fiber-optic networking products, for four networking end-markets; internet data center, CATV, telecom, and FTTH. The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies, and modules to meet turn-key equipment. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance. The Company has manufacturing and research and development facilities located in the U.S., Taiwan, and China.
- Ticker
- $AAOI
- Sector
- Communication
- Primary listing
- NASDAQ
- Employees
- 4,691
- Headquarters
- Sugar Land, United States
- Website
- www.ao-inc.com
AAOI Metrics
BasicAdvanced
$9.8B
-
-$0.79
3.79
-
Price and volume
Market cap
$9.8B
Beta
3.79
52-week high
$233.67
52-week low
$18.50
Average daily volume
7.2M
Financial strength
Current ratio
2.777
Quick ratio
1.899
Long term debt to equity
0.123
Total debt to equity
0.18
Interest coverage (TTM)
-19.07%
Profitability
EBITDA (TTM)
-32.106
Gross margin (TTM)
28.92%
Net profit margin (TTM)
-9.57%
Operating margin (TTM)
-11.31%
Effective tax rate (TTM)
9.72%
Revenue per employee (TTM)
$130,000
Management effectiveness
Return on assets (TTM)
-2.72%
Return on equity (TTM)
-5.45%
Valuation
Price to revenue (TTM)
14.132
Price to book
5.85
Price to tangible book (TTM)
5.88
Price to free cash flow (TTM)
-9.348
Free cash flow yield (TTM)
-10.70%
Free cash flow per share (TTM)
-12.365
Growth
Revenue change (TTM)
61.85%
Earnings per share change (TTM)
-75.31%
3-year revenue growth (CAGR)
40.93%
10-year revenue growth (CAGR)
10.70%
3-year earnings per share growth (CAGR)
-31.13%
10-year earnings per share growth (CAGR)
11.24%
What the Analysts think about AAOI
Analyst ratings (Buy, Hold, Sell) for Applied Optoelectronics stock.
Analyst projections of the future price of Applied Optoelectronics stock.
Bulls say / Bears say
Q2 revenue reached a fifth consecutive record, up 86% year on year, while data-centre revenue rose 140.4% to $107.7 million. 800G volumes more than doubled sequentially and AOI guided for Q3 revenue of $255 million to $290 million, showing strong AI-networking momentum. (Applied Optoelectronics, Applied Optoelectronics)
Hyperscale customers have placed substantial orders for next-generation products, including $124 million of 800G orders from one customer since mid-March and a further $71 million order in April. AOI is adding nearly 400,000 square feet of Texas manufacturing space to convert this demand into higher production. (Applied Optoelectronics, Applied Optoelectronics)
The business has reached an early profitability inflection: Q2 non-GAAP net income was $5.5 million, compared with a loss a year earlier, and management expects further non-GAAP profit in Q3. Record CATV sales alongside data-centre growth also gives AOI a second source of demand. (Applied Optoelectronics, Applied Optoelectronics)
Customer concentration is unusually high: Q2’s top ten customers represented 99% of revenue, with three customers contributing roughly 92%. A delayed qualification, weaker deployment or pricing pressure from one large account could therefore move results sharply. (Biggo, SEC filing)
The reported profit improvement is not yet matched by GAAP earnings: Q2 produced a $22.8 million GAAP net loss and a 27.7% GAAP gross margin. The first-half filing also shows heavy investment in factories and equipment, increasing the cash and funding burden of the expansion. (SEC filing, StockTitan)
The forecast depends on a demanding production ramp and reliable component supply: AOI expects 100G revenue to decline in Q3 because of customer switch shortages, while 800G growth and first 1.6T shipments require further qualification and capacity. Its filing also warns that tariffs, supply-chain disruption and shipment delays could reduce sales or margins. (Biggo, SEC filing)
Data summarised monthly by Lightyear AI. Last updated on 27 Sept 2026.
AAOI Financial Performance
Revenues and expenses
AAOI Earnings Performance
Company profitability
Upcoming events
No upcoming events
AAOI News
AllArticlesVideos
Funds containing AAOI
AllEURGBPUSD
Fund name | Fund size | $AAOI weighting |
|---|---|---|
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.13% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.13% |
iShares MSCI World Small Cap$WSML | $9B | 0.09% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.09% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.09% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.