Applied Optoelectronics, Inc.

Applied Optoelectronics, Inc.

AAOI
Applied Optoelectronics, Inc.US flagNASDAQ Global Market
169.05
USD
-3.73
- -
13.57BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.87
9.12
12.15
15.16
20.02
13.61
9.55
10.73
7.86
8
6.81
6
7.57
7.61
Basic EPS, GAAP
-0.14
0.3
0.69
1.82
3.87
-0.11
-3.31
-2.67
-2.01
-2.38
-1.75
-4.5
-0.64
-0.65
Free Cash Flow per Basic Share
-1.6
-2.51
-4.66
0.41
0.88
-3.25
-1.56
-2.76
-0.75
-0.64
-0.55
-2.73
-5.88
-6.28
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-8.36
-5.52
-4.37
-2.15
2
1.83
-1.5
-4.05
-5.3
-7.51
-8.3
-10.88
-8.14
-7.57
Tangible Book Value per Share
6.15
7.71
10.28
12.94
17.2
16.25
13.22
12.26
9.1
6.31
6.46
5.31
12.05
16.48
Basic Weighted Avg Shares
10
14
16
17
19
20
20
22
27
28
32
42
60
67
Sales/Revenue/Turnover
78
130
190
261
382
267
191
235
212
223
218
249
456
507
Operating Margin (%)
0.02
4.15
7.2
8.89
22.8
-3.68
-24.69
-19.66
-26.2
-26.41
-18.57
-28.28
-10.91
-10.62
Depreciation Expense
3
6
9
14
20
30
24
25
25
23
20
21
28
31
Net Income, GAAP
-1
4
11
31
74
-2
-66
-58
-54
-66
-56
-187
-38
-43
Effective Tax Rate (%)
- -
4.44
3.36
- -
12.51
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-1.79
3.28
5.68
11.98
19.34
-0.8
-34.6
-24.91
-25.6
-29.8
-25.75
-74.88
-8.39
-8.55
Working Capital
39
65
80
98
159
117
101
106
85
45
79
131
418
733
LT Debt
9
19
34
35
49
60
102
100
91
85
81
148
177
200
Total Equity
63
115
165
227
333
329
274
278
255
185
215
229
734
1,106
Return on Invested Capital (%)
- -
4.36
6.97
- -
23
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-8.84
-47.65
- -
159.25
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
-5.79
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
65
71
80
LT Borrowings
130
130
130
LT Finance Leases
40
47
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
75
79
Market Capitalization
1,402
2,096
5,634

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
575
676
993
Cash, Cash Equivalents & STI
137
206
440
Accounts Receivable, Net
224
244
299
Inventories
170
183
206
Total Current Liabilities
249
257
259
Payables & Accruals
178
181
175
ST Debt
65
71
80
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.5%
41.49%
220.33%
Free Cash Flow
26.64%
135.51%
212.03%
Net Income, GAAP
334.28%
30.66%
-79.53%
Sales/Revenue/Turnover
13.87%
18.1%
82.75%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41
43
65
100
249
2025
100
103
119
134
456
2026
151
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.6
-0.66
-0.42
-2.6
-4.5
2025
-0.18
-0.16
-0.28
-0.03
-0.64
2026
-0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Chih-Hsiang Lin
Full Time Employees
3,309
Sector
Technology
Industry
Semiconductors
Address
13139 Jess Pirtle Boulevard Sugar Land TX United States of America 77478
IPO Date
Sep 26, 2013
Website
ao-inc.com
Business
Applied Optoelectronics, Inc. (Nasdaq: AAOI) designs, manufactures and sells fiber-optic networking products serving internet data centers, cable television broadband (CATV), telecommunications, fiber-to-the-home (FTTH), sensing, wireless and cable access markets; core offerings include high-speed optical transceivers such as 100Gbps, 400Gbps and 800G modules, lasers and laser components (including diode lasers, DFB and QAM DFB semiconductor chips), photodiodes, optical components and filters (such as TOSA, ROSA and TO packages), packaged optical subassemblies, HFC network equipment (including Quantum18 and QuantumLink amplifiers, nodes, transmitters, headend and distribution equipment supporting DOCSIS 4.0 and 10G standards) and turn-key RF solutions. Founded in 1997 and headquartered in Sugar Land, Texas, the company maintains vertically integrated manufacturing and R&D facilities in the United States, Taiwan (New Taipei City) and China (Ningbo), with sales coordinated globally through direct personnel. AOI reports robust growth with Q3 2025 revenue of $118.6 million, up 82% year-over-year and 15% sequentially, driven by data center and CATV demand; non-GAAP gross margins expanded to 31.0% from 25.0% a year earlier, while guiding Q4 2025 revenue to $125-$140 million with planned U.S. capacity for 100,000 800G transceiver units per month by year-end. The company continues investing in next-generation 1.6T products and operational efficiencies following the 2022 divestiture of its Wuhan, China manufacturing assets, focusing on high-volume hyperscale data center operators and broadband providers amid AI-driven demand.

Company News

MCPAPIChat
  • Applied Optoelectronics: The Laser Bottleneck Winner

  • Applied Optoelectronics: An Optical Supercycle Is Here

  • Why Applied Optoelectronics Stock Is Rising Today

  • Is AAOI Stock Worth Betting on at a Premium or Should Investors Wait?

  • Applied Optoelectronics Jumps 7%, Lumentum Climbs 5%, Coherent Rises 2% as Optics Stocks Ride the AI Boom

  • Applied Optoelectronics Shares Are Climbing Wednesday: What's Driving The Move?

  • Spectrum Deploys AOI's Intelligent Network Management Software Across Its Connected 1.8GHz Amplifier Footprint

  • Why I'm Buying The AAOI Dip

  • Buy The Dip? Not So Fast.

  • Applied Optoelectronics Rides on AI Boom: More Upside Ahead?

  • These ETFs Owned Russell 2000's Biggest Winners Before They Soared 400%+ In 2026

  • Applied Optoelectronics: The 800G And 1.6T Ramp Can Keep Driving The Stock Higher

  • Coherent Advances 16%, Lumentum Climbs 13%, Applied Optoelectronics Adds 8% as Optics Rally Broadens

  • Applied Optoelectronics: Despite A Risk On Guidance, It's Bullish From Here

  • 5 Chip Stocks That Are Worth the Hype

  • Applied Optoelectronics Is Up 439% in 2026: Is It Outperforming Other Optics Stocks Like Lumentum and Coherent?

  • Applied Optoelectronics Sees Strong Demand From Data Centers And AI Computing

  • Applied Optoelectronics Tumbles 9%, Coherent Sinks 8%, Lumentum Falls 4% as Optics Stocks Cool Off

  • Stocks In AI Bottleneck Soar 1,000%. Now Nvidia Is Demanding 20X More Supply

  • Applied Optoelectronics: Bubble Or Bottleneck? I'm Long Anyways