Applied Optoelectronics, Inc.

Applied Optoelectronics, Inc.

AAOI
Applied Optoelectronics, Inc.US flagNASDAQ Global Market
75.57
USD
-8.16
- -
6.42BMarket 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
8.19
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
-0.78
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
-8.26
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.99
7.76
9.82
12.36
17.13
16.61
13.59
11.07
9.32
6.45
5.63
4.64
9.79
19.77
Tangible Book Value per Share
4.85
7.44
9.54
12.1
16.89
16.12
13.11
10.67
8.96
6.14
5.41
4.47
9.67
19.67
Basic Weighted Avg Shares
10
14
16
17
19
20
20
22
27
28
32
42
60
73
Sales/Revenue/Turnover
78
130
190
261
382
267
191
235
212
223
218
249
456
596
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
-10.58
Depreciation Expense
3
6
9
14
20
30
24
25
25
23
20
21
28
35
Net Income, GAAP
-1
4
11
31
74
-2
-66
-58
-54
-66
-56
-187
-38
-57
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
-9.57
Working Capital
39
65
80
98
159
117
101
106
85
45
79
131
418
761
LT Debt
9
19
34
35
49
60
102
100
91
85
81
148
177
205
Total Equity
63
115
165
227
333
329
274
278
255
185
215
229
734
1,668
Return on Invested Capital (%)
- -
4.36
6.97
- -
23
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
3.89
6.23
- -
22.87
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-2.99
4.81
7.7
15.9
26.38
-0.65
-21.91
-21.19
-20.34
-30.23
-28.06
-84.12
-7.94
-5.45

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
71
80
95
LT Borrowings
130
130
131
LT Finance Leases
47
71
74
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
75
79
84
Market Capitalization
2,614
6,680
12,503

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
676
993
1,190
Cash, Cash Equivalents & STI
206
440
500
Accounts Receivable, Net
244
299
314
Inventories
183
206
279
Total Current Liabilities
257
259
428
Payables & Accruals
181
175
325
ST Debt
71
80
95
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
192
- -
- -
- -

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
-0.28
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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

Company Description

CEO
Chih-Hsiang Lin
Full Time Employees
4,691
Sector
Technology
Industry
Communication Equipment
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

  • Why Applied Optoelectronics Stock Plummeted This Week

  • Applied Optoelectronics Announces Date of Third Quarter 2026 Financial Results Conference Call

  • Optical Stocks Extend Slide as Money Rotates Into Defensives: Applied Optoelectronics Falls 6%, Coherent Drops 7%, Lumentum Slips 5%

  • Struggling Photonics Stock Flashing 'Buy the Dip' Signal

  • Applied Optoelectronics Dives 9% as AI Funding Fears Hit Optical Stocks; Coherent Slides 7%, Lumentum Drops 7%

  • Applied Optoelectronics Is Up 175% in 2026 and Lumentum Is Up 164%: Take Profits, or Hold On for the Ride?

  • Lumentum Falls 10% as Optics Selloff Hits Hardest Where Capacity Is Sold Out; Applied Optoelectronics Drops 7%, Coherent Slides 7%

  • 3 Mid-Cap AI-Driven Stocks at Deep Discount With Huge Near-Term Upside

  • Optics Stocks Rally on Sold-Out Optical Capacity Through Early 2029: Applied Optoelectronics and Lumentum Surge 7%, Coherent Climbs 5%

  • Lumentum, Coherent Stocks Jump After CEO Warns AI Components Sold Out Through 2029

  • Applied Optoelectronics Has Fallen Hard for 6 Months: This Wall Street Analyst Expects It's Going to Double Soon

  • Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains: Applied Optoelectronics Drops 9%, Coherent Falls 5%, Lumentum Slides 4%

  • AAOI Stock Gains 17% in a Month: Should You Buy, Sell or Hold?

  • Applied Optoelectronics Stock Rises on Possible Continued Momentum as It Completes Share Sale

  • Applied Optoelectronics Surges 6% as $600M Share Sale Program Closes; Lumentum Sits Out the Rally, Corning Edges Higher

  • Applied Optoelectronics Inc (AAOI) Stock Up 5.2% but GF Value Says Overvalued -- GF Score: 62/100

  • Applied Optoelectronics Announces Completion of Previously Announced At the Market Offering

  • October FOMC: Why the Fed Will Pause

  • Applied Optoelectronics Is Unstoppable: Up 8% Today and 231% This Year, Is AAOI Stock Too Hot to Handle Now?

  • Applied Optoelectronics Is Up 205% This Year. Is It Too Late to Buy AAOI Stock Now?