NASDAQ · AAOI
Applied Optoelectronics, Inc.
Technology · Communication Equipment
$69.05▼ 12.80% ($10.14)at close
After hours$69.42▲ 0.53%7:59 PM ET
Market cap
$5.86B
P/E
N/M
EPS (TTM)
-$0.70
Valuation
Revenue & margin DCF
A cash-flow estimate wouldn't be reliable here
Every projected year produces negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.
- 10-yr revenue CAGR
- 19.6%
- Ending operating margin
- 0.0%
- Discount rate
- 15.0%
USD · TTM ending Jun 30, 2026 · Price used $69.05 · Price Oct 30, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 96.89% over the last year. Revenue grew 61.85% over the trailing twelve months. Operating margin moved from -13.02% to -11.31%. Free cash flow declined 69.4% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -11.31% — continued expansion would be needed to justify the premium. Revenue growth of 61.85% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Applied Optoelectronics, Inc. (AAOI) is a global technology firm specializing in the creation, production, and distribution of fiber-optic networking solutions.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
7
Buy
6
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 5, 2026
Q3 FY26 · EPS est $0.14 · Revenue est $268.1M
Same quarter, year over year
FY26 YTD n/mEach cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined -$0.01 vs -$0.18 · 1 of 2 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
—
FY25
FY24
FY23
—
—
—
Fiscal year totals
- FY25
- -$0.28
- n/m
- FY24
- -$0.82
- —
n/m: last year’s figure was zero, a loss or too small to compare against
Q2 FY26
Reported Aug 6, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.06
Estimate
$0.02
Year over year
n/m
Vs prior quarter
n/m
Institutional Sentiment
Applied Optoelectronics, Inc. · AAOI
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.