Reading the tape
NASDAQ: AAOI
Applied Optoelectronics, Inc.
Technology · Semiconductors
Market Cap
$14.49B
52w High
$191.87
52w Low
$12.56
P/E
-337.64
Volume
12.79M
Outstanding Shares
78.94M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 1,147.52%Revenue (TTM): 82.75%FCF (TTM): -54.48%P/E: 0th pct
What changed
The stock rose 1,147.52% over the last year. Revenue grew 82.75% over the trailing twelve months. Operating margin moved from -28.44% to -11.98%. Free cash flow declined 54.48% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 0th percentile of their historical P/E range.
What would invalidate this read
Operating margin is at -11.98%. Revenue grew 82.75% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 54.48%, which is worth watching as a leading indicator of future pressure. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide.
CEOChih-Hsiang Lin
SectorTechnology
IndustrySemiconductors
Employees3,309
IPO dateSep 26, 2013
Valuation
Forward P/E—
EV/EBITDA-132.12
Enterprise value$2.05B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth33.91%
Gross margin30.04%▲21.23%vs FY2024
Operating margin-11.98%▲57.86%vs FY2024
ROE-5.21%▲93.61%vs FY2024
Analyst consensus
RatingBuy
Target price$46.00▼74.93%
7
Buy
6
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est -$0.05 · Revenue est $156.98M
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