NASDAQ: AAOI
Applied Optoelectronics, Inc.
Technology · Communication Equipment
Pre-market: $92.75(-1.66%) · as of 6:18 AM ET
Market Cap
$7.57B
52w High
$233.67
52w Low
$18.50
P/E
-143.17
Volume
9.74M
Outstanding Shares
80.24M
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 312.42% over the last year. Revenue grew 64.32% over the trailing twelve months. Operating margin moved from -18.86% to -11.57%. Free cash flow declined 51.12% 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 -11.57%. Revenue grew 64.32% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 51.12%, 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. (AAOI) is a global technology firm specializing in the creation, production, and distribution of fiber-optic networking solutions.
Valuation
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
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $0.02 · Revenue est $190.48M
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