Applied Optoelectronics, Inc.

Applied Optoelectronics, Inc.

AAOI
Applied Optoelectronics, Inc.US flagNASDAQ Global Market
105.53
USD
+5.15
- -
8.47BMarket 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
20.79
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
20.68
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
80
Market Capitalization
2,614
6,680
11,889

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

  • 3 Lesser Discussed Stocks That Offer Meaningful AI Exposure

  • Optics Stocks Slide as AI Hardware Trade Cools: Applied Optoelectronics and Lumentum Fall 6%, Coherent Drops 5%

  • ASML or AAOI: Which Tech Stock Is Better-Placed at Present?

  • AAOI Benefits From Strong 800G Demand: Can It Beat LITE & COHR?

  • Applied Optoelectronics: Investors Are Over-Discounting Growth Prospects

  • Why Applied Optoelectronics Stock Dived by Almost 14% on Monday

  • Dow Rebounds as Tech Weakness Offsets Falling Bond Yields

  • Applied Optoelectronics Sinks 12% on $600M Equity Offering, Lumentum and Coherent Drop 5%

  • Applied Optoelectronics, SanDisk, Seagate And Other Big Stocks Moving Lower In Monday's Pre-Market Session

  • Deutsche Bank AG Purchases New Stake in Applied Optoelectronics, Inc. $AAOI

  • A Single Meta Data Center Will Require “8 Million Miles of Fiber.” These Stocks Are Cashing In On the 802 Data Centers Currently Under Construction

  • Applied Optoelectronics: Why The Recent Weakness Looks Like An Opportunity

  • AAOI vs. Lumentum: Which Optical Networking Stock Is the Better Buy?

  • Bank of America Corp DE Has $20.38 Million Position in Applied Optoelectronics, Inc. $AAOI

  • Applied Optoelectronics, Inc. (AAOI) Presents at Rosenblatt's 6th Annual Technology Summit: The Age of AI (Part II) Transcript

  • Applied Optoelectronics Bets on U.S. Laser Capacity to Capture AI Data Center Demand

  • Applied Optoelectronics Inc (AAOI) Stock Up 3.1% but GF Value Says Overvalued -- GF Score: 59/100

  • Applied Optoelectronics: 170% Growth At Just 4x Sales Is Too Cheap To Ignore

  • The Optical Shift: Why AAOI is Built for the AI Boom

  • AAOI Rides on Datacenter & CATV Growth: Can It Beat LITE and COHR?