Applied Optoelectronics, Inc.
AAOI
NASDAQ·Technology·Communication Equipment·Mkt cap $8.5B
$105.53
▲ +5.13%
P/E
-135.50
Mkt Cap
$8.5B
52-Wk Range
$18.50–$233.67
52-Week Range
$18.50 - $233.67
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 346.6% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Proprietary optical technology
- Vertical integration in manufacturing
- Diverse customer base across multiple industries
- Strong engineering and R&D capabilities
Bear Case
2 risks
- Very high volatility (beta 3.8). Expect 3x market swings. Position size accordingly.
- Growth premium of 3.0x vs AI Photonics & Optical peers. Significant premium - requires sustained high growth to justify.
Growth
Turning profitable
5G network expansion
Value
Growth premium of 3.0x vs AI Photonics & Optical peers. Significant premium - requires sustained high growth to justify.
Momentum
Falling
-46.3% over 3m
Quality
Stable
High-growth business (62% revenue growth, 29% gross margin). Pre-profit but investing in growth.
Dividend
None
No dividend
Smart-money signal
Who's buying AAOI right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 5, 2026
AUG 6, 2026
Reported EPS of $0.06 vs $0.02 consensus (+296.6% surprise). Revenue of $191.9M vs $190.5M expected (+0.8%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+296.6%
Revenue trend · last 8Q
—
+66%
+146%
+138%
+82%
+34%
+51%
+86%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$65.2M
$100.3M
$99.9M
$103.0M
$118.6M
$134.3M
$151.1M
$191.9M
Margins · last 8Q
Gross
27.7%
Operating
-12.9%
Profit
-11.9%
Wall Street consensus
3 analysts · 67% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
67%
Hold
33%
Sell
0%
Median Price Target
—
Latest: B. Riley · Aug 7, 2026
vs Industry
How AAOI stacks vs Communication Equipment
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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