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NASDAQ · Communication Equipment · USD

Applied Optoelectronics, Inc. (AAOI) Stock Analysis

Applied Optoelectronics, Inc. (AAOI) is a Communication Equipment stock listed on NASDAQ and quoted in US Dollar.

AAOI

$105.53

+$5.15 (+5.13%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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AAOI Key Statistics

As of Sep 4, 2026
Trading
Open
$101.91
Previous Close
$100.38
Day's Range
100.54–106.56
52-Week Range
18.50–233.67
Volume
6.79M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
3.78
Valuation
Market Cap
$8.96B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
22.93
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.78
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
15.03
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.81
Financials (FY)
Revenue (FY)
$455.72M+82.75%
Net Income (FY)
−$38.23M
Profit marginThe share of revenue left as profit after all costs and taxes.
−9.57%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
84.91M
1-Year Return
+352.53%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
11.28M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

AAOI Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+202.73%
2025−5.43%
2024+90.79%
2023+922.22%
2022−63.23%
2021−39.60%
2020−28.37%
2019−23.01%
2018−59.20%
2017+61.35%
2016 (partial year)+64.03%

As of September 4, 2026.

AAOI Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$455.72M−$38.23M−8.4%
2024$249.37M−$186.73M−74.9%
2023$217.65M−$56.05M−25.8%
2022$222.82M−$66.40M−29.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$455.72M$136.91M−$49.74M−$38.23M−8.4%
2024$249.37M$61.80M−$70.51M−$186.73M−74.9%
2023$217.65M$58.92M−$40.41M−$56.05M−25.8%
2022$222.82M$33.63M−$58.84M−$66.40M−29.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

AAOI Valuation vs Communication Equipment Median

Median of 52 stocks
MetricAAOICommunication Equipment medianvs median
P/S ratio15.032.226.8x the median
Profit margin−9.57%−0.74%8.8 pts below

Medians across 52 Communication Equipment stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Applied Optoelectronics, Inc. (AAOI) is capitalised at $8.96B on the latest close. The company sits in the Technology sector, in the Communication Equipment industry. The company reports 4,691 employees.

Over the past 52 weeks the price has ranged from $18.50 to $233.67. The most recent close on file for AAOI is $105.53, dated September 4, 2026. That is +$5.15 (+5.13%) against the previous close. The latest close sits 470.43% above that 52-week low.

Financial Health

In fiscal 2025, Applied Optoelectronics, Inc. reported revenue of $455.72M. That is +82.75% against the prior fiscal year, when revenue was $249.37M. The same year closed with a net loss of $38.23M. The reported profit margin is −9.57%. That is 8.8 percentage points below the Communication Equipment median of −0.74%. Trailing earnings per share are −0.81.

Across the 4 fiscal years on file, revenue moves from $222.82M in 2022 to $455.72M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 22.93. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.78. The price-to-sales ratio is 15.03. On price-to-sales that is 6.8 times the Communication Equipment median of 2.22. The medians here are taken across 52 Communication Equipment companies that report the metric.

The trailing one-year price return is +352.53%. Across 10 years the annualized return works out at +19.68%. The reported beta is 3.78. Daily returns over the trailing 10 years annualize to a volatility of 99.86%.

Growth & Income

No dividend is on file for AAOI.

The strongest complete calendar year on file is 2023 at +922.22%; the weakest is 2022 at −63.23%. Of the 9 complete calendar years on file, 3 finished higher. So far in 2026 the price is +202.73%.

Peer Comparison

Applied Optoelectronics, Inc. (AAOI) operates in the Communication Equipment industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Applied Optoelectronics, Inc. AAOI $8.96B —
Cisco Systems, Inc. CSCO $430.53B 32.6
Lumentum Holdings Inc. LITE $79.05B —
Motorola Solutions, Inc. MSI $77.46B 37.2

The Communication Equipment industry average P/E ratio is 33.3x. Applied Optoelectronics, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Applied Optoelectronics, Inc.

Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China. The company offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers. It sells its products to internet data center operators, cable television, telecom equipment manufacturers, fiber-to-the-home, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.

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