Symbols / AAOI
AAOI Chart
About
Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers. The company 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.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Communication Equipment | Market Cap | 3.84B |
| Enterprise Value | 3.94B | Income | -155.90M | Sales | 421.71M |
| Book/sh | 8.21 | Cash/sh | 2.01 | Dividend Yield | — |
| Payout | 0.00% | Employees | 3309 | IPO | — |
| P/E | — | Forward P/E | 67.59 | PEG | — |
| P/S | 9.11 | P/B | 6.85 | P/C | — |
| EV/EBITDA | -159.36 | EV/Sales | 9.34 | Quick Ratio | 1.45 |
| Current Ratio | 2.31 | Debt/Eq | 42.06 | LT Debt/Eq | — |
| EPS (ttm) | -3.46 | EPS next Y | 0.83 | EPS Growth | — |
| Revenue Growth | 82.10% | Earnings | 2026-02-26 | ROA | -4.46% |
| ROE | -40.43% | ROIC | — | Gross Margin | 29.33% |
| Oper. Margin | -15.33% | Profit Margin | -36.97% | Shs Outstand | 68.28M |
| Shs Float | 65.10M | Short Float | 17.54% | Short Ratio | 2.27 |
| Short Interest | — | 52W High | 56.61 | 52W Low | 9.71 |
| Beta | 3.35 | Avg Volume | 5.04M | Volume | 4.16M |
| Target Price | $36.60 | Recom | Buy | Prev Close | $53.96 |
| Price | $56.27 | Change | 4.28% |
Valuation Models
Price estimates from analyst targets and simple models.
Ratings
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-19 | main | Rosenblatt | Buy → Buy | $50 |
| 2025-12-19 | main | Rosenblatt | Buy → Buy | $50 |
| 2025-12-11 | main | Rosenblatt | Buy → Buy | $50 |
| 2025-12-11 | main | Needham | Buy → Buy | $43 |
| 2025-11-17 | main | Northland Capital Markets | Outperform → Outperform | $35 |
| 2025-11-10 | down | B. Riley Securities | Neutral → Sell | $15 |
| 2025-08-08 | main | Raymond James | Outperform → Outperform | $25 |
| 2025-08-08 | main | B. Riley Securities | Neutral → Neutral | $15 |
| 2025-07-25 | init | Needham | — → Buy | $32 |
| 2025-07-08 | init | Wolfe Research | — → Peer Perform | — |
| 2025-06-26 | main | Rosenblatt | Buy → Buy | $34 |
| 2025-05-09 | main | Raymond James | Outperform → Outperform | $18 |
| 2025-04-22 | main | Rosenblatt | Buy → Buy | $30 |
| 2025-04-14 | main | Raymond James | Outperform → Outperform | $20 |
| 2025-03-14 | main | Rosenblatt | Buy → Buy | $36 |
| 2025-03-07 | up | B. Riley Securities | Sell → Neutral | $13 |
| 2025-03-03 | main | B. Riley Securities | Sell → Sell | $13 |
| 2025-02-27 | main | Raymond James | Outperform → Outperform | $31 |
| 2025-02-27 | main | Rosenblatt | Buy → Buy | $36 |
| 2025-02-24 | main | Rosenblatt | Buy → Buy | $44 |
- 1492 Capital Loads Up AAOI With 216,000 Shares Bought - The Motley Fool ue, 24 Feb 2026 23
- AAOI Stock Pulls Back From 8-Year High As Traders Brace For Q4 Earnings - Stocktwits Mon, 23 Feb 2026 05
- AAOI Stock (+10%): Macro Tailwinds & Expansion Narrative Propel Breakout - Trefis Sat, 21 Feb 2026 07
- Applied Optoelectronics (AAOI) Hits 9-Year High Ahead of Earnings - Yahoo Finance Sat, 21 Feb 2026 16
- AAOI Stock Surges with Bold Expansion Moves - timothysykes.com Mon, 23 Feb 2026 16
- Applied Optoelectronics: The AI Networking Dark Horse Wall Street Underestimates (AAOI) - Seeking Alpha Mon, 23 Feb 2026 21
- Checking Applied Optoelectronics’ Valuation After AI Data Center Wins And Pre Earnings Momentum - simplywall.st ue, 24 Feb 2026 06
- AAOI stock dips in premarket as Applied Optoelectronics heads into earnings week - TechStock² Mon, 23 Feb 2026 13
- Applied Optoelectronics (NASDAQ:AAOI) Shares Up 7.4% - Here's What Happened - MarketBeat Fri, 20 Feb 2026 17
- Major Expansion Plans Boost AAOI Stock​ - StocksToTrade Fri, 20 Feb 2026 17
- Avoiding Lag: Real-Time Signals in (AAOI) Movement - Stock Traders Daily Mon, 23 Feb 2026 00
- Applied Optoelectronics (AAOI) Sees Significant Stock Price Incr - GuruFocus Fri, 20 Feb 2026 17
- Insider Sale: Chief Financial Officer of $AAOI Sells 2,327 Shares - Quiver Quantitative Wed, 11 Feb 2026 08
- WT Asset Management Ltd Acquires New Shares in Applied Optoelectronics, Inc. $AAOI - MarketBeat Fri, 20 Feb 2026 15
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Average Recommendation of "Hold" by Brokerages - MarketBeat Fri, 20 Feb 2026 10
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 20000 | 1002905 | — | Sale at price 50.00 - 50.17 per share. | KUO DAVID C. | Officer | — | 2026-02-11 00:00:00 | D |
| 1 | 18020 | 898689 | — | Sale at price 48.68 - 50.25 per share. | MURRY STEFAN J | Chief Financial Officer | — | 2026-02-11 00:00:00 | D |
| 2 | 25799 | — | — | Stock Award(Grant) at price 0.00 per share. | CHANG HUNG-LUN FRED | Officer | — | 2026-02-09 00:00:00 | D |
| 3 | 25799 | — | — | Stock Award(Grant) at price 0.00 per share. | YEH SHU-HUA JOSHUA | Officer | — | 2026-02-09 00:00:00 | D |
| 4 | 82559 | — | — | Stock Award(Grant) at price 0.00 per share. | LIN CHIH-HSIANG THOMPSON | Chief Executive Officer | — | 2026-02-09 00:00:00 | D |
| 5 | 17027 | — | — | Stock Award(Grant) at price 0.00 per share. | KUO DAVID C. | Officer | — | 2026-02-09 00:00:00 | D |
| 6 | 32249 | — | — | Stock Award(Grant) at price 0.00 per share. | MURRY STEFAN J | Chief Financial Officer | — | 2026-02-09 00:00:00 | D |
| 7 | 12000 | 540660 | — | Sale at price 45.06 per share. | KUO DAVID C. | Officer | — | 2026-01-28 00:00:00 | D |
| 8 | 66 | 2311 | — | Sale at price 35.01 per share. | MURRY STEFAN J | Chief Financial Officer | — | 2026-01-15 00:00:00 | D |
| 9 | 3934 | 133932 | — | Sale at price 33.75 - 35.00 per share. | MURRY STEFAN J | Chief Financial Officer | — | 2026-01-13 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -47.31M | -26.84M | -35.43M | -29.85M |
| TotalUnusualItems | -111.95M | 660.00K | -1.44M | 6.68M |
| TotalUnusualItemsExcludingGoodwill | -111.95M | 660.00K | -1.44M | 6.68M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -186.73M | -56.05M | -66.40M | -54.16M |
| ReconciledDepreciation | 20.65M | 20.43M | 23.20M | 25.37M |
| ReconciledCostOfRevenue | 187.56M | 158.72M | 189.19M | 173.85M |
| EBITDA | -159.26M | -26.18M | -36.88M | -23.17M |
| EBIT | -179.91M | -46.61M | -60.08M | -48.54M |
| NetInterestIncome | -5.95M | -8.82M | -6.19M | -5.55M |
| InterestExpense | 6.83M | 9.43M | 6.32M | 5.62M |
| InterestIncome | 874.00K | 609.00K | 126.00K | 70.00K |
| NormalizedIncome | -74.78M | -56.71M | -64.96M | -60.84M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -186.73M | -56.05M | -66.40M | -54.16M |
| TotalExpenses | 319.88M | 258.06M | 281.66M | 266.99M |
| TotalOperatingIncomeAsReported | -70.91M | -41.35M | -59.00M | -56.77M |
| DilutedAverageShares | 41.54M | 31.94M | 27.85M | 26.91M |
| BasicAverageShares | 41.54M | 31.94M | 27.85M | 26.91M |
| DilutedEPS | -4.50 | -1.75 | -2.38 | -2.01 |
| BasicEPS | -4.50 | -1.75 | -2.38 | -2.01 |
| DilutedNIAvailtoComStockholders | -186.73M | -56.05M | -66.40M | -54.16M |
| NetIncomeCommonStockholders | -186.73M | -56.05M | -66.40M | -54.16M |
| NetIncome | -186.73M | -56.05M | -66.40M | -54.16M |
| NetIncomeIncludingNoncontrollingInterests | -186.73M | -56.05M | -66.40M | -54.16M |
| NetIncomeContinuousOperations | -186.73M | -56.05M | -66.40M | -54.16M |
| TaxProvision | 2.00K | 9.00K | 1.00K | 2.00K |
| PretaxIncome | -186.73M | -56.04M | -66.40M | -54.16M |
| OtherIncomeExpense | -110.27M | -6.81M | -1.36M | 6.81M |
| OtherNonOperatingIncomeExpenses | 1.68M | -7.47M | 76.00K | 129.00K |
| SpecialIncomeCharges | -112.09M | -51.00K | 47.00K | 6.23M |
| GainOnSaleOfPPE | -132.00K | -51.00K | 47.00K | -1.00K |
| OtherSpecialCharges | 111.96M | -6.23M | ||
| GainOnSaleOfSecurity | 144.00K | 711.00K | -1.49M | 454.00K |
| NetNonOperatingInterestIncomeExpense | -5.95M | -8.82M | -6.19M | -5.55M |
| InterestExpenseNonOperating | 6.83M | 9.43M | 6.32M | 5.62M |
| InterestIncomeNonOperating | 874.00K | 609.00K | 126.00K | 70.00K |
| OperatingIncome | -70.51M | -40.41M | -58.84M | -55.42M |
| OperatingExpense | 132.31M | 99.33M | 92.47M | 93.14M |
| OtherOperatingExpenses | -395.00K | -937.00K | -160.00K | -1.34M |
| ResearchAndDevelopment | 54.95M | 35.98M | 36.24M | 41.22M |
| SellingGeneralAndAdministration | 77.75M | 64.30M | 56.38M | 53.26M |
| SellingAndMarketingExpense | 18.15M | 11.07M | 9.72M | 10.90M |
| GeneralAndAdministrativeExpense | 59.60M | 53.23M | 46.66M | 42.36M |
| OtherGandA | 59.60M | 53.23M | 46.66M | 42.36M |
| GrossProfit | 61.80M | 58.92M | 33.63M | 37.72M |
| CostOfRevenue | 187.56M | 158.72M | 189.19M | 173.85M |
| TotalRevenue | 249.37M | 217.65M | 222.82M | 211.56M |
| OperatingRevenue | 249.37M | 217.65M | 222.82M | 211.56M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 49.39M | 38.15M | 28.62M | 27.32M |
| ShareIssued | 49.39M | 38.15M | 28.62M | 27.32M |
| NetDebt | 113.01M | 69.83M | 124.23M | 106.91M |
| TotalDebt | 190.86M | 121.07M | 155.53M | 149.90M |
| TangibleBookValue | 220.59M | 206.21M | 175.73M | 244.88M |
| InvestedCapital | 409.55M | 330.07M | 333.59M | 396.14M |
| WorkingCapital | 131.20M | 79.25M | 44.58M | 85.12M |
| NetTangibleAssets | 220.59M | 206.21M | 175.73M | 244.88M |
| CapitalLeaseObligations | 10.42M | 5.88M | 6.61M | 8.33M |
| CommonStockEquity | 229.11M | 214.87M | 184.67M | 254.57M |
| TotalCapitalization | 367.92M | 291.10M | 264.18M | 338.25M |
| TotalEquityGrossMinorityInterest | 229.11M | 214.87M | 184.67M | 254.57M |
| StockholdersEquity | 229.11M | 214.87M | 184.67M | 254.57M |
| GainsLossesNotAffectingRetainedEarnings | -2.55M | 975.00K | 2.18M | 16.07M |
| OtherEquityAdjustments | -2.55M | 975.00K | 2.18M | 16.07M |
| RetainedEarnings | -451.85M | -265.12M | -209.07M | -142.67M |
| AdditionalPaidInCapital | 683.46M | 478.97M | 391.53M | 381.14M |
| CapitalStock | 49.00K | 38.00K | 29.00K | 27.00K |
| CommonStock | 49.00K | 38.00K | 29.00K | 27.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 317.92M | 174.32M | 223.59M | 199.89M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 147.85M | 80.96M | 85.01M | 90.93M |
| LongTermDebtAndCapitalLeaseObligation | 147.85M | 80.96M | 85.01M | 90.93M |
| LongTermCapitalLeaseObligation | 9.04M | 4.73M | 5.50M | 7.25M |
| LongTermDebt | 138.81M | 76.23M | 79.51M | 83.68M |
| CurrentLiabilities | 170.07M | 93.36M | 138.58M | 108.96M |
| OtherCurrentLiabilities | -3.00M | |||
| CurrentDeferredLiabilities | 188.00K | 1.99M | 3.22M | 195.00K |
| CurrentDeferredRevenue | 0.00 | 1.80M | 3.00M | 0.00 |
| CurrentDebtAndCapitalLeaseObligation | 43.01M | 40.11M | 70.52M | 58.97M |
| CurrentCapitalLeaseObligation | 1.38M | 1.15M | 1.10M | 1.08M |
| CurrentDebt | 41.63M | 38.97M | 69.41M | 57.89M |
| OtherCurrentBorrowings | 22.37M | 23.48M | 57.07M | 49.69M |
| CurrentNotesPayable | 19.26M | 15.48M | 12.34M | 8.20M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 4.01M | 3.38M | 3.27M | 3.47M |
| PayablesAndAccruedExpenses | 122.86M | 47.88M | 61.59M | 46.32M |
| CurrentAccruedExpenses | 17.07M | 14.24M | 13.15M | 10.02M |
| InterestPayable | 114.00K | 341.00K | 1.60M | 1.48M |
| Payables | 105.79M | 33.64M | 48.43M | 36.30M |
| TotalTaxPayable | 824.00K | 745.00K | 588.00K | 1.90M |
| AccountsPayable | 104.97M | 32.89M | 47.84M | 34.40M |
| TotalAssets | 547.03M | 389.19M | 408.26M | 454.46M |
| TotalNonCurrentAssets | 245.76M | 216.58M | 225.10M | 260.38M |
| OtherNonCurrentAssets | 8.37M | 2.58M | 386.00K | 518.00K |
| GoodwillAndOtherIntangibleAssets | 8.52M | 8.66M | 8.94M | 9.69M |
| OtherIntangibleAssets | 8.52M | 8.66M | 8.94M | 9.69M |
| NetPPE | 228.88M | 205.34M | 215.78M | 250.17M |
| AccumulatedDepreciation | -204.50M | -194.09M | -177.52M | -167.77M |
| GrossPPE | 433.38M | 399.43M | 393.30M | 417.94M |
| ConstructionInProgress | 8.40M | 29.94M | 30.43M | 33.70M |
| OtherProperties | 9.65M | 5.03M | 5.59M | 7.13M |
| MachineryFurnitureEquipment | 294.78M | 276.02M | 268.99M | 285.50M |
| BuildingsAndImprovements | 118.65M | 86.53M | 86.37M | 89.70M |
| LandAndImprovements | 1.91M | 1.91M | 1.91M | 1.91M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 301.27M | 172.60M | 183.16M | 194.08M |
| OtherCurrentAssets | 17.20M | 5.35M | 6.38M | 4.33M |
| RestrictedCash | 11.71M | 9.73M | 10.90M | 6.48M |
| PrepaidAssets | 4.00K | 3.00K | 0.00 | 1.00K |
| Inventory | 88.14M | 63.87M | 79.68M | 92.52M |
| InventoriesAdjustmentsAllowances | -15.25M | -14.51M | -12.41M | |
| FinishedGoods | 17.29M | 22.45M | 26.79M | 21.52M |
| WorkInProcess | 35.72M | 33.79M | 39.56M | 41.53M |
| RawMaterials | 50.38M | 22.13M | 25.73M | 29.47M |
| Receivables | 116.80M | 48.29M | 61.51M | 56.09M |
| NotesReceivable | 0.00 | 219.00K | 339.00K | 8.15M |
| AccountsReceivable | 116.80M | 48.07M | 61.17M | 47.94M |
| AllowanceForDoubtfulAccountsReceivable | -1.00K | -3.00K | -28.00K | -30.00K |
| GrossAccountsReceivable | 116.80M | 48.07M | 61.20M | 47.97M |
| CashCashEquivalentsAndShortTermInvestments | 67.43M | 45.37M | 24.68M | 34.66M |
| CashAndCashEquivalents | 67.43M | 45.37M | 24.68M | 34.66M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -113.44M | -17.60M | -17.73M | -20.08M |
| RepaymentOfDebt | -89.82M | -225.82M | -178.96M | -147.91M |
| IssuanceOfDebt | 92.83M | 198.34M | 188.93M | 147.56M |
| IssuanceOfCapitalStock | 146.29M | 68.98M | 1.24M | 15.40M |
| CapitalExpenditure | -43.91M | -9.67M | -3.71M | -8.44M |
| InterestPaidSupplementalData | 4.94M | 8.10M | 5.14M | 4.90M |
| IncomeTaxPaidSupplementalData | 0.00 | 9.00K | 0.00 | 1.00K |
| EndCashPosition | 79.13M | 55.10M | 35.59M | 41.14M |
| BeginningCashPosition | 55.10M | 35.59M | 41.14M | 50.12M |
| EffectOfExchangeRateChanges | 2.08M | 1.62M | 1.55M | -876.00K |
| ChangesInCash | 21.96M | 17.89M | -7.10M | -8.10M |
| FinancingCashFlow | 142.18M | 40.58M | 10.75M | 14.09M |
| CashFlowFromContinuingFinancingActivities | 142.18M | 40.58M | 10.75M | 14.09M |
| NetOtherFinancingCharges | -7.12M | -956.00K | -454.00K | -961.00K |
| ProceedsFromStockOptionExercised | -2.00K | 22.00K | 0.00 | 8.00K |
| NetCommonStockIssuance | 146.29M | 68.98M | 1.24M | 15.40M |
| CommonStockIssuance | 146.29M | 68.98M | 1.24M | 15.40M |
| NetIssuancePaymentsOfDebt | 3.01M | -27.47M | 9.97M | -357.00K |
| NetShortTermDebtIssuance | 3.98M | 3.31M | 5.09M | 3.81M |
| ShortTermDebtPayments | -40.17M | -53.75M | -40.57M | -143.75M |
| ShortTermDebtIssuance | 44.15M | 57.06M | 45.67M | 147.56M |
| NetLongTermDebtIssuance | -973.00K | -30.78M | 4.88M | -4.16M |
| LongTermDebtPayments | -49.65M | -172.07M | -138.38M | -4.16M |
| LongTermDebtIssuance | 48.68M | 141.29M | 143.26M | 0.00 |
| InvestingCashFlow | -50.70M | -14.76M | -3.83M | -10.55M |
| CashFlowFromContinuingInvestingActivities | -50.70M | -14.76M | -3.83M | -10.55M |
| NetOtherInvestingChanges | -6.79M | -5.23M | -529.00K | -2.22M |
| NetIntangiblesPurchaseAndSale | -506.00K | -588.00K | -498.00K | -457.00K |
| PurchaseOfIntangibles | -506.00K | -588.00K | -498.00K | -457.00K |
| NetPPEPurchaseAndSale | -43.40M | -8.94M | -2.81M | -7.87M |
| SaleOfPPE | 7.00K | 135.00K | 403.00K | 114.00K |
| PurchaseOfPPE | -43.41M | -9.08M | -3.21M | -7.98M |
| OperatingCashFlow | -69.53M | -7.93M | -14.02M | -11.64M |
| CashFlowFromContinuingOperatingActivities | -69.53M | -7.93M | -14.02M | -11.64M |
| ChangeInWorkingCapital | -35.88M | 6.06M | 11.90M | 5.96M |
| ChangeInOtherWorkingCapital | -1.80M | -1.20M | ||
| ChangeInOtherCurrentLiabilities | 5.01M | -660.00K | -969.00K | -918.00K |
| ChangeInOtherCurrentAssets | -17.06M | 1.54M | -1.52M | 1.72M |
| ChangeInPayablesAndAccruedExpense | 75.90M | -13.62M | 18.23M | 3.98M |
| ChangeInAccruedExpense | 3.83M | 1.33M | 5.26M | -3.09M |
| ChangeInPayable | 72.08M | -14.95M | 12.97M | 7.07M |
| ChangeInAccountPayable | 72.08M | -14.95M | 12.97M | 7.07M |
| ChangeInTaxPayable | 1.00K | -1.00K | 0.00 | 1.00K |
| ChangeInIncomeTaxPayable | 1.00K | -1.00K | 0.00 | 1.00K |
| ChangeInPrepaidAssets | -2.00K | -3.00K | 1.00K | 1.00K |
| ChangeInInventory | -29.41M | 6.79M | 1.15M | 15.79M |
| ChangeInReceivables | -68.51M | 13.21M | -4.99M | -14.61M |
| ChangesInAccountReceivables | -68.73M | 13.13M | -12.75M | -7.02M |
| OtherNonCashItems | 1.43M | 2.31M | 902.00K | 4.68M |
| StockBasedCompensation | 14.79M | 11.88M | 9.60M | 12.12M |
| ProvisionandWriteOffofAssets | 3.43M | 8.70M | 4.90M | -32.00K |
| DeferredTax | 0.00 | 0.00 | ||
| DeferredIncomeTax | 0.00 | 0.00 | ||
| DepreciationAmortizationDepletion | 20.65M | 20.43M | 23.20M | 25.37M |
| DepreciationAndAmortization | 20.65M | 20.43M | 23.20M | 25.37M |
| OperatingGainsLosses | 112.78M | -1.26M | 1.87M | -5.58M |
| NetForeignCurrencyExchangeGainLoss | 689.00K | -1.31M | 1.92M | 645.00K |
| NetIncomeFromContinuingOperations | -186.73M | -56.05M | -66.40M | -54.16M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for AAOI
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|