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Optics·AAOI
Applied Optoelectronics, Inc.
NASDAQ · US
Fiber-optic networking product supplier across modules, lasers, transmitters, and transceivers.
AI relevance
Datacenter optical module and laser supplier leveraged to high-speed AI networking builds.
Price
$126.44
Change
-2.66 (-2.06%)
Market cap
$10.1B
52w range
$19–$234
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
AAOI market performance
Daily close for Applied Optoelectronics, Inc.
- Latest close
- $126.7
- Range move
- +$103.0 (+434.6%)
- Range high
- $223.1
- Range low
- $19.49
- Latest volume
- 4.7M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
52 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus16 ratings
Strong buy
0
Buy
7
Hold
6
Sell
3
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $1.05B | $1.01B - $1.10B | $0.74 | $0.67 - $0.80 | -$224.1M | -$320.9M | $44.3M | $282.1M | 4 rev / 3 EPS |
| 2027-12-31 | $2.96B | $2.76B - $3.15B | $5.55 | $4.92 - $6.17 | -$632.5M | -$905.8M | $333.7M | $796.3M | 3 rev / 3 EPS |
| 2028-12-31 | $5.11B | $4.68B - $5.82B | $10.67 | $9.50 - $12.58 | -$1.09B | -$1.56B | $664.5M | $1.38B | 1 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | $268.1M | $259.7M - $273.6M | $0.14 | $0.11 - $0.17 | -$57.3M | -$82.0M | $11.7M | $72.1M | 4 rev / 4 EPS |
| 2026-12-30 | $427.3M | $385.0M - $488.2M | $0.56 | $0.41 - $0.71 | -$91.3M | -$130.7M | $45.3M | $114.9M | 4 rev / 4 EPS |
| 2027-03-30 | $520.2M | $482.7M - $570.3M | $0.77 | $0.70 - $0.86 | -$111.1M | -$159.1M | $62.6M | $139.9M | 2 rev / 1 EPS |
| 2027-06-30 | $614.6M | $570.3M - $673.8M | $1.00 | $0.91 - $1.13 | -$131.3M | -$188.0M | $81.7M | $165.3M | 2 rev / 1 EPS |
| 2027-09-30 | $711.0M | $659.8M - $779.5M | $1.27 | $1.15 - $1.43 | -$151.9M | -$217.5M | $103.4M | $191.2M | 2 rev / 1 EPS |
| 2027-12-30 | $817.6M | $758.7M - $896.4M | $1.56 | $1.42 - $1.76 | -$174.6M | -$250.1M | $127.4M | $219.9M | 2 rev / 1 EPS |
| 2028-03-30 | $855.8M | $794.1M - $938.2M | $1.72 | $1.56 - $1.94 | -$182.8M | -$261.8M | $140.3M | $230.1M | 1 rev / 2 EPS |
| 2028-06-30 | $936.1M | $868.7M - $1.03B | $1.98 | $1.79 - $2.23 | -$199.9M | -$286.3M | $161.5M | $251.7M | 1 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 3 | $173.00 |
| Last quarter | 3 | $173.00 |
| Last year | 8 | $106.50 |
| All time | 15 | $65.60 |
Sources: StreetInsider, TheFly, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-08-07 | Rosenblatt | Maintain | Buy | Buy |
| 2026-08-07 | Needham | Maintain | Buy | Buy |
| 2026-07-22 | Needham | Maintain | Buy | Buy |
| 2026-06-22 | Rosenblatt | Maintain | Buy | Buy |
| 2026-05-08 | Rosenblatt | Maintain | Buy | Buy |
| 2026-04-21 | Needham | Maintain | Buy | Buy |
| 2026-03-09 | Rosenblatt | Maintain | Buy | Buy |
| 2026-02-27 | Rosenblatt | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 2 | 1 | 3 | 0 | 0 |
| 2026-07-01 | 2 | 1 | 3 | 0 | 0 |
| 2026-06-01 | 2 | 1 | 3 | 0 | 0 |
| 2026-05-01 | 2 | 1 | 3 | 0 | 0 |
| 2026-04-01 | 2 | 1 | 3 | 0 | 0 |
| 2026-03-01 | 2 | 1 | 3 | 0 | 0 |
| 2026-02-01 | 2 | 2 | 3 | 1 | 0 |
| 2026-01-01 | 2 | 2 | 1 | 1 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $455.7M | $136.9M | 30.0% | $85.5M | -$54.6M | -$15.5M | -$38.2M | $-0.64 |
| FY 2024 | $249.4M | $61.8M | 24.8% | $55.0M | -$70.9M | -$159.3M | -$186.7M | $-4.50 |
| FY 2023 | $217.6M | $58.9M | 27.1% | $36.0M | -$41.3M | -$26.2M | -$56.0M | $-1.75 |
| FY 2022 | $222.8M | $33.6M | 15.1% | $36.2M | -$59.0M | -$36.9M | -$66.4M | $-2.38 |
| FY 2021 | $211.6M | $37.7M | 17.8% | $41.2M | -$56.8M | -$23.2M | -$54.2M | $-2.01 |
| FY 2020 | $234.6M | $50.5M | 21.5% | $43.4M | -$48.8M | -$20.9M | -$58.5M | $-2.67 |
| FY 2019 | $190.9M | $46.2M | 24.2% | $43.4M | -$48.7M | -$22.0M | -$66.0M | $-3.31 |
| FY 2018 | $267.5M | $87.8M | 32.8% | $49.9M | -$10.8M | $21.0M | -$2.1M | $-0.11 |
| FY 2017 | $382.3M | $166.3M | 43.5% | $35.4M | $87.0M | $105.8M | $74.0M | $3.87 |
| FY 2016 | $260.7M | $87.0M | 33.4% | $31.8M | $23.0M | $36.9M | $31.2M | $1.82 |
| FY 2015 | $189.9M | $60.5M | 31.8% | $20.9M | $13.4M | $21.6M | $10.8M | $0.69 |
| FY 2014 | $130.4M | $44.2M | 33.9% | $16.0M | $5.1M | $11.0M | $4.3M | $0.30 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$174.4M | $179.5M | -$353.6M |
| FY 2024 | -$69.5M | $43.4M | -$112.9M |
| FY 2023 | -$7.9M | $9.1M | -$17.6M |
| FY 2022 | -$14.0M | $3.2M | -$18.3M |
| FY 2021 | -$11.6M | $8.0M | -$22.3M |
| FY 2020 | -$44.0M | $15.8M | -$63.6M |
| FY 2019 | -$1.8M | $28.8M | -$33.9M |
| FY 2018 | $14.0M | $71.9M | -$63.2M |
| FY 2017 | $84.3M | $67.0M | $13.9M |
| FY 2016 | $57.1M | $49.4M | $7.1M |
| FY 2015 | -$15.2M | $57.1M | -$72.8M |
| FY 2014 | $7.2M | $41.1M | -$37.2M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $216.0M | $244.4M | $183.1M | $425.7M | $1.17B | $167.3M | -$48.7M | $434.5M | $733.9M |
| FY 2024 | $67.4M | $116.8M | $88.1M | $228.9M | $547.0M | $190.9M | $123.4M | $317.9M | $229.1M |
| FY 2023 | $45.4M | $48.3M | $63.9M | $205.3M | $389.2M | $121.1M | $75.7M | $174.3M | $214.9M |
| FY 2022 | $24.7M | $61.5M | $79.7M | $215.8M | $408.3M | $155.5M | $130.8M | $223.6M | $184.7M |
| FY 2021 | $34.7M | $56.1M | $92.5M | $250.2M | $454.5M | $149.9M | $115.2M | $199.9M | $254.6M |
| FY 2020 | $43.4M | $43.4M | $110.4M | $260.8M | $480.8M | $154.9M | $111.5M | $202.9M | $277.9M |
| FY 2019 | $60.0M | $34.7M | $85.0M | $256.3M | $466.8M | $142.3M | $82.4M | $193.0M | $273.8M |
| FY 2018 | $55.6M | $30.5M | $93.3M | $234.2M | $466.8M | $88.5M | $32.9M | $137.7M | $329.1M |
| FY 2017 | $83.0M | $59.9M | $75.8M | $197.9M | $453.0M | $49.6M | -$33.4M | $119.7M | $333.3M |
| FY 2016 | $52.0M | $49.8M | $51.8M | $144.1M | $322.3M | $43.1M | -$7.1M | $94.9M | $227.4M |
| FY 2015 | $40.7M | $38.8M | $66.2M | $109.7M | $273.5M | $67.9M | $39.8M | $108.1M | $165.4M |
| FY 2014 | $40.9M | $32.6M | $33.8M | $64.8M | $183.7M | $29.9M | -$2.3M | $68.7M | $115.0M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 30.0% | -12.0% | -8.4% | 2.6x | 1.9x | -5.2% | -4.7% | 4.5x | -132.1x | -16.9% | 18.8% | 241d |
| FY 2024 | 24.8% | -28.4% | -74.9% | 1.8x | 1.3x | -81.5% | -16.9% | 6.6x | -10.4x | -7.4% | 22.0% | 138d |
| FY 2023 | 27.1% | -19.0% | -25.8% | 1.8x | 1.2x | -26.1% | -12.3% | 3.2x | -26.5x | -2.9% | 16.5% | 152d |
| FY 2022 | 15.1% | -26.5% | -29.8% | 1.3x | 0.7x | -36.0% | -17.3% | 0.8x | -5.0x | -34.7% | 16.3% | 162d |
| FY 2021 | 17.8% | -26.8% | -25.6% | 1.8x | 0.9x | -21.3% | -14.0% | 1.2x | -10.9x | -16.1% | 19.5% | 219d |
| FY 2020 | 21.5% | -20.8% | -24.9% | 2.0x | 1.0x | -21.0% | -11.3% | 1.3x | -14.3x | -34.2% | 18.5% | 228d |
| FY 2019 | 24.2% | -25.5% | -34.6% | 2.1x | 1.2x | -24.1% | -11.7% | 1.7x | -14.6x | -14.3% | 22.7% | 198d |
| FY 2018 | 32.8% | -4.0% | -0.8% | 2.5x | 1.3x | -0.7% | -0.6% | 1.3x | 16.0x | -20.9% | 18.7% | 170d |
| FY 2017 | 43.5% | 22.7% | 19.3% | 3.2x | 2.2x | 22.2% | 19.9% | 1.8x | 6.5x | 1.9% | 9.2% | 111d |
| FY 2016 | 33.4% | 8.8% | 12.0% | 2.6x | 1.8x | 13.7% | 8.5% | 1.5x | 10.7x | 1.8% | 12.2% | 102d |
| FY 2015 | 31.8% | 7.1% | 5.7% | 2.1x | 1.2x | 6.5% | 5.6% | 1.6x | 14.3x | -27.1% | 11.0% | 180d |
| FY 2014 | 33.9% | 3.9% | 3.3% | 2.3x | 1.6x | 3.7% | 3.4% | 1.2x | 14.4x | -23.2% | 12.2% | 104d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +82.8% | +121.5% | +55.6% | +23.0% | +79.5% | +85.8% | -213.1% | -312.7% | +220.4% | +107.8% | +113.6% | -12.3% |
| FY 2024 | +14.6% | +4.9% | +52.8% | -71.5% | -233.2% | -157.1% | -541.8% | -349.0% | +48.6% | +38.0% | +40.6% | +57.6% |
| FY 2023 | -2.3% | +75.2% | -0.7% | +29.9% | +15.6% | +26.5% | +3.6% | -128.2% | +83.8% | -19.8% | -4.7% | -22.2% |
| FY 2022 | +5.3% | -10.8% | -12.1% | -3.9% | -22.6% | -18.4% | +18.1% | +60.3% | -28.8% | -13.9% | -10.2% | +3.8% |
| FY 2021 | -9.8% | -25.4% | -5.0% | -16.2% | +7.3% | +24.7% | +64.9% | +45.5% | -20.2% | -16.2% | -5.5% | -3.2% |
| FY 2020 | +22.9% | +9.4% | -0.0% | -0.2% | +11.5% | +19.3% | -87.7% | +39.1% | -27.6% | +29.8% | +3.0% | +8.8% |
| FY 2019 | -28.6% | -47.4% | -13.0% | -352.7% | -2977.8% | -2909.1% | +46.4% | +58.4% | +7.8% | -8.8% | -0.0% | +60.8% |
| FY 2018 | -30.0% | -47.2% | +41.1% | -112.4% | -102.9% | -102.8% | -553.3% | -9.8% | -32.9% | +23.1% | +3.1% | +78.7% |
| FY 2017 | +46.6% | +91.2% | +11.3% | +277.7% | +136.8% | +112.6% | +96.0% | -40.7% | +59.6% | +46.2% | +40.5% | +14.9% |
| FY 2016 | +37.3% | +43.8% | +52.4% | +71.2% | +189.4% | +163.8% | +109.8% | +13.2% | +27.8% | -21.8% | +17.9% | -36.5% |
| FY 2015 | +45.6% | +36.6% | +30.6% | +161.8% | +152.0% | +130.0% | -95.5% | -29.4% | -0.5% | +96.1% | +48.9% | +127.0% |
| FY 2014 | +66.3% | +92.1% | +87.6% | +1773.6% | +404.6% | +314.3% | -128.7% | -357.4% | +36.4% | +72.3% | +65.4% | +5.1% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $454.5M
CATV$245.1M · 53.9%
Data Center$195.7M · 43.0%
Telecom$13.7M · 3.0%
Latest geography mixFY 2025 · $455.7M
CHINA$262.1M · 57.5%
TAIWAN$174.2M · 38.2%
UNITED STATES$19.4M · 4.3%
Product revenue annual
| Period | Total | Data Center | CATV | Internet Data Center | Internet data center | Telecom | Cable Television | CATV markets | Cable Tv Broadband | Telecom Market | FTTH markets | Product and Service, Other | Other markets | Fiber To The Home | Product And Service Other | FTTH | Fiber To Home |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $454.5M | $195.7M | $245.1M | -- | -- | $13.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2024 | $249.4M | $148.5M | $87.7M | -- | -- | $11.0M | -- | -- | -- | -- | -- | $2.1M | -- | -- | -- | $3,000 | -- |
| FY 2023 | $217.6M | $141.2M | $59.9M | -- | -- | $13.8M | -- | -- | -- | -- | -- | $2.6M | -- | -- | -- | $56,000 | -- |
| FY 2022 | $222.8M | $77.1M | $118.2M | -- | -- | $24.7M | -- | -- | -- | -- | -- | $2.7M | -- | -- | -- | $129,000 | -- |
| FY 2021 | $211.6M | $97.5M | $94.3M | -- | -- | $16.2M | -- | -- | -- | -- | -- | $2.6M | -- | -- | -- | $957,000 | -- |
| FY 2020 | $234.6M | $173.4M | $37.9M | -- | -- | $21.1M | -- | -- | -- | -- | -- | $2.0M | -- | -- | -- | $110,000 | -- |
| FY 2019 | $190.9M | $143.6M | $37.3M | -- | -- | $8.4M | -- | -- | -- | -- | -- | $1.4M | -- | -- | -- | $190,000 | -- |
| FY 2018 | $267.5M | $200.2M | -- | -- | -- | $13.2M | -- | -- | $51.7M | -- | -- | -- | -- | -- | $1.6M | -- | $818,000 |
| FY 2017 | $380.9M | -- | -- | $306.7M | -- | -- | $60.8M | -- | -- | $12.9M | -- | -- | -- | $500,000 | -- | -- | -- |
| FY 2016 | $259.4M | -- | -- | $201.3M | -- | -- | $43.6M | -- | -- | $12.9M | -- | -- | -- | $1.6M | -- | -- | -- |
| FY 2015 | $189.9M | -- | -- | -- | $123.2M | -- | -- | $53.7M | -- | -- | $2.5M | -- | $10.5M | -- | -- | -- | -- |
| FY 2014 | $126.0M | -- | -- | -- | $64.5M | -- | -- | $47.4M | -- | -- | $13.6M | -- | $500,000 | -- | -- | -- | -- |
Geography revenue annual
| Period | Total | CHINA | TAIWAN | T | TAIWAN, PROVINCE OF CHINA | C | UNITED STATES | United States | Taiwan | U | China |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $455.7M | $262.1M | $174.2M | -- | -- | -- | $19.4M | -- | -- | -- | -- |
| FY 2024 | $249.4M | $111.8M | $126.6M | -- | -- | -- | $10.9M | -- | -- | -- | -- |
| FY 2023 | $217.6M | $43.3M | $143.5M | -- | -- | -- | $30.8M | -- | -- | -- | -- |
| FY 2022 | $222.8M | $51.3M | $164.1M | -- | -- | -- | $7.4M | -- | -- | -- | -- |
| FY 2021 | $211.6M | $97.7M | -- | -- | $99.2M | -- | $14.6M | -- | -- | -- | -- |
| FY 2020 | $234.6M | $85.2M | -- | -- | $131.1M | -- | $18.4M | -- | -- | -- | -- |
| FY 2019 | $190.9M | $83.3M | -- | -- | $97.8M | -- | $9.8M | -- | -- | -- | -- |
| FY 2018 | $267.5M | -- | -- | $113.5M | -- | $143.1M | -- | -- | -- | $10.8M | -- |
| FY 2017 | $382.3M | -- | -- | $241.8M | -- | $122.3M | -- | -- | -- | $18.2M | -- |
| FY 2016 | $260.7M | -- | -- | $161.6M | -- | $81.1M | -- | -- | -- | $18.0M | -- |
| FY 2015 | $189.9M | -- | -- | -- | $115.3M | -- | -- | $54.0M | -- | -- | $20.6M |
| FY 2014 | $130.4M | -- | -- | -- | -- | -- | -- | $30.7M | $77.7M | -- | $22.0M |
Transcripts52 on file
Transcripts
Events
Events
Next earnings
2026-11-05EPS est $0.14
Latest news