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AAOI Stock Chart & Stats
$159.42
-$0.33(-1.00%)
At close: 4:00 PM EST
$159.42
-$0.33(-1.00%)
Day’s Range― - ―
52-Week Range$18.50 - $233.67
Previous CloseN/A
Volume748.77K
Average Volume (3M)12.91M
Market Cap
$9.18B
Enterprise Value$13.15B
Total Cash (Recent Filing)$449.38M
Total Debt (Recent Filing)$173.67M
Price to Earnings (P/E)―
Beta3.20
Next Earnings
Jul 30, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.66
Shares Outstanding80,242,770
10 Day Avg. Volume10,594,229
30 Day Avg. Volume12,907,306
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)2.86
Price to Sales (P/S)4.60
P/FCF Ratio-5.93
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue25.94
Enterprise Value/Gross Profit87.51
Enterprise Value/Ebitda-792.82
Forecast
1Y Price Target
$151.30Price Target Upside-5.09% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.03
Revenue Forecast (FY)$1.04B
Bulls Say, Bears Say
Bulls Say
Revenue Growth & Margin ImprovementStrong top-line growth and improving gross margins create durable operating leverage: TTM revenue rose to ~$507M with gross margin near 29.6%, reflecting better pricing/mix and cost management. Sustained revenue momentum supports scale benefits and margin expansion as volumes rise over months.
Large Capacity Expansion RoadmapAmbitious capacity roadmap (target >650k/month 800G/1.6T by end‑2026, >930k/month by end‑2027) materially increases addressable production for data‑center optics. If executed, this expands supply capability, reduces per‑unit costs, and supports large, repeat hyperscaler contracts over multiple years.
Vertical Integration: In‑house Laser & Cleanroom BuildIn‑house laser fabrication expansion (~350% by 2027) plus a new 195k sqft cleanroom (FAB4) strengthens vertical integration and supply security for photonics. Owning critical laser capacity reduces vendor risk, shortens qualification cycles long‑term, and can create cost and timing advantages versus contract manufacturers.
Bears Say
Severe Cash BurnPersistent negative operating cash flow (TTM -$209M) and free cash flow (-$239M) mean the company consumes capital while scaling. This structural cash burn pressures liquidity and forces ongoing external financing or equity dilution until sustained positive operating cash flow and free cash flow are achieved.
High Customer ConcentrationExtremely concentrated revenue base (top 10 customers = 98%; one CATV customer ~44%) creates brittle demand exposure: loss or slowdown at a single major customer could sharply reduce revenue, hinder capacity planning, and amplify working capital swings over a multi‑quarter horizon.
Execution & Timing Risk From Long Lead TimesRamp depends on heavy ongoing CapEx, long equipment leadtimes (laser tools 18–24+ months) and multi‑month qualification cycles. These structural execution lags raise risk that supply won't meet demand in time, causing delayed revenue, higher unit costs, and potential margin pressure across multiple quarters.
AAOI FAQ
What was Applied Optoelectronics Inc’s price range in the past 12 months?
Applied Optoelectronics Inc lowest stock price was $18.50 and its highest was $233.67 in the past 12 months.
What is Applied Optoelectronics Inc’s market cap?
Applied Optoelectronics Inc’s market cap is $9.18B.
When is Applied Optoelectronics Inc’s upcoming earnings report date?
Applied Optoelectronics Inc’s upcoming earnings report date is Jul 30, 2026 which is in 21 days.
How were Applied Optoelectronics Inc’s earnings last quarter?
Applied Optoelectronics Inc released its earnings results on May 07, 2026. The company reported -$0.07 earnings per share for the quarter, missing the consensus estimate of -$0.049 by -$0.021.
Is Applied Optoelectronics Inc overvalued?
According to Wall Street analysts Applied Optoelectronics Inc’s price is currently Overvalued.
Does Applied Optoelectronics Inc pay dividends?
Applied Optoelectronics Inc does not currently pay dividends.
What is Applied Optoelectronics Inc’s EPS estimate?
Applied Optoelectronics Inc’s EPS estimate is 0.02.
How many shares outstanding does Applied Optoelectronics Inc have?
Applied Optoelectronics Inc has 80,242,770 shares outstanding.
What happened to Applied Optoelectronics Inc’s price movement after its last earnings report?
Applied Optoelectronics Inc reported an EPS of -$0.07 in its last earnings report, missing expectations of -$0.049. Following the earnings report the stock price went down -5.465%.
Which hedge fund is a major shareholder of Applied Optoelectronics Inc?
Currently, no hedge funds are holding shares in AAOI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Applied Optoelectronics Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$151.30 (-5.09% Downside)
$151.30 (-5.09% Downside)
Blogger Sentiment
Bullish
AAOI Sentiment 70%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 213.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $142.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 17.4%
Last 30 Days ▲ 17.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
325.74%
12-Months-Change
Fundamentals
Return on Equity
-6.14%
Trailing 12-Months
Asset Growth
142.90%
Trailing 12-Months
Company Description
Applied Optoelectronics Inc
Applied Optoelectronics, Inc. (AAOI) is a global technology firm specializing in the creation, production, and distribution of fiber-optic networking solutions. Its extensive product catalog features optical modules, a range of laser components, subassemblies, transceivers, and complete turn-key systems. The company also supplies critical infrastructure hardware such as headend, node, and distribution equipment. AAOI caters to a varied clientele, including internet data center operators, manufacturers of cable television and telecommunications equipment, and internet service providers, utilizing both direct and partner-based sales channels. Founded in 1997, Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas.
AAOI Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive and growth-oriented outlook driven by record revenue, significant YoY data center expansion (154% YoY), early volume shipments/orders for next-generation 800G and 1.6T products, large capacity expansion plans, and a materially stronger cash position. Management upgraded 2026 revenue to >$1.1B and expects >$140M non-GAAP operating income, reflecting confidence in demand. Offsetting factors include ongoing non-GAAP and GAAP losses in Q1, lower near-term gross margins (29.2%), high customer concentration, capacity constraints that limit the near-term ability to meet demand, heavy CapEx and inventory build, and operational/qualification timing risks tied to long equipment lead times. Overall, the positive operational momentum, bookings, and upgraded guidance outweigh the execution and timing risks described on the call.View all AAOI earnings summariesAAOI Stock 12 Month Forecast
Average Price Target
$151.30
▼(-5.09% Downside)
Technical Analysis
Ownership Overview
5.30% Insiders
17.79% Mutual Funds
0.30% Other Institutional Investors
65.06% Public Companies and Individual Investors











