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Applied Optoelectronics
(NASDAQ:AAOI)
Applied Optoelectronics (AAOI) vs. SPDR S&P 500 ETF (SPY)
Applied Optoelectronics Business Overview & Revenue Model
Applied Optoelectronics Earnings Call Summary
Applied Optoelectronics Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 368.23M | 249.37M | 217.65M | 222.82M | 211.56M | 234.62M |
| Gross Profit | 106.35M | 61.80M | 58.92M | 33.63M | 37.72M | 50.54M |
| EBITDA | -127.80M | -159.26M | -26.18M | -36.88M | -23.17M | -20.86M |
| Net Income | -155.72M | -186.73M | -56.05M | -66.40M | -54.16M | -58.45M |
Balance Sheet | ||||||
| Total Assets | 796.85M | 547.03M | 389.19M | 408.26M | 454.46M | 480.81M |
| Cash, Cash Equivalents and Short-Term Investments | 64.70M | 67.43M | 45.37M | 24.68M | 34.66M | 43.42M |
| Total Debt | 211.22M | 190.86M | 121.07M | 155.53M | 149.90M | 154.92M |
| Total Liabilities | 371.87M | 317.92M | 174.32M | 223.59M | 199.89M | 202.91M |
| Stockholders Equity | 424.98M | 229.11M | 214.87M | 184.67M | 254.57M | 277.89M |
Cash Flow | ||||||
| Free Cash Flow | -243.95M | -112.93M | -17.60M | -18.26M | -22.30M | -63.57M |
| Operating Cash Flow | -155.44M | -69.53M | -7.93M | -14.02M | -11.64M | -44.01M |
| Investing Cash Flow | -113.73M | -50.70M | -14.76M | -3.83M | -10.55M | -19.35M |
| Financing Cash Flow | 335.07M | 142.18M | 40.58M | 10.75M | 14.09M | 47.44M |
Applied Optoelectronics Technical Analysis
Applied Optoelectronics Risk Analysis
Applied Optoelectronics Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $2.68B | 25.31 | 12.32% | ― | 17.53% | 27.74% | |
| ― | $1.62B | 21.68 | 8.64% | 3.98% | -2.16% | -2.77% | |
| ― | $1.76B | 28.91 | 7.83% | ― | -0.19% | -28.72% | |
| ― | $2.13B | 516.58 | 0.66% | 2.01% | -9.54% | ― | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $2.12B | ― | -50.93% | ― | 77.94% | -75.13% | |
| ― | $1.36B | ― | -35.16% | ― | 7.53% | 22.97% |
Applied Optoelectronics Corporate Events
On September 19, 2025, Applied Optoelectronics, Inc. entered into a lease agreement with Coleman Logistics Assets LLC for a 209,665 square foot space in Sugar Land, Texas, primarily for manufacturing operations. The lease, set for a term of 126 months, includes a construction allowance for improvements and features a base rent that escalates over time. The agreement also grants the company rights such as a right of first refusal for contiguous space and options to renew the lease, potentially impacting its operational capacity and market positioning.
The most recent analyst rating on (AAOI) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.
On September 1, 2025, Applied Optoelectronics‘ subsidiary, Prime World International Holdings Ltd., entered into a 15-year lease agreement for a property in New Taipei City, which includes a building and land. The lease allows for modifications to accommodate production needs and includes rights such as first refusal for purchase and renewal, ensuring strategic flexibility and operational stability for the company.
The most recent analyst rating on (AAOI) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.
On August 27, 2025, Applied Optoelectronics, Inc. entered into an Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC, allowing the company to issue and sell up to $150 million worth of common stock through these sales agents. This agreement facilitates ‘at the market’ offerings, providing flexibility for the company to raise capital as needed, while also detailing compensation and reimbursement terms for the sales agents. The agreement can be terminated by either party and includes indemnification clauses for the sales agents.
The most recent analyst rating on (AAOI) stock is a Hold with a $22.50 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.
On August 20, 2025, Prime World International Holdings Ltd., a subsidiary of Applied Optoelectronics, Inc., agreed to terminate its lease with San Ho Electric Machinery Industry Co., Ltd., effective August 31, 2025. As part of the termination, Prime World will pay NT$9,400,000 to settle all obligations, ensuring no further claims between the parties, which may impact the company’s operational logistics and financial commitments.
The most recent analyst rating on (AAOI) stock is a Hold with a $22.50 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.
The recent earnings call for Applied Optoelectronics Inc. presented a mixed outlook, characterized by robust year-over-year revenue growth and notable advancements in the datacenter and CATV segments. However, these positive developments were tempered by higher-than-expected losses per share and increased operating expenses.
Applied Optoelectronics, Inc. is a leading developer and manufacturer of advanced optical and Hybrid Fiber-Coax (HFC) networking products, serving key markets such as AI datacenters, CATV, and broadband fiber access networks globally. The company is headquartered in Sugar Land, Texas, with additional facilities in Taiwan and China.
On July 31, 2025, Applied Optoelectronics, Inc. entered into a Loan and Security Agreement with BOK Financial, securing a $35 million revolving line of credit with a potential increase to $75 million under certain conditions. This credit facility is intended to support the company’s general working capital and business operations, with the loan secured by most of the company’s assets, excluding foreign subsidiaries, and requiring adherence to specific financial covenants.
The most recent analyst rating on (AAOI) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.
On July 29, 2025, Global Technology, a subsidiary of Applied Optoelectronics, Inc., secured a five-year revolving credit line agreement worth 250,000,000 RMB with Shanghai Pudong Development Bank in Ningbo City, China. This credit line is intended for general corporate and capital investment purposes, with borrowing conditions and interest rates to be mutually agreed upon. The agreement allows the bank to revoke the credit line unilaterally under certain conditions, and Global Technology’s obligations are secured by real property under a mortgage contract.
The most recent analyst rating on (AAOI) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.
On July 18, 2025, Global Technology, a subsidiary of Applied Optoelectronics, secured an 82,000,000 RMB credit facility with Shanghai Pudong Development Bank to repay loans and for general corporate purposes. By July 23, 2025, Global Technology utilized this facility to clear its debts with China Zheshang Bank, terminating the previous credit line without penalties.
The most recent analyst rating on (AAOI) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Applied Optoelectronics stock, see the AAOI Stock Forecast page.