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Nasdaq · CIK 0001158114 · SEMICONDUCTORS & RELATED DEVICES

Applied Optoelectronics, Inc.

AAOI chart by TradingView
P/E P/B 7.2xP/SALES 20.3xEV/EBITDA FCF YIELD

PRICE HISTORY

LIVE · NASDAQ
AAOI chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$0.5B
EBITDA
$-0.0B
FREE CASH FLOW
$-0.4B
EPS
$-0.64
GROSS MARGIN
30.04%
ROIC
-6.81%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

+93%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
8.9x40.0x

P / SALES (TTM)

20.3x
+1038%
LATEST · Q2 FY26
20.3xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.2x20.3x

P / BOOK

7.2x
+233%
LATEST · Q2 FY26
7.2xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.2x7.2x

EV / EBITDA (TTM)

+170%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
5.5x52.4x

EV / REVENUE (TTM)

19.5x
+906%
LATEST · Q2 FY26
19.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.3x19.5x

FCF YIELD (TTM)

+2.0pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-35.38%3.38%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.2B
+174%
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$-0.0B
-236%
LATEST · Q2 FY26
-0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$-0.0B
-228%
LATEST · Q2 FY26
-0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$-0.28
-129%
LATEST · Q2 FY26
-0.28Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

86.42%
+63.6pp
LATEST · Q2 FY26
86.42%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-50.57%145.52%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-94.5pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-94.99%34.54%

RETURN ON CAPITAL

-4.65%
-13.4pp
LATEST · Q2 FY26
-4.65%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-99.13%31.08%

RETURN ON EQUITY (TTM)

-3.42%
-13.9pp
LATEST · Q2 FY26
-3.42%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-81.50%26.28%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN27.72%
OPERATING MARGIN-12.88%
NET MARGIN-11.87%
FCF MARGIN
61.8712.44-36.99-86.41-135.84GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.1B
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+364%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

+787%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.08B
+344%
LATEST · Q2 FY26
0.08BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.5B
+794%
LATEST · Q2 FY26
0.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$0.1B
-36%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

+128%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.3x9.2x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 63.43%INSIDERS 9.87%OTHER / RETAIL 26.69%572 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.8.96%7.2M$975.5M+35.5%
Vanguard Capital Management LLC3.82%3.1M$415.2MNEW
Oberweis Asset Management Inc.2.93%2.3M$318.7M+15.2%
Jane Street Group, LLC2.84%2.3M$309.1M+35.4%
Shaw D.E. & Co., Inc.2.64%2.1M$287.2M+54.9%
Invesco Ltd.2.51%2.0M$273.2M-42.7%
Vanguard Portfolio Management LLC2.25%1.8M$244.4MNEW
Price (T.Rowe) Associates Inc2.16%1.7M$235.0M-22.3%
State Street Corporation2.05%1.6M$223.0M+2.4%
Geode Capital Management, LLC2.02%1.6M$219.9M+7.2%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.