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Applied Optoelectronics, Inc. (AAOI) stock

AAOINasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/305% below fair value
$49.89−2.96 (-5.60%)

Close on Nov 13, 2026Market cap $4.22BP/E –Yield –

Applied Optoelectronics, Inc. grew revenue 77.2% to $747.22M over the twelve months to Sep 30, 2026. Free cash flow was -$353.58M. At the latest close the market valued the company at $4.22B.

Revenue
$747.22M
+77.2% vs. a year earlier
Operating income
-$50.66M
TTM Q3 2026
Free cash flow
-$353.58M
FY2025
EPS, diluted
-$0.43
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$4.22B
P/E ratio
–
Price to sales
5.65
Price to book
1.88
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$747.22M
Net income
-$32.78M
EPS, diluted
-$0.43
Free cash flow
-$353.58M
Book value per share
$25.52
Diluted shares
88M

Trading

Next earnings
Feb 25, 2027 (estimated, after the close)
Previous close
$52.85
Open
$51.91
Day's range
$47.27 – $53.50
Volume
10,862,080
Average volume (20 days)
13,590,032
Index membership
Russell 1000 (since Jun 2026), Russell 3000 (since Aug 2024)
Beta (5 years)
2.33
52-week range
$18.50 – $233.67
RSI (14 days)
34.4
Volatility (1 year)
146.3%
Relative volume
1.01×
WACC
16.5%

Index membership is inferred from the holdings of funds that track each index (IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2013, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodAAOIS&P 500DifferenceAAOI per yearS&P 500 per year
1 month-49.0%-3.0%−45.9 pts
3 months-61.6%-2.8%−58.9 pts
Year to date+43.1%+11.5%+31.6 pts
1 year+138.6%+13.5%+125.1 pts
3 years+353.5%+77.7%+275.8 pts+65.5%+21.1%
5 years+720.6%+72.6%+647.9 pts+52.3%+11.5%
10 years+99.8%+308.2%−208.4 pts+7.2%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$747.22M+77.2% YoY

Gross profit

$215.22M+74.0% YoY

Operating income

-$50.66M

Net income

-$32.78M

EPS, diluted

-$0.43

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases Applied Optoelectronics filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Applied Optoelectronics

Semiconductors & Related Devices

Applied Optoelectronics, Inc. designs and manufactures vertically integrated fiber-optic networking products spanning optical components, subassemblies, modules, and turn-key equipment. The company develops foundational semiconductor lasers and related technologies for use in high-performance networking applications. Its core solutions include optical transceivers, light engines, transmitters, and cable television amplifiers. Applied Optoelectronics primarily targets four end-markets: internet data centers, cable television (CATV), telecommunications, and fiber-to-the-home (FTTH). Its customer base consists of large hyperscale data center operators, cable multiple system operators, telecommunications service providers, network equipment manufacturers, and third-party transceiver makers.

Company profile, executives and history

Applied Optoelectronics stock: common questions

What is Applied Optoelectronics's stock price?

AAOI closed at $49.89 on Nov 13, 2026, down 5.60% on the day. Over the past 52 weeks it traded between $18.50 and $233.67.

What is Applied Optoelectronics's market cap?

Applied Optoelectronics was worth $4.22B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is AAOI's P/E ratio?

Applied Optoelectronics lost money over the twelve months to Sep 30, 2026 (diluted EPS -$0.43), so it has no meaningful P/E ratio.

How much revenue does Applied Optoelectronics make?

Applied Optoelectronics reported revenue of $747.22M for the twelve months to Sep 30, 2026, up 77.2% from a year earlier.

Does Applied Optoelectronics pay a dividend?

No. Applied Optoelectronics has not paid a cash dividend over the last twelve months.

When does Applied Optoelectronics report earnings next?

Applied Optoelectronics is expected to report Q4 FY2026 results on Feb 25, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has AAOI stock performed over the past year?

Including dividends, AAOI returned +138.6% over the past year, against +13.5% for the S&P 500.

How many AAOI shares are sold short?

18M shares were sold short at the latest FINRA report, 22.42% of the float, or 1.6 days of average trading volume.

Who are Applied Optoelectronics's competitors?

Companies most similar to Applied Optoelectronics by business, industry and size include IPGP, AOSL, MTSI, MXL, FORM.

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