Applied Optoelectronics, Inc. (AAOI) Stock Price & Analysis
Applied Optoelectronics, Inc. (AAOI) closed at USD 68.07 on Thursday, October 22, 2026, down 11.96% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 68.07; the Oct 22, 2026 session ranged USD 66.3–73.15 on volume of 14,072,721 shares. Market capitalization is —, with a 52-week range of USD 18.5–233.67 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AAOI.md
Key facts (AAOI)
- Last four reported quarters (through Jun 30, 2026): revenue $596M, net income -$57.0M (-9.6% margin) (SEC filings).
- 2 of 80 tracked superinvestors hold AAOI (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Total return with dividends: 1Y +116.8% vs S&P 500 +14.9%; 5Y +807.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.14, revenue estimate $268M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AAOI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $212M | $223M | $218M | $249M | $456M | $596M |
| Gross profit | $37.7M | $33.6M | $58.9M | $61.8M | $137M | — |
| Operating income | -$56.8M | -$59.0M | -$41.3M | -$70.9M | -$54.6M | -$67.4M |
| Net income | -$54.2M | -$66.4M | -$56.0M | -$187M | -$38.2M | -$57.0M |
| EPS (diluted) | -$2.01 | -$2.38 | -$1.75 | -$4.50 | -$0.64 | — |
| Free cash flow | -$19.6M | -$17.2M | -$17.0M | -$113M | -$354M | — |
| Gross margin | 17.8% | 15.1% | 27.1% | 24.8% | 30.0% | — |
| Operating margin | -26.8% | -26.5% | -19.0% | -28.4% | -12.0% | -11.3% |
| Net margin | -25.6% | -29.8% | -25.8% | -74.9% | -8.4% | -9.6% |
| Revenue growth | -9.8% | +5.3% | -2.3% | +14.6% | +82.8% | — |
| Cash + short-term investments | $34.7M | $24.7M | $45.4M | $67.4M | $206M | — |
| Total debt | $54.7M | $57.1M | $23.2M | $26.7M | $34.0M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AAOI)
Superinvestors (SEC 13F-HR, Q2 2026) (AAOI)
2 of 80 tracked investors hold AAOI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.02% | $2.9M | Added +29.2% |
| Lee Ainslie | Maverick Capital | 0.01% | $620K | Reduced -74.1% |
Analysts (AAOI)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | B. Riley Securities | Target lowered | Neutral | $109 → $92 |
| 2026-08-07 | Rosenblatt | Maintained | Buy | $220 |
| 2026-08-07 | Needham | Target lowered | Buy | $220 → $190 |
| 2026-07-22 | Needham | Target lowered | Buy | $260 → $220 |
Total return (dividends reinvested) (AAOI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +116.8% | +807.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +117.4% | +55.3% |
| Volatility (annualized) | 138.7% | 107.2% |
| Max drawdown | -69.5% (May 2026→Oct 2026) | -79.6% (Oct 2021→Jun 2022) |
AAOI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Data Center | $107.7M | 56.1% | +140.4% |
| CATV | $80.6M | 42.0% | +43.8% |
| Telecom | $3.4M | 1.8% | +75.8% |
| Product & Service Other | $271,000 | 0.1% | +34.2% |
| Total revenue | $191.9M | 100% | — |
AAOI revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Taiwan | $108.4M | 56.5% | +174.5% |
| China | $82.2M | 42.8% | +31.1% |
| United States | $1.3M | 0.7% | +66.7% |
| Total revenue | $191.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AAOI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Microsoft (MSFT) | “In 2025, our key customer in the internet data center market was Microsoft.” |
| Customer | Amazon (AMZN) | “On March 13, 2025, the Company issued a warrant (the "Customer Warrant") to a wholly-owned subsidiary of Amazon.com, Inc. to purchase up to an aggregate of 7,945,399 shares of the Company's common stock ("Warrant Shares") at an exercise price of $23.6956 per share.” |
| Competitor | Intel (INTC) | “Our major competitors in one or more of our markets include Coherent Corporation, Eoptolink Technology Inc., Ltd., Foxconn Interconnect Technology Ltd., InnoLight Technology (Suzhou) Ltd., Intel Corporation, Lumentum Holdings, Inc., Mitsubishi, Molex, LLC, Source Photonics, Inc. and Sumitomo Electric Industries, Ltd.” |
| Competitor | Lumentum (LITE) | “Our major competitors in one or more of our markets include Coherent Corporation, Eoptolink Technology Inc., Ltd., Foxconn Interconnect Technology Ltd., InnoLight Technology (Suzhou) Ltd., Intel Corporation, Lumentum Holdings, Inc., Mitsubishi, Molex, LLC, Source Photonics, Inc. and Sumitomo Electric Industries, Ltd.” |
Quoted from the company's 10-K filed Feb 26, 2026.
AAOI customer concentration
In the period ended Jun 30, 2026, 3 direct customers each accounted for at least 10% (42%, 26%, 24%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
AAOI company outlook (results filed Aug 6, 2026)
- “Business Outlook (+) For third quarter of 2026, the company currently expects: ·”
- “Conference Call Information The company will host a conference call and webcast for analysts and investors today, August 6, 2026 to discuss its second quarter 2026 financial results and outlook for its third quarter 2026 at 4:30 p.m.”
Quoted word-for-word from the SEC 8-K results press release.
AAOI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.14 | $0.28 | -48.5% | $268.1M | 6 |
| Next quarter (ends Dec 2026) | $0.56 | $0.67 | -17.2% | $427.3M | 6 |
| Current fiscal year (ends Dec 2026) | $0.68 | $0.89 | -23.5% | $1.04B | 6 |
| Next fiscal year (ends Dec 2027) | $4.60 | $4.77 | -3.6% | $2.66B | 5 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 68.07 |
|---|---|
| Change | ▼ 11.96% (down) |
| Previous Close | USD 68.07 |
| Open | USD 68.07 |
| Day Range | USD 66.3 – 73.15 |
| 52-Week Range | USD 18.5 – 233.67 |
| Volume | 14,072,721 shares |
| Market Cap | — |
| Exchange | NGM |
Technical Analysis (AAOI)
Nexqual's technical model rates AAOI "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.23 (neutral) |
| vs SMA50 | Below (USD 106.18) |
| MACD | -9.2 (negative) |
Earnings (AAOI)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.14 |
| Revenue Estimate | $268.11M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.06 vs est 0.02 ▲ beat |
| 2026-03-31 | USD -0.07 vs est -0.05 ▼ miss |
| 2025-12-31 | USD -0.01 vs est -0.11 ▲ beat |
| 2025-09-30 | USD -0.09 vs est -0.09 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (AAOI)
| Total Revenue | $595.97M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +86.40% |
| Gross Margin | +28.92% |
| Operating Margin | -12.88% |
| Profit Margin | -9.57% |
| ROE | -5.45% |
| Debt / Equity | 0.18 |
| Current Ratio | 2.78 |
| Total Cash | $499.74M |
| Total Debt | $300.14M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (AAOI)
| Insider Ownership | +9.78% |
|---|---|
| Institutional Ownership | +63.81% |
| Shares Outstanding | 84.91M |
| Float | 80.86M |
| Short % of Float | +16.92% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (AAOI)
Applied Optoelectronics, Inc. is led by Chih-Hsiang Lin, Founder, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 09:22 UTC.
| Founder, Chairman, President & CEO | Chih-Hsiang Lin |
|---|---|
| CFO & Chief Strategy Officer | Stefan J. Murry |
Major Backers & Investors (AAOI)
Notable institutional backers of Applied Optoelectronics, Inc. include Invesco, Marex Group Ltd., AIM Sector Funds (Invesco Sector Funds)-Invesco Small Cap Value Fund, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 4.04% |
| Marex Group Ltd. | 3.35% |
| AIM Sector Funds (Invesco Sector Funds)-Invesco Small Cap Value Fund | 2.92% |
| UBS Group AG | 2.5% |
| Oberweis Asset Management Inc. | 2.12% |
| OBERWEIS FUNDS-Oberweis Small-Cap Opportunities Fund | 1.9% |
| Value Aligned Research Advisors, LLC | 1.89% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.63% |
| Vanguard Group | 7.12% |
| Geode Capital | 1.98% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Applied Optoelectronics, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Applied Optoelectronics, Inc. (the "Company" or "AOI") is a leading, vertically integrated provider of fiber-optic networking products, primarily for four networking end-markets: internet data center, cable television ("CATV"), telecommunications, ("telecom"), and fiber-to-the-home ("FTTH").
- Our vertically integrated manufacturing model provides us several advantages, including rapid product development, fast response times to customer requests and greater control over product quality and manufacturing costs.
- By addressing the challenges in our target markets, we provide the following benefits to our customers: Our key competitive strengths include the following: We seek to be the leading global provider of optical components, modules and equipment for each of our four target markets: internet data centers, CATV, telecom and FTTH.
- While we expect our intellectual property to provide competitive advantages, we also find meaningful value from unpatented proprietary process knowledge, know-how and trade secrets.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to governmental export and import controls that could subject us to liability or impair our ability to compete in international markets.
- New policy priorities may modify our import risks footprint affecting the flow of our products into the U.S.
- Our business could be negatively impacted as a result of shareholder activism.
- The unfavorable outcome of any pending or future litigation or administrative action and expenses incurred in connection with litigation could result in financial losses or harm to our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt