Stock AnalizApplied Optoelectronics, Inc. AAOI
Semiconductors · IPO 2013 · data as of November 13, 2026
Applied Optoelectronics, Inc. (AAOI) is a technology company listed in the US with a market value of about $4.5B. In the twelve months to September 30, 2026 it had revenue of $747M and net income of -$33M, a net margin of -4.4%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is future growth (4/5); the weakest is value (0/5).
Key numbers: 5-year revenue growth of 14% a year, a 5-year average ROIC of -15%.
Score: 1.6 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- More cash than debt, or low debt to equity
- Liabilities below 60% of assets
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $747M | $456M | $249M | $218M | $223M | $212M | $235M | $191M | $267M | $382M | $261M |
| Net income | -$33M | -$38M | -$187M | -$56M | -$66M | -$54M | -$58M | -$66M | -$2M | $74M | $31M |
| Free cash flow | -$884M | -$354M | -$113M | -$17M | -$17M | -$20M | -$60M | -$31M | -$58M | $17M | $8M |
| EPS (diluted) | $-0.37 | $-0.64 | $-4.50 | $-1.75 | $-2.38 | $-2.01 | $-2.67 | $-3.31 | $-0.11 | $3.67 | $1.76 |
| Net margin | -4.4% | -8.4% | -74.9% | -25.8% | -29.8% | -25.6% | -24.9% | -34.6% | -0.8% | 19.3% | 12.0% |
| ROIC | — | -5.5% | -21.0% | -13.4% | -18.8% | -14.1% | -11.4% | -11.6% | -2.0% | 19.9% | 6.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $109.00, 118% above the current price; targets range from $45.00 to $165.00; the consensus rating is “Buy”; expected EPS is $0.69 for the fiscal year ending December 31, 2026.
Frequently asked questions
Does Applied Optoelectronics pay a dividend?
Not currently.
Is Applied Optoelectronics a good stock to buy?
We do not give buy or sell advice. Applied Optoelectronics scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.