AAOI Stock — Applied Optoelectronics, Inc.

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Next earnings call

Nov 5, 2026 Est · unconfirmed · in 5 wks

Latest filing: 10-Q

filed Aug 6, 2026

Q2 2026 earnings call transcript

call held Aug 6, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$595.97M

Trailing 12 months

Net income (TTM)

−$57.02M

Trailing 12 months

Revenue growth YoY

+86.4%

Year over year

Operating margin

-11.3%

Trailing 12 months

P / E (TTM)

—

Trailing earnings

FCF yield

—

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+43.7%

Year over year · more shares

Price change (1Y)

+277.6%

Trailing year

Short interest

14.6%

Latest settlement · 2.0 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Aug 6, 2026

Q2 FY26

TL;DR. AOI delivered a record fifth consecutive quarter of revenue at $191.9M and returned to non-GAAP profitability, with 800G ramp accelerating. The company reiterated ~$1.1B 2026 revenue and issued Q3 guidance of $255–$290M revenue and $0.11–$0.26 non-GAAP EPS, though a memory-related 100G switch shortage is expected to pressure near-term results.

Bullish

+ 800G revenue of $12.8M more than doubled sequentially and expected to grow ~5x sequentially in Q3
+ CATV revenue hit record $80.6M, up 43.8% YoY, with Q3 outlook of $100–$110M
+ Capacity scaling to ~650,000 800G/1.6T units/month by year-end and ~930,000 by end of 2027
+ Q3 guidance of $255–$290M revenue and $0.11–$0.26 non-GAAP EPS, implying ~130% YoY growth at midpoint

Bearish

− GAAP net loss widened to $22.8M vs. $9.1M loss in Q2 2025
− Expected 100G revenue decline of $20–$25M in Q3 due to memory-related switch shortage
− Q3 non-GAAP gross margin guide of 29–30.5% essentially flat despite higher mix shift
− Customer concentration: top 10 customers = 99% of revenue, top 3 at 42%, 26%, 24%
− OPEX of $67.6M (35% of revenue) higher than expected due to elevated R&D and shipping costs
− Heavy capex and $565.5M Q2 capital investments driving elevated inventory to $278.8M

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Buy Momentum Neutral Sentiment Bearish Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 15.3 · calm Equity put/call 0.58

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +6%

above

Price vs 50-day avg +4%

above

RSI (14) 58

neutral

MACD trend Positive

52-week position 47%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Neutral

1-month return +15%

trailing

6-month return −25%

trailing

YTD return +232%

this year

Relative strength −37%

vs S&P · 6-mo

Sentiment

smart money

Bearish

Trend (MA cross) No cross

50d $111 › 200d $109 — 50d above 200d

Institutional flow Distributing

3 of 492 funds reported for Sep 30 · net -3.3K sh shares · +1 new

Insider flow Distributing

Net -$3.5M over 90 days · 100% sells

Short interest Rising

14.55% of float · ▲ +1.8% MoM · 2.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

492 holders — near 3-yr high, broad support

Squeeze score 69

elevated · 0–100

Fundamentals

Excellent

Revenue growth +83%

Y/Y

Gross margin 30%

expanding

EPS growth +86%

Y/Y

Free cash flow $-353.6M

Balance sheet $6.1M

net cash

Quant / Vol

risk profile

Very High

Volatility 146%

annualized · 1-yr

Max drawdown −66%

past year

ATR 7.4%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 6 of last 8

Latest guidance · from the 8-K filed Aug 6, 2026

Revenue · third quarter of 2026 Initiated $255M – $290M

prior qtr $191.92M midpoint +42.0% QoQ

Non-GAAP net income · third quarter of 2026 Non-GAAP Initiated $10.1M – $24M

Non-GAAP income per share · third quarter of 2026 Non-GAAP Initiated $0.11 – $0.26

Guided vs delivered · last 8 settled

Revenue third quarter of 2024

guided $60M – $66M

guided $60M – $66M $65.15M In line

Revenue second quarter of 2024

guided $41.5M – $46.5M

guided $41.5M – $46.5M $43.27M In line

Revenue first quarter of 2024

guided $41M – $46M

guided $41M – $46M $40.67M Miss −6.5%

Revenue fourth quarter of 2023

guided $63M – $67M

guided $63M – $67M $60.45M Miss −7.0%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

0 · 4 · 3

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+6% Bullish

Price vs 50-day avg

+4% Bullish

RSI (14)

58 Neutral

MACD trend

Positive Bullish

52-week position

47% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 3 of 6

Trend (MA cross) No cross

50d $111 › 200d $109 — 50d above 200d

Institutional flow Distributing

3 of 492 funds reported for Sep 30 · net -3.3K sh shares · +1 new

Insider flow Distributing

Net -$3.5M over 90 days · 100% sells

Short interest Rising

14.55% of float · ▲ +1.8% MoM · 2.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

492 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $19 Now $116 · 47% Range high $223

vs 200-day avg +6% vs 50-day avg +4%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
top ten customers as % of revenue	99%	the three months ended June 30, 2026 filing	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Communication Equipment — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
AAOI Applied Optoelectronics, Inc. this stock	$8.26B	+231.6%	+82.8%	—	14.6%
CSCO Cisco Systems, Inc.	$427.06B	+45.7%	+2.8%	32.5	1.5%
LITE Lumentum Holdings Inc.	$84.47B	+194.5%	+24.6%	—	7.3%
HPE Hewlett Packard Enterprise Co	$83.55B	+188.6%	+13.8%	32.4	4.2%
MSI Motorola Solutions, Inc.	$75.61B	+16.7%	+5.7%	36.0	1.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

492

% held: 83.2%
Reported: 3 of 492
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

321

View

Short & Settlement

Short Interest Rising

Shares short

12.3M

Days to cover: 2.0d
Change: +220.5K sh

View

Short Volume

Short vol %

61%

As of: Oct 2, 2026

Short Total

View

Fails to Deliver

FTD shares

708

Value: $74.6K
As of: Sep 14, 2026

View

Off-Exchange

Off-exchange %

47.7%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$3.5M

Buyers / Sellers: 0 / 1

Buyers Sellers

View

Financials

Revenue (FY)

$455.7M

Net income (FY): $-38.2M
EPS diluted: $-0.64

View

Filings

SEC Filings

Latest

8-K

Filed: Sep 15, 2026
This year: 25

View

Proposed Sales

Value

$421.3K

Shares: 4.0K
Filed: Sep 10, 2026

View

Earnings & Events

Webcasts

Last webcast

Aug 6, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
AAOI	+14.0%	+15.2%	-24.5%	+16.5%	+231.6%
SPY	-0.2%	-0.5%	+12.2%	+0.9%	+12.9%
vs SPY	+14.2%	+15.6%	-36.7%	+15.5%	+218.7%

AAOI · Applied Optoelectronics, Inc.

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance