APPLIED OPTOELECTRONICS, INC.
Historical Data
View all| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Jul 3, 2026 | $11.94 | $12.36 | $11.42 | $11.63 | 5.54M |
| Jul 2, 2026 | $11.95 | $12.02 | $11.83 | $11.94 | 5.31M |
| Jul 1, 2026 | $12.39 | $12.55 | $11.76 | $11.95 | 8.97M |
| Jun 30, 2026 | $12.27 | $12.57 | $12.19 | $12.39 | 4.93M |
| Jun 29, 2026 | $12.67 | $12.83 | $12.14 | $12.27 | 3.93M |
| Jun 28, 2026 | $11.97 | $13.14 | $11.69 | $12.67 | 5.78M |
| Jun 27, 2026 | $12.20 | $12.54 | $11.79 | $11.97 | 4.36M |
| Jun 26, 2026 | $11.87 | $12.42 | $11.70 | $12.20 | 8.57M |
Company Overview
APPLIED OPTOELECTRONICS, INC. operates in the financials space within the Financials sector. The company generates the majority of its revenue from operating momentum, and has built a durable competitive position through scale, brand, and continued reinvestment. It serves customers globally and is headquartered in the United States. Reported figures on this page are generated for demonstration and are not investment advice.
Leadership
Board 13 · Independent 12 of 13| Date | Firm | Target | Rating |
|---|---|---|---|
| Jun 26 | Tigress Financial | $13.52 | Overweight |
| Jun 21 | Barclays | $20.77 | Overweight |
| Jun 17 | Melius Research | $11.17 | Reduce |
| May 10 | Citi | $17.41 | Buy |
| May 10 | Goldman Sachs | $14.25 | Neutral |
| May 8 | Morgan Stanley | $17.14 | Hold |
Politician Trades
View allWhat's Happening Right Now
- Sep 16, 2026 · Guidance ↗ — Ciena's target of 30% revenue growth through 2029 sparked a rally among optical peers including Coherent, Corning, and AAOI.
- Sep 18, 2026 · Growth Outlook ↗ — Seeking Alpha commentary argues AAOI is entering its most important growth phase amid rising optical networking demand.
- Sep 11, 2026 · Industry Comparison ↗ — Analysts are debating whether rising optical networking demand lets AAOI outperform peers Lumentum and Coherent.
- Sep 10, 2026 · Insider Activity ↗ — An AAOI insider sold 32,172 shares at $110.21, adding to a string of insider and institutional trading activity.
- Sep 15, 2026 · Institutional Activity ↗ — California State Teachers Retirement System purchased 15,128 shares of AAOI, reflecting continued institutional interest.
Snapshot
Applied Optoelectronics posted FY2025 revenue of $455.71M, up a sharp 82.8% year-over-year, with gross margin at 30.0%. Despite the strong top-line growth, the company recorded an operating loss of $54.60M and a net loss of $38.23M, with R&D spending of $85.51M representing 19% of revenue. Operating cash flow was deeply negative at -$174.43M, and heavy capital expenditures of $179.15M drove free cash flow to -$353.58M. The balance sheet shows $206.14M in cash against modest total debt of $33.98M.
Bottom Line
AAOI is riding a powerful revenue growth wave tied to optical networking demand, with peers like Ciena, Coherent, and Corning also rallying on bullish industry guidance. However, the company remains unprofitable at both the operating and net level, and its aggressive capital expenditure program has produced substantial cash burn, raising questions about capital needs relative to its $206M cash cushion. The core tradeoff is exposure to a high-growth secular theme versus significant execution and funding risk as losses and negative free cash flow persist.