Applied Optoelectronics, Inc.

AAOI Technology Communication Equipment

Applied Optoelectronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $455.7 million, up 82.8% from fiscal 2024.

Revenue
+86.4%
EPS
−75.0%
Free cash flow
−191.6%
Total debt
+69.0%

Quarter to June 2026, against a year earlier

69.05 10.14 −12.80%
Market cap
$6.7B
P/E
0.0×
Fwd P/E
19.6×
Dividend yield
—
F-score
4/9
Altman Z
2.98
Beneish M
−0.51
Dividend safety
n/a

Applied Optoelectronics, Inc. 10-Q filed Aug 6, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 4:17 PM ET · Document on sec.gov · Filing index

Red flags

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 7, 2026: 35 added · 14 removed · 30 modified; 12 with only figures updated

  1. Modified

    We have based these forward-looking statements largely on our current expectations and projections about future events and industry and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of events to differ materially from future results expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those identified in "Part II —Item 1A. Risk Factors" provided below, those discussed in other documents we file with the SEC, including our Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, and geopolitical tensions and conflicts, including with respect to international trade policies in areas such as tariffs and export controls, and the availability, timing and amount of refunds of previously paid tariffs. Furthermore, such forward-looking statements speak only as of the date of this Quarterly Report. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this Quarterly Report.