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. (AAOI) EV/Sales

Alert me on EV/Sales

As of 30 October 2026, Applied Optoelectronics, Inc. (AAOI) trades at a EV/Sales of 9.0×. Over the past ten years it has ranged from 0.5× (May 2023) to 33.0× (May 2026); the current reading is higher than 94% of that period. That is above the Communication Equipment industry median of 2.1× and above the Technology sector median of 2.8×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.6× (29.00%)
FY2024 6.5× 99.36%
FY2023 3.2× 319.68%
FY2022 0.8× (31.81%)
FY2021 1.1× (8.52%)
FY2020 1.2× (22.36%)
FY2019 1.6× 30.86%
FY2018 1.2× (34.29%)
FY2017 1.9× 20.66%
FY2016 1.5× 3.51%

Quarterly newest first

Period EV/Sales Change
Jun 2026 19.9× 61.93%
Mar 2026 12.3× 167.07%
Dec 2025 4.6× 17.43%
Sep 2025 3.9× (7.00%)
42 more quarters

Against its own ten years

Low 0.5× High 33.0×
Ten-year median 1.6×
Current reading's percentile 94

EV/Sales against peers

Company EV/Sales
BDC Belden Inc compare 1.7×
EXTR Extreme Networks, Inc. compare 2.3×
VSAT Viasat Inc. compare 3.3×
ZBRA Zebra Technologies Corporation compare 3.4×
VIAV Viavi Solutions Inc. compare 4.5×
DGII Digi International Inc. compare 5.6×
AAOI Applied Optoelectronics, Inc. 9.0×
ONDS Ondas Holdings Inc. compare 10.3×
ASTS AST SpaceMobile, Inc. compare 112×
Communication Equipment industry median 2.1×
Technology sector median 2.8×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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