stockrowApplied 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
- +127.5%
- EPS
- +125.0%
- Free cash flow
- +96.1%
- Total debt
- +69.0%
Quarter to September 2026, against a year earlier
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Applied Optoelectronics, Inc. (AAOI) Gross margin
Applied Optoelectronics, Inc.'s gross margin over the twelve months to 30 September 2026 was 28.8%, down 1.2 percentage points from fiscal 2025 (30.0%). Over the past ten years it has ranged from 15.1% (fiscal 2022) to 43.5% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Communication Equipment industry median of 39.3% and below the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 30.0% | 5.26 |
| FY2024 | 24.8% | (2.29) |
| FY2023 | 27.1% | 11.98 |
| FY2022 | 15.1% | (2.74) |
| FY2021 | 17.8% | (3.71) |
| FY2020 | 21.5% | (2.67) |
| FY2019 | 24.2% | (8.61) |
| FY2018 | 32.8% | (10.67) |
| FY2017 | 43.5% | 10.14 |
| FY2016 | 33.4% | 1.52 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 28.2% | 0.50 |
| Jun 2026 | 27.7% | (1.34) |
| Mar 2026 | 29.1% | (2.18) |
| Dec 2025 | 31.2% | 3.20 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| DGII Digi International Inc. compare | 63.8% |
| EXTR Extreme Networks, Inc. compare | 61.9% |
| VIAV Viavi Solutions Inc. compare | 58.9% |
| ZBRA Zebra Technologies Corporation compare | 48.9% |
| ONDS Ondas Holdings Inc. compare | 43.7% |
| ASTS AST SpaceMobile, Inc. compare | 38.9% |
| BDC Belden Inc compare | 36.8% |
| VSAT Viasat Inc. compare | 33.2% |
| AAOI Applied Optoelectronics, Inc. | 28.8% |
| Communication Equipment industry median | 39.3% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on AAOI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement