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
+127.5%
EPS
+125.0%
Free cash flow
+96.1%
Total debt
+69.0%

Quarter to September 2026, against a year earlier

48.19 1.30 +2.77%
Market cap
$4.0B
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) Net margin

Alert me on Net margin

Applied Optoelectronics, Inc.'s net margin over the twelve months to 30 September 2026 was −4.39%, up 4.0 percentage points from fiscal 2025 (−8.39%). Over the past ten years it has ranged from −74.9% (fiscal 2024) to 19.3% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Communication Equipment industry median of −0.64% and below the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −8.39% 66.49
FY2024 −74.9% (49.13)
FY2023 −25.8% 4.05
FY2022 −29.8% (4.20)
FY2021 −25.6% (0.69)
FY2020 −24.9% 9.69
FY2019 −34.6% (33.80)
FY2018 −0.80% (20.14)
FY2017 19.3% 7.36
FY2016 12.0% 6.30

Quarterly newest first

Period Net margin Change (points)
Sep 2026 2.33% 14.20
Jun 2026 −11.9% (2.42)
Mar 2026 −9.45% (7.94)
Dec 2025 −1.51% 13.61
43 more quarters

Against its own ten years

Low −74.9% High 19.3%
Ten-year median −24.9%
Current reading's percentile 72

Net margin against peers

Company Net margin
ONDS Ondas Holdings Inc. compare 93.8%
ZBRA Zebra Technologies Corporation compare 9.80%
DGII Digi International Inc. compare 9.63%
BDC Belden Inc compare 5.62%
EXTR Extreme Networks, Inc. compare 3.99%
VIAV Viavi Solutions Inc. compare 3.97%
VSAT Viasat Inc. compare −0.64%
AAOI Applied Optoelectronics, Inc. −4.39%
ASTS AST SpaceMobile, Inc. compare −536.7%
Communication Equipment industry median −0.64%
Technology sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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