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) Operating margin

Alert me on Operating margin

Applied Optoelectronics, Inc.'s operating margin over the twelve months to 30 September 2026 was −6.78%, up 5.2 percentage points from fiscal 2025 (−12.0%). Over the past ten years it has ranged from −28.4% (fiscal 2024) to 22.7% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Communication Equipment industry median of 2.43% and below the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −12.0% 16.46
FY2024 −28.4% (9.44)
FY2023 −19.0% 7.48
FY2022 −26.5% 0.35
FY2021 −26.8% (6.01)
FY2020 −20.8% 4.72
FY2019 −25.5% (21.51)
FY2018 −4.03% (26.77)
FY2017 22.7% 13.91
FY2016 8.83% 1.75

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −0.53% 12.35
Jun 2026 −12.9% (4.28)
Mar 2026 −8.60% (0.03)
Dec 2025 −8.57% 6.76
43 more quarters

Against its own ten years

Low −28.4% High 22.7%
Ten-year median −19.0%
Current reading's percentile 72

Operating margin against peers

Company Operating margin
ZBRA Zebra Technologies Corporation compare 14.9%
DGII Digi International Inc. compare 13.9%
VIAV Viavi Solutions Inc. compare 10.6%
BDC Belden Inc compare 8.99%
EXTR Extreme Networks, Inc. compare 5.67%
VSAT Viasat Inc. compare 2.35%
AAOI Applied Optoelectronics, Inc. −6.78%
ONDS Ondas Holdings Inc. compare −140.4%
ASTS AST SpaceMobile, Inc. compare −519.5%
Communication Equipment industry median 2.43%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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