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. In the quarter to June 2026, revenue grew 86.4%, EPS fell 75.0%, free cash flow fell 191.6% and total debt rose 69.0%, each against the same quarter a year earlier.
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Applied Optoelectronics, Inc. (AAOI) P/E ratio
Applied Optoelectronics, Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 80.0× (June 2015) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 9.8× | (23.67%) |
| FY2016 | 12.8× | (48.40%) |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| ONDS Ondas Holdings Inc. compare | n/m |
| ASTS AST SpaceMobile, Inc. compare | n/m |
| VSAT Viasat Inc. compare | n/m |
| AAOI Applied Optoelectronics, Inc. | n/m |
| VIAV Viavi Solutions Inc. compare | n/m |
| BDC Belden Inc compare | 17.5× |
| ZBRA Zebra Technologies Corporation compare | 35.2× |
| DGII Digi International Inc. compare | 58.5× |
| EXTR Extreme Networks, Inc. compare | 75.6× |
| Communication Equipment industry median | 35.3× |
| Technology sector median | 30.1× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)