Sunday 1 November 2026 Export AAOI’s income statement to Excel — free account

Applied Optoelectronics, Inc.

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%

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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

Overview Business Profile Segments Filings

Applied Optoelectronics, Inc. (AAOI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2017: revenue by products and services, and margins
Data Center	307	80.22%
CATV	61	15.89%
Telecom	13	3.37%
Product and Service, Other	1	0.39%
FTTH	0	0.13%
Gross margin		43.49%
Operating margin		22.74%
Pre-tax margin		22.11%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2020	FY2019	FY2018	FY2017
CATV	245 53.79%	88 35.17%	60 27.54%	118 53.03%	38 16.17%	37 19.56%	52 19.33%	61 15.89%
Data Center	196 42.93%	149 59.56%	141 64.88%	77 34.60%	173 73.92%	144 75.21%	200 74.86%	307 80.22%
Telecom	14 3.01%	11 4.40%	14 6.35%	25 11.10%	21 8.99%	8 4.42%	13 4.92%	13 3.37%
FTTH and Other	1 0.27%	2 0.86%	3 1.22%	—	—	—	—	—
FTTH	—	—	0 0.05%	0 0.06%	0 0.05%	0 0.10%	1 0.31%	0 0.13%
Product and Service, Other	—	—	—	3 1.21%	2 0.87%	1 0.71%	2 0.58%	1 0.39%
Revenue	456	249	218	223	235	191	267	382

Revenue by segment $m

Line	FY2014	FY2013	FY2012
Internet data center	65 49.44%	19 24.74%	5 8.36%
CATV markets	47 36.34%	47 60.44%	50 78.52%
FTTH markets	14 10.43%	4 5.61%	4 5.83%
Other markets	1 0.38%	7 9.31%	5 7.25%
Other, not broken out	4 3.41%	—	—
Revenue	130	78	63

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
CHINA	262 57.52%	112 44.84%	43 19.90%	51 23.00%	98 46.19%	85 36.30%	83 43.64%	143 53.51%	122 31.99%	81 31.09%	32 16.87%	22 16.90%	32 40.62%	36 56.81%	23 47.09%
TAIWAN	174 38.22%	127 50.78%	144 65.95%	164 73.67%	99 46.89%	131 55.87%	98 51.23%	114 42.45%	242 63.25%	162 61.99%	141 74.30%	78 59.55%	32 40.63%	15 23.97%	7 13.69%
UNITED STATES	19 4.25%	11 4.38%	31 14.15%	7 3.33%	15 6.92%	18 7.83%	10 5.13%	11 4.04%	18 4.76%	18 6.92%	17 8.83%	31 23.55%	15 18.75%	12 19.22%	19 39.23%
Revenue	456	249	218	223	212	235	191	267	382	261	190	130	78	63	48

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.