# Applied Optoelectronics, Inc.: overview

AAOI · Nasdaq · CIK 1158114 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/aaoi.md) · [Financials](/companies/aaoi/financials.md) · [Filings](/companies/aaoi/filings.md) · [Insiders](/companies/aaoi/insiders.md)

Latest reported revenue: [$191.9m](/filings/0001437749-26-026278.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001437749-26-026278).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [65.2](/filings/0001437749-25-033627.md) | [100 d](/filings/0001437749-26-005875.md) | [99.9](/filings/0001437749-26-015620.md) | [103](/filings/0001437749-26-026278.md) | [119](/filings/0001437749-25-033627.md) | [134 d](/filings/0001437749-26-005875.md) | [151](/filings/0001437749-26-015620.md) | [192](/filings/0001437749-26-026278.md) |
| Gross margin | % | [24.4%](/filings/0001437749-25-033627.md) | [28.7% d](/filings/0001437749-26-005875.md) | [30.6%](/filings/0001437749-26-015620.md) | [30.3%](/filings/0001437749-26-026278.md) | [28.0%](/filings/0001437749-25-033627.md) | [31.2% d](/filings/0001437749-26-005875.md) | [29.1%](/filings/0001437749-26-015620.md) | [27.7%](/filings/0001437749-26-026278.md) |
| Operating margin | % | [(25.4%)](/filings/0001437749-25-033627.md) | [(6.5%) d](/filings/0001437749-26-005875.md) | [(8.9%)](/filings/0001437749-26-015620.md) | [(15.5%)](/filings/0001437749-26-026278.md) | [(15.3%)](/filings/0001437749-25-033627.md) | [(8.6%) d](/filings/0001437749-26-005875.md) | [(8.6%)](/filings/0001437749-26-015620.md) | [(12.9%)](/filings/0001437749-26-026278.md) |
| Net margin | % | [(27.3%)](/filings/0001437749-25-033627.md) | [(119.4%) d](/filings/0001437749-26-005875.md) | [(9.2%)](/filings/0001437749-26-015620.md) | [(8.8%)](/filings/0001437749-26-026278.md) | [(15.1%)](/filings/0001437749-25-033627.md) | [(1.5%) d](/filings/0001437749-26-005875.md) | [(9.4%)](/filings/0001437749-26-015620.md) | [(11.9%)](/filings/0001437749-26-026278.md) |
| Diluted EPS | $ per share | [(0.42)](/filings/0001437749-25-033627.md) | not reported | [(0.18)](/filings/0001437749-26-015620.md) | [(0.16)](/filings/0001437749-26-026278.md) | [(0.28)](/filings/0001437749-25-033627.md) | not reported | [(0.19)](/filings/0001437749-26-015620.md) | [(0.28)](/filings/0001437749-26-026278.md) |
| Free cash flow | $m | [(20.7) d](/filings/0001437749-25-033627.md) | [(53.0) d](/filings/0001437749-26-005875.md) | [(79.3)](/filings/0001437749-26-015620.md) | [(91.0) d](/filings/0001437749-26-026278.md) | [(78.7) d](/filings/0001437749-25-033627.md) | [(105) d](/filings/0001437749-26-005875.md) | [(144)](/filings/0001437749-26-015620.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [212](/filings/0001437749-24-005367.md) | [223](/filings/0001437749-25-005575.md) | [218](/filings/0001437749-26-005875.md) | [249](/filings/0001437749-26-005875.md) | [456](/filings/0001437749-26-005875.md) |
| Gross margin | % | [17.8%](/filings/0001437749-24-005367.md) | [15.1%](/filings/0001437749-25-005575.md) | [27.1%](/filings/0001437749-26-005875.md) | [24.8%](/filings/0001437749-26-005875.md) | [30.0%](/filings/0001437749-26-005875.md) |
| Operating margin | % | [(26.8%)](/filings/0001437749-24-005367.md) | [(26.5%)](/filings/0001437749-25-005575.md) | [(19.0%)](/filings/0001437749-26-005875.md) | [(28.4%)](/filings/0001437749-26-005875.md) | [(12.0%)](/filings/0001437749-26-005875.md) |
| Net margin | % | [(25.6%)](/filings/0001437749-24-005367.md) | [(29.8%)](/filings/0001437749-25-005575.md) | [(25.8%)](/filings/0001437749-26-005875.md) | [(74.9%)](/filings/0001437749-26-005875.md) | [(8.4%)](/filings/0001437749-26-005875.md) |
| Diluted EPS | $ per share | [(2.01)](/filings/0001437749-24-005367.md) | [(2.38)](/filings/0001437749-25-005575.md) | [(1.75)](/filings/0001437749-26-005875.md) | [(4.50)](/filings/0001437749-26-005875.md) | [(0.64)](/filings/0001437749-26-005875.md) |
| Free cash flow | $m | [(19.6)](/filings/0001437749-24-005367.md) | [(17.2)](/filings/0001437749-25-005575.md) | [(17.0)](/filings/0001437749-26-005875.md) | [(113)](/filings/0001437749-26-005875.md) | [(354)](/filings/0001437749-26-005875.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/aaoi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $955.7m | 6,450,270 |  | Reduced −742,059 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $505.9m | 3,414,262 |  | Added +1,399,857 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $498.3m | 3,363,001 |  | Added +301,479 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $421.9m | 2,847,900 | Put | Added +1,273,800 |
| [Marex Group Ltd](/funds/1997464.md) | 2026-06-30 | $419.3m | 2,830,272 |  | Added +2,541,105 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $404.4m | 2,729,700 | Put | Added +633,300 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $394.6m | 2,663,500 | Call | Added +725,000 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $392.9m | 2,651,718 |  | Added +849,835 |
| [Marex Group Ltd](/funds/1997464.md) | 2026-06-30 | $370.4m | 2,500,000 | Put | New +2,500,000 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $312.8m | 2,111,464 |  | Added +1,140,720 |

## Recent filings

[All 1,403 filings](/companies/aaoi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-15 | 16:05 ET | [8-K](/filings/0001683168-26-007160.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001683168-26-007160 |
| 2026-09-10 | 16:05 ET | [8-K](/filings/0001683168-26-007057.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001683168-26-007057 |
| 2026-09-01 | 16:26 ET | [8-K](/filings/0001683168-26-006862.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001683168-26-006862 |
| 2026-08-24 | 16:03 ET | [8-K](/filings/0001683168-26-006693.md) | 1.01 Entry into a material agreement; 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001683168-26-006693 |
| 2026-08-21 | 16:14 ET | [8-K](/filings/0001104659-26-099688.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001104659-26-099688 |
| 2026-08-06 | 16:17 ET | [10-Q](/filings/0001437749-26-026278.md) | Quarterly report, period 2026-06-30 | 0001437749-26-026278 |
| 2026-08-06 | 16:13 ET | [8-K](/filings/0001683168-26-006055.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001683168-26-006055 |
| 2026-07-01 | 16:06 ET | [8-K](/filings/0001683168-26-005221.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001683168-26-005221 |
| 2026-06-16 | 17:17 ET | [8-K](/filings/0001683168-26-004885.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001683168-26-004885 |
| 2026-06-05 | 17:25 ET | [8-K](/filings/0001683168-26-004596.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001683168-26-004596 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-005875.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/2a1207da-e765-40c1-980b-cbb5f91b5bd5)

## About the filer

- CIK: 1158114
- Tickers: AAOI
- Exchange: Nasdaq
- SIC code: 3674 Semiconductors & Related Devices
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 11:12 ET. No prices; not investment advice.