Applied Optoelectronics makes the fiber-optic gear that connects data centers and cable networks, like the plumbing for internet traffic.
Revenue hit USD 0.46B in 2025, but the company loses money—net loss of USD 0.04B—with gross margins around 29%, so no profitable business line yet.
They compete with Coherent and Lumentum in optical modules, but their tech is specialized and hard to replicate quickly. Moat is eroding as larger rivals scale up and squeeze pricing.
Hold (sector percentile 61) — value D-, growth A-, profitability D, momentum A, revisions B-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Company continues equity funding for US capacity expansion; dilution concerns persist
Nomura cites 200G EML chips as key optical chip bottleneck; InP supply insufficient, global makers sourcing materials from China, reinforcing AAOI supply-chain constraint thesis
CFO at Rosenblatt summit cites US production premium and potential government investment, reinforcing reshoring trend
CEO previously cited laser supply shortage; photonics stocks fell today, AAOI -1.2%
Record quarterly sales kept rising, but earnings guidance came in below Wall Street expectations.
2026 年全年营收预计约 11 亿美元，受产能和供应链限制而非需求不足。
The proposed curbs could reshape data-center supply chains and lift U.S. component makers while raising procurement costs for cloud firms.
Multiple sources cite Q2 earnings Thursday, stock up ~17%, management says demand exceeds capacity, 2026 demand $1.4-1.5B
Oil retreated after Trump said he had called off planned strikes, but Iran said no direct talks with Washington are under way.
New expert comments on InP substrate supply & CPO trend reinforce expansion & demand narrative
Q1 13F filing reveals new institutional position, signaling investor interest
PRNewswire reports Tradr launched 2X short ETFs on AAOI and ORCL, offering new inverse investment tools, a capital markets event for the company.
Q1 2026 revenue of $151.1 million, up 51% year-over-year and 13% sequentially, marking fourth consecutive quarter of record revenue
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AAOI is discussed as a potential long-term performer in photonics, with recent dilution from a stock offering creating short-term pain but also accumulation opportunities.
Main discussion
Different voices
So, none of you out there expected $AAOI to dilute? Or you just saw Serenity's bearish post and jumped on the "shitco" bandwagon? I'm baffled by some of the takes I've seen here on X today. Dilution is always less than ideal. The timing was also admittedly a little shady. But c'm
The expectation continues to be that pluggables will dominate the datacom market till 2030, despite the rise of CPO. However, growth will taper off in 2028, with NPO and CPO expanding in from '28-'30. $NVDA $COHR $LITE $AAOI $MTSI https://t.co/j58dtwTPWR
The pattern behind generational wealth rarely changes. $NVDA rewarded early believers. $TSLA rewarded early believers. $PLTR rewarded early believers. The next disruptive themes are already forming. Bookmark this: • Photonics → $LITE $MRVL $AAOI • Robotics → $TSLA $VPG $OUST $IND
$AAOI Filed for a $600M common stock offering after hours. Watching the daily gap around 110 for a potential fill. I’ll be looking for a dip-buy in the 90–110 zone. Short-term pain is likely, but this looks like solid accumulation territory for the next leg higher. https://t.co/Y
RT @1769_alex: $AAOI Filed for a $600M common stock offering after hours. Watching the daily gap around 110 for a potential fill. I’ll be l…
RT @MMMTwealth: Here's how I model $AAOI post the $600M ATM offering AH on a Friday...: 1. Revenue: Still fair to assume $5.6B in FY28 re…
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