Stocktoria
APPLIED OPTOELECTRONICS, INC. AAOI
APPLIED OPTOELECTRONICS, INC. (AAOI) earns a Piotroski F-score of 4/9 (mixed financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2025 revenue was $455.7M at a -8.4% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -0.58 — elevated (above the −1.78 line — aggressive-accounting signals worth a closer look) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-08-07 | Rosenblatt | Buy (main) |
| 2026-08-07 | Needham | Buy (main) |
| 2026-07-22 | Needham | Buy (main) |
| 2026-06-22 | Rosenblatt | Buy (main) |
| 2026-05-08 | Rosenblatt | Buy (main) |
| 2026-04-21 | Needham | Buy (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 4/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.358 |
| Retained earnings / assets | -0.419 |
| EBIT / assets | -0.047 |
| Equity / liabilities | 1.689 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| AAOI | APPLIED OPTOELECTRONICS, INC. | 4/9 | 2.44 | — | +82.8% |
| MXL | MAXLINEAR, INC | 5/9 | -1.22 | — | +29.7% |
| POWI | POWER INTEGRATIONS INC | 6/9 | 13.34 | 200.2 | +5.9% |
| SKYT | SkyWater Technology, Inc | 3/9 | -0.88 | 14.4 | +29.2% |
| SHLS | Shoals Technologies Group, Inc. | 5/9 | 3.91 | 45 | +19.1% |
| TOYO | TOYO Co., Ltd | 7/9 | 0.08 | 6.7 | +141.5% |
| AMBA | AMBARELLA INC | 4/9 | 2.94 | — | +37.2% |
About APPLIED OPTOELECTRONICS, INC.
Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China. The company offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers. It sells its products to internet data center operators, cable television, telecom equipment manufacturers, fiber-to-the-home, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.
FAQ
Is AAOI financially healthy?
APPLIED OPTOELECTRONICS, INC.'s Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does AAOI pay a dividend?
No, APPLIED OPTOELECTRONICS, INC. does not currently pay a dividend.
How profitable is AAOI?
In FY2025, APPLIED OPTOELECTRONICS, INC. had a net margin of -8.4% and a return on equity of -5.2%.
Is AAOI overvalued or undervalued?
APPLIED OPTOELECTRONICS, INC. trades at about 37.6× trailing earnings — above its 10-year norm (10-year range 8.8×–31.9×, median 25.2×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for AAOI?
The average Wall-Street price target for APPLIED OPTOELECTRONICS, INC. is $163.40, about 18.3% above the recent price, from 5 analysts (consensus: buy).
Is AAOI a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on APPLIED OPTOELECTRONICS, INC.: a Piotroski F-score of 4/9, an Altman Z″ in the grey zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.