AAOI

Applied Optoelectronics, Inc.

60
Fundamentals62/ 100
Valuation50/ 100
Upside potential70/ 100
Risk potential55/ 100

AAOI lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.

AMPG

AmpliTech Group, Inc.

There isn't enough reported data to score AMPG yet.

AAOI Fundamentals

MetricStatus
Strong
Under pressure
Weak
Unavailable

AAOI's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.

AMPG Fundamentals

MetricStatus
Stable
Under pressure
Unavailable
Weak

AMPG's revenue is currently stable, but its profitability and balance sheet are under pressure. There isn't enough data to rate its cash flow.

AAOI PE Valuation

AAOI has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 18x next year's earnings.

AMPG PE Valuation

AMPG has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 78x next year's earnings.

AAOI Forward outlook

MetricOutlook
--
Returning to profit
Strong growth
Strongly improving
Limited
Low

Analysts expect AAOI to return to profit, with revenue growing. However, they disagree widely on these estimates.

AMPG Forward outlook

MetricOutlook
--
Returning to profit
Strong growth
Strongly improving
Limited
High

Analysts expect AMPG to return to profit, with revenue growing.

AAOI Risk to reward

ScenarioChangePrice
Upside+125%$118.71
Downside-55%$23.99

Calculated from the latest close: $52.85 on Nov 12.

There is not enough scenario data to compare AAOI and AMPG's risk to reward.

AMPG Risk to reward

ScenarioChangePrice
UpsideUnknownโ€”
DownsideUnknownโ€”

Calculated from the latest close: $2.35 on Nov 12.

There is not enough scenario data to compare AAOI and AMPG's risk to reward.

AAOI Earnings Per Share

Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
QuarterTTM EPSYoY
Forward$2.98โ€”
Q3 2026-$0.42+$3.02
Q2 2026-$0.77+$2.81
Q1 2026-$0.65+$3.43
Q4 2025-$0.64+$3.86
Q3 2025-$3.44-$1.41
Q2 2025-$3.58-$1.70
Q1 2025-$4.08-$2.29
Q4 2024-$4.50-$2.75

AAOI is still losing money, but far less than before: $0.42 per share over the past year, against $4.50 at its worst in late 2024.

AMPG Earnings Per Share

Q4 2023: $-0.26Q1 2024: $-0.68Q2 2024: $-0.79Q3 2024: $-0.82Q4 2024: $-1.08Q1 2025: $-0.69Q2 2025: $-0.62Q3 2025: $-0.51Q4 2025: $-0.33Q1 2026: $-0.30Q2 2026: $-0.33Q3 2026: $-0.39Forward: $0.03
Q4 2023: $-0.26Q1 2024: $-0.68Q2 2024: $-0.79Q3 2024: $-0.82Q4 2024: $-1.08Q1 2025: $-0.69Q2 2025: $-0.62Q3 2025: $-0.51Q4 2025: $-0.33Q1 2026: $-0.30Q2 2026: $-0.33Q3 2026: $-0.39Forward: $0.03
QuarterTTM EPSYoY
Forward$0.03โ€”
Q3 2026-$0.39+$0.12
Q2 2026-$0.33+$0.29
Q1 2026-$0.30+$0.39
Q4 2025-$0.33+$0.75
Q3 2025-$0.51+$0.31
Q2 2025-$0.62+$0.17
Q1 2025-$0.69-$0.01
Q4 2024-$1.08-$0.82

AMPG has the edge over AAOI on earnings, with more consistent year-over-year improvement.

AAOI Quarterly Revenue

Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
QuarterRevenueYoY
Q3 2026$269.9M+127%
Q2 2026$191.9M+86%
Q1 2026$151.1M+51%
Q4 2025$134.3M+34%
Q3 2025$118.6M+82%
Q2 2025$103M+138%
Q1 2025$99.9M+146%
Q4 2024$100.3M+66%

AAOI has the edge over AMPG on sales, with more consistent year-over-year improvement.

AMPG Quarterly Revenue

Q4 2023: $4MQ1 2024: $2MQ2 2024: $3MQ3 2024: $3MQ4 2024: $2MQ1 2025: $4MQ2 2025: $11MQ3 2025: $6MQ4 2025: $4MQ1 2026: $5MQ2 2026: $8MQ3 2026: $7M
Q4 2023: $4MQ1 2024: $2MQ2 2024: $3MQ3 2024: $3MQ4 2024: $2MQ1 2025: $4MQ2 2025: $11MQ3 2025: $6MQ4 2025: $4MQ1 2026: $5MQ2 2026: $8MQ3 2026: $7M
QuarterRevenueYoY
Q3 2026$6.6M+8%
Q2 2026$8.1M-27%
Q1 2026$5.3M+49%
Q4 2025$4.5M+142%
Q3 2025$6.1M+115%
Q2 2025$11M+336%
Q1 2025$3.6M+57%
Q4 2024$1.9M-54%

AMPG's revenue is recovering but still below its 2025 peak: $7M last quarter, up 8% from the same quarter a year ago.

AAOI Free Cash Flow

Q4 2023: โˆ’$5MQ1 2024: โˆ’$34MQ2 2024: โˆ’$5MQ3 2024: โˆ’$21MQ4 2024: โˆ’$53MQ1 2025: โˆ’$79MQ2 2025: โˆ’$91MQ3 2025: โˆ’$79MQ4 2025: โˆ’$105MQ1 2026: โˆ’$144MQ2 2026: โˆ’$265MQ3 2026: โˆ’$370M
Q4 2023: โˆ’$5MQ1 2024: โˆ’$34MQ2 2024: โˆ’$5MQ3 2024: โˆ’$21MQ4 2024: โˆ’$53MQ1 2025: โˆ’$79MQ2 2025: โˆ’$91MQ3 2025: โˆ’$79MQ4 2025: โˆ’$105MQ1 2026: โˆ’$144MQ2 2026: โˆ’$265MQ3 2026: โˆ’$370M
QuarterFree cash flowYoY
Q3 2026-$369.9M-$291.2M
Q2 2026-$265.3M-$174.4M
Q1 2026-$143.6M-$64.3M
Q4 2025-$104.6M-$51.6M
Q3 2025-$78.7M-$58M
Q2 2025-$91M-$86M
Q1 2025-$79.3M-$45.1M
Q4 2024-$53M-$48.4M

AMPG has the stronger cash trend. Its trailing FCF is down 61% versus its history, compared with AAOI at down 676%.

AMPG Free Cash Flow

Q4 2023: โˆ’$2MQ1 2024: โˆ’$1MQ2 2024: โˆ’$1MQ3 2024: โˆ’$2MQ4 2024: โˆ’$1MQ1 2025: โˆ’$2MQ2 2025: โˆ’$2MQ3 2025: โˆ’$1MQ4 2025: โˆ’$4MQ1 2026: --Q2 2026: --Q3 2026: $192,377
Q4 2023: โˆ’$2MQ1 2024: โˆ’$1MQ2 2024: โˆ’$1MQ3 2024: โˆ’$2MQ4 2024: โˆ’$1MQ1 2025: โˆ’$2MQ2 2025: โˆ’$2MQ3 2025: โˆ’$1MQ4 2025: โˆ’$4MQ1 2026: --Q2 2026: --Q3 2026: $192,377
QuarterFree cash flowYoY
Q3 2026$192.4K+$1.6M
Q4 2025-$3.5M-$2.3M
Q3 2025-$1.4M+$303.2K
Q2 2025-$2.4M-$1M
Q1 2025-$2.4M-$1.3M
Q4 2024-$1.2M+$563.1K
Q3 2024-$1.7M-$1.1M
Q2 2024-$1.3M-$2.5K

AMPG has burned cash in almost every quarter: โˆ’$7M over the past year, against โˆ’$7M the year before.

AAOI Total Shares

Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
PeriodChange %Net change
Quarterly+7.7%+6.3M shares
1 year+39%+24.5M shares
3 years+168%+55.1M shares
5 years+224%+60.7M shares
Available history+340%+67.9M shares

AAOI has the edge over AMPG on shareholder dilution, with a more favorable share count trend.

AMPG Total Shares

Q4 2023: 10MQ1 2024: 10MQ2 2024: 10MQ3 2024: 10MQ1 2025: 20MQ2 2025: 20MQ3 2025: 21MQ4 2025: 21MQ1 2026: 24MQ2 2026: 25MQ3 2026: 29M
Q4 2023: 10MQ1 2024: 10MQ2 2024: 10MQ3 2024: 10MQ1 2025: 20MQ2 2025: 20MQ3 2025: 21MQ4 2025: 21MQ1 2026: 24MQ2 2026: 25MQ3 2026: 29M
PeriodChange %Net change
Quarterly+14%+3.6M shares
1 year+41%+8.4M shares
3 years+201%+19.4M shares
5 years+421%+23.4M shares

AMPG has 29M diluted shares, up 41% from a year ago.

AAOI Net Leverage

AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

AMPG Net Leverage

QuarterNet LeverageStatus
Q4 20196.8xHigh

AMPG's net debt is about 6.8 years of its operating earnings (EBITDA).

AAOI Weekly Momentum

MetricValueStatus
RSI35.1Neutral
Stochastic4.8Oversold

AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).

AMPG Weekly Momentum

MetricValueStatus
RSI39.5Neutral
Stochastic5.5Oversold

AMPG's weekly RSI is 40 (neutral) and its Stochastic is 5 (oversold).

AAOI PE vs Technology Sector

AAOI has no meaningful PE right now: it lost money over the past year.

AMPG PE vs Technology Sector

AMPG has no meaningful PE right now: it lost money over the past year.

AAOI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$80.234% below
20 week MA$100.647% below
50 week MA$100.347% below
100 week MA$62.315% below
200 week MA$36.943% above

AAOI has the edge over AMPG on trend strength, trading above more of its moving averages.

AMPG Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$2.6913% below
20 week MA$3.8940% below
50 week MA$3.6335% below
100 week MA$3.1525% below
200 week MA$2.506% below

AMPG is in a downtrend: it's below all five of its weekly moving averages, and 6% below its 200-week average.

AAOI Yearly ROI

YearStart priceEnd priceROI
2020$11.5$8.77-24%
2021$8.77$5.64-36%
2022$5.64$1.95-65%
2023$1.95$19.3+891%
2024$19.3$37.7+95%
2025$37.7$37.2-1.5%
2026 YTD$37.2$52.9+42%

AAOI has the edge over AMPG on returns for 2026, with the stronger performance.

AMPG Yearly ROI

YearStart priceEnd priceROI
2021$8.80$4.12-53%
2022$4.12$2.24-46%
2023$2.24$1.88-16%
2024$1.88$5.71+204%
2025$5.71$2.91-49%
2026 YTD$2.91$2.35-19%

AMPG's yearly returns have swung widely, from +204% in 2024 to โˆ’53% in 2021. It's down 19% so far in 2026.

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