AAOI
Applied Optoelectronics, Inc.
AAOI's outlook is improving, though it still trails on the overall score.
AVPT
AvePoint, Inc.
AVPT has the edge over AAOI overall, supported by lower modeled downside and stronger fundamentals.
AAOI Fundamentals
| Metric | Status |
|---|---|
| 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.
AVPT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Unavailable |
AVPT's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
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.
AVPT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 34x | $16.38 | — |
| Cheap | 48x | $15.89 | -3% |
| Current | 50x | $16.38 | — |
| Fair | 66x | $21.92 | +34% |
| Expensive | 7,357x | $2,428 | +14722% |
Historical ranges are pointers, not guarantees.
AVPT's PE is in its cheap range at 50x. If earnings grow as analysts expect, today's price would be 34x next year's earnings.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| 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.
AVPT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for AVPT, with profitability improving. However, they disagree widely on these estimates.
AAOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.98 | — |
| 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.
AVPT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.48 | +46% |
| Q3 2026 | $0.33 | +$0.33 |
| Q2 2026 | $0.31 | +$0.36 |
| Q1 2026 | $0.20 | +$0.33 |
| Q4 2025 | $0.15 | +$0.31 |
| Q3 2025 | $0.00 | +$0.05 |
| Q2 2025 | -$0.05 | +$0.03 |
| Q1 2025 | -$0.13 | -$0.05 |
| Q4 2024 | -$0.16 | -$0.04 |
AVPT has the edge over AAOI on earnings quality, reporting a profit while its opponent remains loss making.
AAOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 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 AVPT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.5% | +15 points |
| Q2 2026 | -13% | +2.6 points |
| Q1 2026 | -8.6% | +0.3 points |
| Q4 2025 | -8.6% | -2.1 points |
| Q3 2025 | -15% | +10 points |
| Q2 2025 | -16% | +45 points |
| Q1 2025 | -8.9% | +44 points |
| Q4 2024 | -6.5% | +1 points |
AAOI's operating margin was −0.5% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
AVPT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $131.1M | +19% |
| Q2 2026 | $124.5M | +22% |
| Q1 2026 | $117.2M | +26% |
| Q4 2025 | $114.7M | +29% |
| Q3 2025 | $109.7M | +24% |
| Q2 2025 | $102M | +31% |
| Q1 2025 | $93.1M | +25% |
| Q4 2024 | $89.2M | +20% |
AVPT's revenue has grown year over year every quarter since mid-2022: $131M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.7% | +1.3 points |
| Q2 2026 | 8.2% | +1.3 points |
| Q1 2026 | 11% | +7.3 points |
| Q4 2025 | 13% | +7.2 points |
| Q3 2025 | 7.4% | -1.2 points |
| Q2 2025 | 7% | +9.7 points |
| Q1 2025 | 3.5% | +7.8 points |
| Q4 2024 | 5.4% | +4.3 points |
AVPT has the edge over AAOI on profitability, with a higher operating margin.
AAOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| 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 |
AAOI has burned cash in almost every quarter: −$883M over the past year, against −$302M the year before.
AVPT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30M | -13% |
| Q2 2026 | $14.7M | -24% |
| Q1 2026 | $23M | +$24M |
| Q4 2025 | $29M | -9.5% |
| Q3 2025 | $34.3M | +11% |
| Q2 2025 | $19.3M | +22% |
| Q1 2025 | -$1M | -114% |
| Q4 2024 | $32M | +54% |
AVPT has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
AAOI Total Shares
| Period | Change % | 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 88M diluted shares, up 39% from a year ago.
AVPT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +1.1M shares |
| 1 year | -4.7% | -10.9M shares |
| 3 years | +22% | +40.2M shares |
| 5 years | +534% | +187M shares |
AVPT has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $30.9M |
| Q2 2026 | $50.5M |
| Q1 2026 | $59.8M |
| Q4 2025 | $22.4M |
| Q3 2025 | $8.4M |
| Q2 2025 | $7M |
| Q1 2025 | $11.9M |
| Q4 2024 | $11.3M |
AVPT spent $164M buying back its own shares over the past year, about four times what it spent the year before.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AVPT Net Leverage
AAOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.8 | Oversold |
AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
AVPT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.0 | Neutral |
| Stochastic | 83.1 | Overbought |
AVPT's weekly RSI is 66 (neutral) and its Stochastic is 83 (overbought).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
AVPT PE vs Technology Sector
| Metric | AVPT | Sector median | Relative |
|---|---|---|---|
| PE | 50x | 28x | 78% above |
| PE % | 18 | 35 | 17 pts below |
AVPT is trading at 50x earnings, a 78% premium to the Technology sector's median of 28x.
AAOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.2 | 34% below |
| 20 week MA | $100.6 | 47% below |
| 50 week MA | $100.3 | 47% below |
| 100 week MA | $62.3 | 15% below |
| 200 week MA | $36.9 | 43% above |
AAOI has fallen below most of its moving averages, though it's still 43% above its 200-week average.
AVPT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.3 | 6.9% above |
| 20 week MA | $13.9 | 18% above |
| 50 week MA | $12.3 | 33% above |
| 100 week MA | $14.3 | 14% above |
| 200 week MA | $11.3 | 45% above |
AVPT has the edge over AAOI on trend strength, trading above more of its moving averages.
AAOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 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 AVPT on returns for 2026, with the stronger performance.
AVPT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.90 | $16.3 | +65% |
| 2021 | $16.3 | $6.50 | -60% |
| 2022 | $6.50 | $4.27 | -34% |
| 2023 | $4.27 | $8.21 | +92% |
| 2024 | $8.21 | $17.0 | +106% |
| 2025 | $17.0 | $13.8 | -19% |
| 2026 YTD | $13.8 | $16.4 | +19% |
AVPT's yearly returns have swung widely, from +106% in 2024 to −60% in 2021. It's up 19% so far in 2026.