AAOI
Applied Optoelectronics, Inc.
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.
CXAI
CXApp Inc.
There isn't enough reported data to score CXAI yet.
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.
CXAI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Unavailable | |
| Strong |
CXAI's revenue and balance sheet are currently strong, but its profitability is 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.
CXAI PE Valuation
CXAI has no meaningful PE right now: it lost money over the past year.
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.
CXAI Forward outlook
There aren't enough analyst estimates for CXAI to show an outlook.
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.
CXAI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$21.35 | +$9.65 |
| Q2 2026 | -$26.50 | +$14.00 |
| Q1 2026 | -$29.50 | +$20.00 |
| Q4 2025 | -$29.00 | +$33.50 |
| Q3 2025 | -$31.00 | +$135.50 |
| Q2 2025 | -$40.50 | +$103.50 |
| Q1 2025 | -$49.50 | +$120.00 |
| Q4 2024 | -$62.50 | +$105.50 |
CXAI has the edge over AAOI on earnings, with more consistent year-over-year improvement.
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 CXAI on sales, with more consistent year-over-year improvement.
| 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 has the edge over CXAI on profitability, with a higher operating margin.
CXAI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3M | +170% |
| Q2 2026 | $1.7M | +39% |
| Q1 2026 | $950K | -22% |
| Q4 2025 | $1M | -38% |
| Q3 2025 | $1.1M | -41% |
| Q2 2025 | $1.2M | -31% |
| Q1 2025 | $1.2M | -33% |
| Q4 2024 | $1.7M | -3.4% |
CXAI's revenue is growing: $3M last quarter, up 170% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -105% | +238 points |
| Q2 2026 | -243% | +93 points |
| Q1 2026 | -434% | -128 points |
| Q4 2025 | -577% | -386 points |
| Q3 2025 | -343% | -168 points |
| Q2 2025 | -336% | -130 points |
| Q1 2025 | -306% | -109 points |
| Q4 2024 | -191% | +2125 points |
CXAI's operating margin was −105% last quarter, up 238 points from the same quarter a year ago, near the top of its range since 2023.
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 |
CXAI has the stronger cash trend. Its trailing FCF is down 35% versus its history, compared with AAOI at down 676%.
CXAI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2.7M | +$99K |
| Q4 2025 | -$3.6M | -$937K |
| Q3 2025 | -$2.8M | -$691K |
| Q2 2025 | -$3M | -$1.1M |
| Q1 2025 | -$984K | -$316K |
| Q4 2024 | -$2.7M | +$1.1M |
| Q3 2024 | -$2.1M | +$287K |
| Q2 2024 | -$1.9M | +$4.7M |
CXAI has burned cash in almost every quarter: −$12M over the past year, against −$8M the year before.
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 the edge over CXAI on shareholder dilution, with a more favorable share count trend.
CXAI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.9% | +230K shares |
| 1 year | +348% | +2M shares |
| 3 years | +1058% | +2.3M shares |
| 5 years | +2040% | +2.4M shares |
CXAI has 3M diluted shares, up 348% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CXAI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2021 | -0.1x | Net Cash |
CXAI has more cash than debt.
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).
CXAI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.0 | Oversold |
| Stochastic | 2.2 | Oversold |
CXAI's weekly RSI is 30 (oversold) and its Stochastic is 2 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
CXAI PE vs Technology Sector
| Metric | CXAI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
CXAI has no meaningful PE right now: it lost money over the past year.
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 the edge over CXAI on trend strength, trading above more of its moving averages.
CXAI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.85 | 26% below |
| 20 week MA | $3.95 | 65% below |
| 50 week MA | $8.80 | 84% below |
| 100 week MA | $31.3 | 96% below |
| 200 week MA | $116.3 | 99% below |
CXAI is in a downtrend: it's below all five of its weekly moving averages, and 99% below its 200-week average.
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 CXAI on returns for 2026, with the stronger performance.
CXAI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $511.5 | $498.0 | -2.6% |
| 2022 | $498.0 | $497.5 | -0.1% |
| 2023 | $497.5 | $64.5 | -87% |
| 2024 | $64.5 | $103.5 | +60% |
| 2025 | $103.5 | $16.5 | -84% |
| 2026 YTD | $16.5 | $1.37 | -92% |
CXAI has finished lower in four of the last five years. It's down 92% so far in 2026.