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.
GXAI
Gaxos.ai Inc.
There isn't enough reported data to score GXAI 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.
GXAI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
GXAI's revenue is currently healthy, but its profitability and cash flow are weak. 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.
GXAI PE Valuation
GXAI 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.
GXAI Forward outlook
There aren't enough analyst estimates for GXAI 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 has the stronger earnings trend. Trailing diluted EPS is down 112% for AAOI versus GXAI down 115%.
GXAI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$3.00 | +$0.61 |
| Q2 2024 | -$3.23 | -$0.08 |
| Q1 2024 | -$3.23 | -$0.34 |
| Q4 2023 | -$4.00 | -$2.48 |
GXAI is still losing money, but far less than before: $0.44 per share over the past year, against $4.00 at its worst in late 2023.
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's revenue has grown year over year for 10 quarters in a row: $270M last quarter, up 127% from the same quarter a year ago.
| 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 GXAI on profitability, with a higher operating margin.
GXAI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.8M | +465% |
| Q2 2026 | $2.5M | +1337% |
| Q1 2026 | $1.8M | +7524% |
| Q4 2025 | $1.2M | +94996% |
| Q3 2025 | $498.3K | +18327% |
| Q1 2025 | $23.7K | +124805% |
GXAI's revenue has grown year over year for nine quarters in a row: $3M last quarter, up 465% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -40% | +224 points |
| Q2 2026 | -76% | +499 points |
| Q1 2026 | -141% | +5723 points |
| Q4 2025 | -99% | +68873 points |
| Q3 2025 | -264% | +33237 points |
| Q2 2025 | -575% | N/A |
| Q1 2025 | -5864% | +5488025 points |
| Q4 2024 | -68972% | N/A |
GXAI's operating margin was −40% last quarter, up 224 points from the same quarter a year ago, near the top of its range since 2024.
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.
GXAI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$956.7K | +$149.6K |
| Q2 2026 | -$1.1M | -$370.9K |
| Q1 2026 | -$2.5M | -$1.2M |
| Q4 2025 | -$733.1K | +$35.1K |
| Q3 2025 | -$1.1M | -$432K |
| Q2 2025 | -$716.9K | +$21.6K |
| Q1 2025 | -$1.3M | -$198.1K |
| Q4 2024 | -$768.2K | -$95.3K |
GXAI has the edge over AAOI on cash flow, with more consistent year-over-year improvement.
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 GXAI on shareholder dilution, with a more favorable share count trend.
GXAI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +17% | +1.8M shares |
| 1 year | +71% | +5.1M shares |
| 3 years | +1198% | +11.2M shares |
GXAI has 12M diluted shares, up 71% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $19,602 |
| Q4 2023 | $50,026 |
| Q3 2023 | $25,469 |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
GXAI Net Leverage
GXAI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
GXAI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.1 | Neutral |
| Stochastic | 5.1 | Oversold |
GXAI's weekly RSI is 30 (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.
GXAI PE vs Technology Sector
GXAI 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 stronger trend alignment. AAOI is above 1 of 5 weekly averages versus GXAI above 0 of 4.
GXAI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.46 | 6.5% below |
| 20 week MA | $0.71 | 39% below |
| 50 week MA | $1.03 | 58% below |
| 100 week MA | $1.27 | 66% below |
GXAI is in a downtrend: it's below all four of its weekly moving averages, and 66% below its 100-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 GXAI on returns for 2026, with the stronger performance.
GXAI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $45.7 | $4.08 | -91% |
| 2024 | $4.08 | $2.97 | -27% |
| 2025 | $2.97 | $1.06 | -64% |
| 2026 YTD | $1.06 | $0.43 | -59% |
GXAI has finished every year since 2023 lower, and it's down 59% so far in 2026.