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.
HKD
AMTD Digital Inc.
There isn't enough reported data to score HKD 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.
HKD Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Weak |
HKD's profitability is currently healthy, but its balance sheet is weak. There isn't enough data to rate its revenue and 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.
HKD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8x | $1.40 | — |
| Cheap | 9.6x | $4.21 | +201% |
| Fair | 18x | $7.83 | +459% |
| Expensive | 43x | $18.78 | +1241% |
Historical ranges are pointers, not guarantees.
HKD's PE is 8.0x, but its earnings don't support one, so it isn't a reliable read right now.
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.
HKD Forward outlook
There aren't enough analyst estimates for HKD 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.
HKD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2023 | $0.56 | +40% |
HKD and AAOI do not have enough comparable growth data to identify a winner.
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'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.
HKD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2023 | $33.1M | +32% |
| Q2 2022 | $25.1M | +292% |
| Q2 2021 | $6.4M | +47% |
| Q4 2020 | $18.6M | +10% |
HKD has the edge over AAOI in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 0.8% | -113 points |
| Q4 2023 | 165% | +96 points |
| Q2 2023 | 135% | +57 points |
| Q2 2022 | 114% | +25 points |
| Q2 2021 | 53% | N/A |
| Q4 2020 | 70% | N/A |
| Q2 2020 | 78% | N/A |
| Q4 2019 | 89% | N/A |
HKD's operating margin was 0.8% last quarter, down 52 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
HKD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $14.3M | +$14.3M |
| Q4 2024 | $0 | -100% |
| Q2 2023 | $15.5M | +52% |
| Q2 2022 | $10.2M | +260% |
| Q2 2021 | $2.8M | -38% |
| Q4 2020 | $7.7M | -66% |
HKD's free cash flow has been positive every quarter since late 2019: $51M over the past year, up 102% from 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 88M diluted shares, up 39% from a year ago.
HKD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +61% | +47.1M shares |
| 1 year | -33% | -61.3M shares |
HKD has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q2 2023 | $318.9M |
| Q2 2021 | $127 |
| Q4 2020 | $127 |
| Q2 2020 | — |
| Q4 2019 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
HKD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 20.2x | High |
| Q2 2023 | -2.2x | Net Cash |
HKD's net debt is more than 20 years of its operating earnings (EBITDA).
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).
HKD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.0 | Neutral |
| Stochastic | 16.1 | Oversold |
HKD's weekly RSI is 35 (neutral) and its Stochastic is 16 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
HKD PE vs Technology Sector
| Metric | HKD | Sector median | Relative |
|---|---|---|---|
| PE | 8x | 28x | 71% below |
| PE % | 0 | 44 | 44 pts below |
HKD is trading at 8.0x earnings, a 71% discount to the Technology sector's median of 28x, though its earnings don't support one.
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 HKD on trend strength, trading above more of its moving averages.
HKD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.62 | 14% below |
| 20 week MA | $1.65 | 15% below |
| 50 week MA | $1.61 | 13% below |
| 100 week MA | $1.84 | 24% below |
| 200 week MA | $3.39 | 59% below |
HKD is in a downtrend: it's below all five of its weekly moving averages, and 59% 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 HKD on returns for 2026, with the stronger performance.
HKD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $16.2 | $12.7 | -22% |
| 2023 | $12.7 | $4.17 | -67% |
| 2024 | $4.17 | $2.78 | -33% |
| 2025 | $2.78 | $1.33 | -52% |
| 2026 YTD | $1.33 | $1.40 | +5.3% |
HKD has finished every year since 2022 lower, and it's up 5.3% so far in 2026.