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.
MX
Magnachip Semiconductor Corporation
There isn't enough reported data to score MX 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.
MX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Unavailable | |
| Strong |
MX's balance sheet is currently strong, and its revenue is stable, 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.
MX PE Valuation
MX 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.
MX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect MX's losses to shrink, with revenue growing.
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.
MX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.83 | +$0.20 |
| Q2 2026 | -$0.85 | +$0.08 |
| Q1 2026 | -$0.71 | +$0.57 |
| Q4 2025 | -$0.82 | +$0.62 |
| Q3 2025 | -$1.03 | +$0.15 |
| Q2 2025 | -$0.93 | +$0.12 |
| Q1 2025 | -$1.28 | -$0.48 |
| Q4 2024 | -$1.44 | -$0.55 |
MX 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 MX 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 MX on profitability, with a higher operating margin.
MX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $44M | -4.3% |
| Q2 2026 | $44.7M | -6.1% |
| Q1 2026 | $46.2M | +3.3% |
| Q4 2025 | $40.6M | -36% |
| Q3 2025 | $45.9M | -31% |
| Q2 2025 | $47.6M | -10% |
| Q1 2025 | $44.7M | -8.9% |
| Q4 2024 | $63M | +24% |
MX's revenue has slid since its 2019 peak: $44M last quarter, down 4.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -29% | -4.2 points |
| Q2 2026 | -22% | -6.7 points |
| Q1 2026 | -16% | -1.5 points |
| Q4 2025 | -31% | -5.7 points |
| Q3 2025 | -25% | -8.6 points |
| Q2 2025 | -16% | +8.5 points |
| Q1 2025 | -14% | +13 points |
| Q4 2024 | -25% | +6.4 points |
MX's operating margin was −29% last quarter, down 4.2 points from the same quarter a year ago.
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 |
MX has the stronger cash trend. Its trailing FCF is down 517% versus its history, compared with AAOI at down 676%.
MX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$28.7M | -$21.2M |
| Q4 2025 | -$4.8M | -209% |
| Q3 2025 | -$7.5M | +$8M |
| Q2 2025 | -$37M | -$35M |
| Q1 2025 | -$4.9M | -$237K |
| Q4 2024 | $4.4M | +$11.9M |
| Q3 2024 | -$15.5M | -1694% |
| Q2 2024 | -$2M | +$9.2M |
MX has burned cash in seven of the last eight quarters: −$78M over the past year, against −$18M 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.
MX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +194K shares |
| 1 year | +2% | +715K shares |
| 3 years | -8.7% | -3.5M shares |
| 5 years | -23% | -11.2M shares |
| Available history | -20% | -9.4M shares |
MX has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $200,799 |
| Q2 2026 | $25.00 |
| Q1 2026 | $176 |
| Q4 2025 | $41,000 |
| Q3 2025 | $320,000 |
| Q2 2025 | $2.7M |
| Q1 2025 | $1.3M |
| Q4 2024 | $3.4M |
MX spent $242,000 buying back its own shares over the past year, down 97% from 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.
MX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -23.1x | Net Cash |
| Q3 2022 | -3.0x | Net Cash |
| Q2 2022 | -2.4x | Net Cash |
| Q1 2022 | -2.5x | Net Cash |
| Q4 2020 | -4.5x | Net Cash |
| Q3 2020 | -4.8x | Net Cash |
| Q2 2020 | 1.5x | Healthy |
| Q1 2020 | 1.8x | Healthy |
MX 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).
MX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 19.7 | Oversold |
MX's weekly RSI is 45 (neutral) and its Stochastic is 20 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
MX PE vs Technology Sector
| Metric | MX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
MX 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 MX on trend strength, trading above more of its moving averages.
MX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.83 | 0.4% below |
| 20 week MA | $3.20 | 12% below |
| 50 week MA | $3.54 | 20% below |
| 100 week MA | $3.53 | 20% below |
| 200 week MA | $5.28 | 47% below |
MX is in a downtrend: it's below all five of its weekly moving averages, and 47% 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 MX on returns for 2026, with the stronger performance.
MX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.7 | $13.1 | +12% |
| 2021 | $13.1 | $19.7 | +51% |
| 2022 | $19.7 | $8.71 | -56% |
| 2023 | $8.71 | $7.50 | -14% |
| 2024 | $7.50 | $4.15 | -45% |
| 2025 | $4.15 | $2.64 | -36% |
| 2026 YTD | $2.64 | $2.82 | +6.8% |
MX has finished four years in a row lower, and it's up 6.8% so far in 2026.