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.
OPTX
Syntec Optics Holdings, Inc.
There isn't enough reported data to score OPTX 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.
OPTX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Strong |
OPTX's revenue and balance sheet are currently healthy, but its profitability and cash flow are under pressure.
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.
OPTX PE Valuation
OPTX 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.
OPTX Forward outlook
There aren't enough analyst estimates for OPTX 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 edge over OPTX on earnings, with more consistent year-over-year improvement.
OPTX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.06 | -$0.01 |
| Q1 2026 | -$0.08 | -$0.05 |
| Q4 2025 | -$0.05 | +$0.02 |
| Q3 2025 | -$0.09 | -182% |
OPTX lost $0.06 per share over the past year, a bigger loss than the year before.
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 OPTX 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'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.
OPTX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $8.3M | +26% |
| Q1 2026 | $6.5M | -7.9% |
| Q4 2025 | $7.5M | +2.5% |
| Q3 2025 | $7M | -12% |
| Q2 2025 | $6.6M | -6.4% |
| Q1 2025 | $7.1M | +13% |
OPTX's revenue has held roughly level: $8M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 3.9% | +6.1 points |
| Q1 2026 | -12% | -19 points |
| Q4 2025 | 4.3% | +24 points |
| Q3 2025 | -18% | -19 points |
| Q2 2025 | -2.2% | -4.5 points |
| Q1 2025 | 7.5% | +30 points |
| Q4 2024 | -20% | N/A |
| Q3 2024 | 1.4% | N/A |
OPTX 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.
OPTX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.1M | -$527.1K |
| Q1 2026 | $175.3K | +107% |
| Q4 2025 | -$4.4K | -136% |
| Q3 2025 | $496.3K | +1032% |
| Q2 2025 | -$548.1K | +$1.3M |
| Q1 2025 | $84.6K | +$469.6K |
OPTX 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 88M diluted shares, up 39% from a year ago.
OPTX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.1% | +2.2M shares |
| 1 year | +6.2% | +2.3M shares |
OPTX has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
OPTX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -12.0x | Net Cash |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 5.3x | High |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 13.1x | High |
OPTX 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).
OPTX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.5 | Neutral |
| Stochastic | 26.2 | Neutral |
OPTX's weekly RSI is 47 (neutral) and its Stochastic is 26 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
OPTX PE vs Technology Sector
| Metric | OPTX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
OPTX 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 fallen below most of its moving averages, though it's still 43% above its 200-week average.
OPTX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.98 | 2.6% below |
| 20 week MA | $7.60 | 11% below |
| 50 week MA | $7.26 | 6.3% below |
| 100 week MA | $4.51 | 51% above |
| 200 week MA | $5.35 | 27% above |
OPTX 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's yearly returns have swung widely, from +891% in 2023 to −65% in 2022. It's up 42% so far in 2026.
OPTX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $9.85 | $9.92 | +0.7% |
| 2023 | $9.92 | $5.03 | -49% |
| 2024 | $5.03 | $3.34 | -34% |
| 2025 | $3.34 | $2.55 | -24% |
| 2026 YTD | $2.55 | $6.80 | +167% |
OPTX has the edge over AAOI on returns for 2026, with the stronger performance.