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.
PHUN
Phunware, Inc.
There isn't enough reported data to score PHUN 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.
PHUN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
PHUN'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.
PHUN PE Valuation
PHUN 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.
PHUN Forward outlook
There aren't enough analyst estimates for PHUN 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 |
PHUN has the stronger earnings trend. Trailing diluted EPS is down 112% for AAOI versus PHUN down 104%.
PHUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$10.08 | +$8.42 |
| Q2 2024 | -$17.83 | -$3.33 |
| Q1 2024 | -$20.51 | -$0.51 |
| Q4 2023 | -$22.18 | +$3.32 |
| Q3 2023 | -$18.50 | +$20.50 |
| Q2 2023 | -$14.50 | +$20.50 |
| Q1 2023 | -$20.00 | +$12.50 |
| Q4 2022 | -$25.50 | +$9.00 |
PHUN is still losing money, but far less than before: $0.65 per share over the past year, against $39.00 at its worst in late 2022.
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 PHUN 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 PHUN on profitability, with a higher operating margin.
PHUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $799K | +76% |
| Q1 2026 | $542K | -21% |
| Q4 2025 | $788K | +33% |
| Q3 2025 | $622K | -6.5% |
| Q2 2025 | $455K | -55% |
| Q1 2025 | $688K | -25% |
| Q3 2024 | $665K | -76% |
| Q2 2024 | $1M | -71% |
PHUN's revenue is recovering but still below its 2022 peak: $799,000 last quarter, up 76% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -757% | +179 points |
| Q1 2026 | -742% | -42 points |
| Q4 2025 | -1008% | -182 points |
| Q3 2025 | -563% | -83 points |
| Q2 2025 | -936% | -646 points |
| Q1 2025 | -700% | -388 points |
| Q4 2024 | -826% | N/A |
| Q3 2024 | -480% | +184 points |
PHUN's operating margin was −757% last quarter, up 179 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 |
AAOI has burned cash in almost every quarter: −$883M over the past year, against −$302M the year before.
PHUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$5.7M | -$2.3M |
| Q1 2026 | -$2.7M | +$608K |
| Q4 2025 | -$3.2M | -$484K |
| Q3 2025 | -$2.5M | -$96K |
| Q2 2025 | -$3.5M | -$780K |
| Q1 2025 | -$3.3M | +$2.2M |
| Q4 2024 | -$2.7M | -$146K |
| Q3 2024 | -$2.4M | +$924K |
PHUN 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.
PHUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +243K shares |
| 1 year | +1.3% | +260K shares |
| 3 years | +932% | +18.5M shares |
| 5 years | +2340% | +19.6M shares |
PHUN has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $27,000 |
| Q1 2023 | $475,000 |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PHUN Net Leverage
PHUN'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).
PHUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 15.3 | Oversold |
PHUN's weekly RSI is 34 (neutral) and its Stochastic is 15 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
PHUN PE vs Technology Sector
PHUN 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 PHUN on trend strength, trading above more of its moving averages.
PHUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.93 | 9.8% below |
| 20 week MA | $2.02 | 14% below |
| 50 week MA | $1.96 | 11% below |
| 100 week MA | $2.56 | 32% below |
| 200 week MA | $8.89 | 80% below |
PHUN is in a downtrend: it's below all five of its weekly moving averages, and 80% 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 PHUN on returns for 2026, with the stronger performance.
PHUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.0 | $50.5 | -14% |
| 2021 | $50.5 | $153.0 | +203% |
| 2022 | $153.0 | $39.1 | -74% |
| 2023 | $39.1 | $4.10 | -90% |
| 2024 | $4.10 | $5.73 | +40% |
| 2025 | $5.73 | $1.92 | -66% |
| 2026 YTD | $1.92 | $1.74 | -9.4% |
PHUN's yearly returns have swung widely, from +203% in 2021 to −90% in 2023. It's down 9.4% so far in 2026.