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.
QCLS
Q/C Technologies, Inc.
There isn't enough reported data to score QCLS 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.
QCLS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Unavailable |
QCLS's profitability is currently weak. There isn't enough data to rate its revenue, cash flow and 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.
QCLS PE Valuation
QCLS 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.
QCLS Forward outlook
There aren't enough analyst estimates for QCLS 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 QCLS down 120%.
QCLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2023 | -$559.41 | +$400.59 |
| Q2 2023 | -$1,009.41 | +$130.59 |
| Q1 2023 | -$949.41 | +$1,420.59 |
| Q4 2022 | -$1,159.41 | +$1,900.59 |
QCLS lost $201.00 per share over the past year, a smaller 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'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.
QCLS Quarterly Revenue
QCLS and AAOI do not have enough comparable growth data to identify a winner.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2020 | -975% | N/A |
| Q4 2019 | -1657% | N/A |
| Q3 2019 | -206% | N/A |
| Q2 2019 | -177% | N/A |
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 |
QCLS has the stronger cash trend. Its trailing FCF is up 30% versus its history, compared with AAOI at down 676%.
QCLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.2M | -$2.4M |
| Q3 2025 | -$1.2M | +$2.5M |
| Q2 2025 | -$2.1M | +$603.1K |
| Q1 2025 | -$2.6M | -$728.2K |
| Q4 2024 | -$764.1K | +$1.2M |
| Q3 2024 | -$3.6M | -$475.2K |
| Q2 2024 | -$2.7M | +$1.3M |
| Q1 2024 | -$1.9M | +$2.1M |
QCLS has burned cash in almost every quarter: −$9M over the past year, against −$9M 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 the edge over QCLS on shareholder dilution, with a more favorable share count trend.
QCLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +193% | +103K shares |
| 1 year | +590% | +134K shares |
| 3 years | +1135% | +144K shares |
| 5 years | +180347% | +157K shares |
QCLS has 156,989 diluted shares, up 590% from a year ago.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
QCLS Net Leverage
QCLS'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).
QCLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 23.3 | Oversold |
| Stochastic | 0.6 | Oversold |
QCLS's weekly RSI is 23 (oversold) and its Stochastic is 1 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
QCLS PE vs Technology Sector
QCLS 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 QCLS on trend strength, trading above more of its moving averages.
QCLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.54 | 43% below |
| 20 week MA | $1.80 | 83% below |
| 50 week MA | $3.22 | 90% below |
| 100 week MA | $17.3 | 98% below |
| 200 week MA | $979.1 | 100% below |
QCLS is in a downtrend: it's below all five of its weekly moving averages, and 100% 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 QCLS on returns for 2026, with the stronger performance.
QCLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19,260.0 | $12,480.0 | -35% |
| 2021 | $12,480.0 | $20,280.0 | +63% |
| 2022 | $20,280.0 | $3,150.0 | -84% |
| 2023 | $3,150.0 | $776.0 | -75% |
| 2024 | $776.0 | $125.0 | -84% |
| 2025 | $125.0 | $4.76 | -96% |
| 2026 YTD | $4.76 | $0.31 | -93% |
QCLS has finished four years in a row lower, and it's down 93% so far in 2026.