AAOI

Applied Optoelectronics, Inc.

60
Fundamentals62/ 100
Valuation50/ 100
Upside potential70/ 100
Risk potential55/ 100

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.

QNT

Quantinuum Inc. Class A Common Stock

There isn't enough reported data to score QNT yet.

AAOI Fundamentals

MetricStatus
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.

QNT Fundamentals

MetricStatus
Unavailable
Unavailable
Unavailable
Unavailable

There isn't enough reported data to rate QNT's fundamentals.

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.

QNT PE Valuation

QNT has no meaningful PE right now: it lost money over the past year.

AAOI Forward outlook

MetricOutlook
--
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.

QNT Forward outlook

There aren't enough analyst estimates for QNT to show an outlook.

AAOI Risk to reward

ScenarioChangePrice
Upside+125%$118.71
Downside-55%$23.99

Calculated from the latest close: $52.85 on Nov 12.

There is not enough scenario data to compare AAOI and QNT's risk to reward.

QNT Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $37.46 on Nov 12.

There is not enough scenario data to compare AAOI and QNT's risk to reward.

AAOI Earnings Per Share

Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
QuarterTTM EPSYoY
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.

QNT Earnings Per Share

QNT and AAOI do not have enough comparable growth data to identify a winner.

AAOI Quarterly Revenue

Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
QuarterRevenueYoY
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.

QNT Quarterly Revenue

Q2 2026: $8MQ3 2026: $9M
Q2 2026: $8MQ3 2026: $9M

QNT and AAOI do not have enough comparable growth data to identify a winner.

AAOI Free Cash Flow

Q4 2023: −$5MQ1 2024: −$34MQ2 2024: −$5MQ3 2024: −$21MQ4 2024: −$53MQ1 2025: −$79MQ2 2025: −$91MQ3 2025: −$79MQ4 2025: −$105MQ1 2026: −$144MQ2 2026: −$265MQ3 2026: −$370M
Q4 2023: −$5MQ1 2024: −$34MQ2 2024: −$5MQ3 2024: −$21MQ4 2024: −$53MQ1 2025: −$79MQ2 2025: −$91MQ3 2025: −$79MQ4 2025: −$105MQ1 2026: −$144MQ2 2026: −$265MQ3 2026: −$370M
QuarterFree cash flowYoY
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.

QNT Free Cash Flow

Q2 2026: --Q3 2026: −$126M
Q2 2026: --Q3 2026: −$126M

QNT and AAOI do not have enough comparable growth data to identify a winner.

AAOI Total Shares

Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
PeriodChange %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.

QNT Total Shares

Q2 2026: 34MQ3 2026: 37M
Q2 2026: 34MQ3 2026: 37M
PeriodChange %Net change
Quarterly+8.5%+2.9M shares

AAOI Net Leverage

AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

QNT Net Leverage

QNT's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

AAOI Weekly Momentum

MetricValueStatus
RSI35.1Neutral
Stochastic4.8Oversold

AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).

QNT Weekly Momentum

MetricValueStatus
RSI32.6Neutral
Stochastic14.5Oversold

QNT's weekly RSI is 33 (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.

QNT PE vs Technology Sector

QNT has no meaningful PE right now: it lost money over the past year.

AAOI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$80.234% below
20 week MA$100.647% below
50 week MA$100.347% below
100 week MA$62.315% below
200 week MA$36.943% above

AAOI has stronger trend alignment. AAOI is above 1 of 5 weekly averages versus QNT above 0 of 2.

QNT Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$39.85.9% below
20 week MA$50.125% below

QNT is in a downtrend: it's below all two of its weekly moving averages, and 25% below its 20-week average.

AAOI Yearly ROI

YearStart priceEnd priceROI
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 QNT on returns for 2026, with the stronger performance.

QNT Yearly ROI

YearStart priceEnd priceROI
2026 YTD$56.3$37.5-33%

It's down 33% so far in 2026.

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