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.
QUBT
Quantum Computing, Inc.
There isn't enough reported data to score QUBT 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.
QUBT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Unavailable |
QUBT's revenue is currently strong, 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.
QUBT PE Valuation
QUBT 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.
QUBT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect QUBT's losses to grow, with revenue growing. However, they disagree widely on these estimates.
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 QUBT down 281%.
QUBT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2025 | -$0.67 | -$0.30 |
| Q2 2025 | -$0.74 | -$0.34 |
| Q1 2025 | -$0.54 | -$0.15 |
| Q4 2024 | -$0.73 | -$0.31 |
QUBT is still losing money, but far less than before: $0.67 per share over the past year, against $1.70 at its worst in late 2020.
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 has the edge over QUBT on profitability, with a higher operating margin.
QUBT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.5M | +2374% |
| Q2 2026 | $5.6M | +9000% |
| Q1 2026 | $3.7M | +9364% |
| Q4 2025 | $198K | +219% |
| Q3 2025 | $384K | +280% |
| Q2 2025 | $61K | -67% |
| Q1 2025 | $39K | +44% |
| Q4 2024 | $62K | -17% |
QUBT's revenue has grown year over year for five quarters in a row: $10M last quarter, up 2374% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -301% | +2409 points |
| Q2 2026 | -415% | +16259 points |
| Q1 2026 | -557% | +20689 points |
| Q4 2025 | -11220% | +3157 points |
| Q3 2025 | -2709% | +2675 points |
| Q2 2025 | -16674% | -13796 points |
| Q1 2025 | -21246% | +2158 points |
| Q4 2024 | -14377% | -5120 points |
QUBT's operating margin was −301% last quarter, up 2408 points from the same quarter a year ago, near the top of its range since 2022.
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.
QUBT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$21.2M | -$9.6M |
| Q2 2026 | -$16.5M | -$9.4M |
| Q1 2026 | -$11.2M | -$5.1M |
| Q4 2025 | -$12.2M | -$5.5M |
| Q3 2025 | -$11.5M | -$6.4M |
| Q2 2025 | -$7.1M | -$2M |
| Q1 2025 | -$6.2M | -$737K |
| Q4 2024 | -$6.6M | -$3M |
QUBT has burned cash in almost every quarter: −$61M over the past year, against −$31M 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 QUBT on shareholder dilution, with a more favorable share count trend.
QUBT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +716K shares |
| 1 year | +59% | +84M shares |
| 3 years | +565% | +192M shares |
| 5 years | +2430% | +217M shares |
QUBT has 225M diluted shares, up 59% 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.
QUBT Net Leverage
QUBT'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).
QUBT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.7 | Neutral |
| Stochastic | 15.2 | Oversold |
QUBT's weekly RSI is 35 (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.
QUBT PE vs Technology Sector
QUBT 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 QUBT on trend strength, trading above more of its moving averages.
QUBT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.03 | 17% below |
| 20 week MA | $7.86 | 26% below |
| 50 week MA | $8.97 | 35% below |
| 100 week MA | $11.2 | 48% below |
| 200 week MA | $6.22 | 6.4% below |
QUBT is in a downtrend: it's below all five of its weekly moving averages, and 6.4% 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 QUBT on returns for 2026, with the stronger performance.
QUBT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.00 | $11.5 | +283% |
| 2021 | $11.5 | $3.83 | -67% |
| 2022 | $3.83 | $1.56 | -59% |
| 2023 | $1.56 | $0.91 | -42% |
| 2024 | $0.91 | $18.4 | +1916% |
| 2025 | $18.4 | $10.7 | -42% |
| 2026 YTD | $10.7 | $5.82 | -45% |
QUBT's yearly returns have swung widely, from +1916% in 2024 to −67% in 2021. It's down 45% so far in 2026.