AAOI
Applied Optoelectronics, Inc.
AAOI offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
QUIK
QuickLogic Corporation
QUIK has the edge over AAOI overall, supported by lower modeled downside and stronger fundamentals.
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.
QUIK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Healthy | |
| Strong |
QUIK's revenue, cash flow and balance sheet are currently healthy, but its profitability is weak.
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.
QUIK PE Valuation
QUIK 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.
QUIK Forward outlook
There aren't enough analyst estimates for QUIK 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 QUIK on earnings, with more consistent year-over-year improvement.
QUIK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.66 | -$0.09 |
| Q2 2026 | -$0.78 | -$0.31 |
| Q1 2026 | -$0.90 | -$0.49 |
| Q4 2025 | -$0.91 | -$0.65 |
| Q3 2025 | -$0.57 | -$0.47 |
| Q2 2025 | -$0.47 | -492% |
| Q1 2025 | -$0.41 | -783% |
| Q4 2024 | -$0.26 | -$0.22 |
QUIK is still losing money, but far less than before: $0.66 per share over the past year, against $2.19 at its worst in late 2019.
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 QUIK 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 QUIK on profitability, with a higher operating margin.
QUIK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.1M | +153% |
| Q2 2026 | $5.5M | +49% |
| Q1 2026 | $5.1M | +17% |
| Q4 2025 | $3.7M | -35% |
| Q3 2025 | $2M | -53% |
| Q2 2025 | $3.7M | -11% |
| Q1 2025 | $4.3M | -28% |
| Q4 2024 | $5.7M | -24% |
QUIK's revenue is recovering but still below its 2023 peak: $5M last quarter, up 153% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +152 points |
| Q2 2026 | -31% | +37 points |
| Q1 2026 | -42% | +3.9 points |
| Q4 2025 | -93% | -90 points |
| Q3 2025 | -194% | -150 points |
| Q2 2025 | -68% | -32 points |
| Q1 2025 | -46% | -49 points |
| Q4 2024 | -4% | -32 points |
QUIK's operating margin was −41% last quarter, up 152 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.
QUIK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2M | +$2.4M |
| Q2 2026 | $999K | +$1.7M |
| Q1 2026 | $63K | +$3.5M |
| Q4 2025 | -$971K | +$197K |
| Q3 2025 | -$1.3M | -$1.2M |
| Q2 2025 | -$726K | +$3.4M |
| Q1 2025 | -$3.5M | -$3.5M |
| Q4 2024 | -$1.2M | -177% |
QUIK has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
QUIK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.7% | +309K shares |
| 1 year | +12% | +1.9M shares |
| 3 years | +34% | +4.7M shares |
| 5 years | +67% | +7.4M shares |
QUIK 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.
QUIK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -103.2x | Net Cash |
| Q3 2024 | -7.3x | Net Cash |
| Q2 2024 | -4.3x | Net Cash |
| Q1 2024 | -7.0x | Net Cash |
| Q4 2023 | -12.4x | Net Cash |
QUIK 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).
QUIK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.2 | Neutral |
| Stochastic | 18.9 | Oversold |
QUIK's weekly RSI is 43 (neutral) and its Stochastic is 19 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
QUIK PE vs Technology Sector
| Metric | QUIK | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
QUIK 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.
QUIK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.77 | 1.4% above |
| 20 week MA | $11.5 | 14% below |
| 50 week MA | $11.7 | 15% below |
| 100 week MA | $9.09 | 9% above |
| 200 week MA | $9.32 | 6.3% above |
QUIK 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.
QUIK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.58 | $3.64 | -21% |
| 2021 | $3.64 | $5.19 | +43% |
| 2022 | $5.19 | $5.11 | -1.5% |
| 2023 | $5.11 | $13.9 | +171% |
| 2024 | $13.9 | $9.86 | -29% |
| 2025 | $9.86 | $6.42 | -35% |
| 2026 YTD | $6.42 | $9.91 | +54% |
QUIK has the edge over AAOI on returns for 2026, with the stronger performance.