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.
QXL
Quantum X Labs Inc.
There isn't enough reported data to score QXL 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.
QXL Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Strong |
QXL's balance sheet is currently strong, but its profitability is weak. There isn't enough data to rate its revenue and cash flow.
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.
QXL PE Valuation
QXL 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.
QXL Forward outlook
There aren't enough analyst estimates for QXL 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 QXL down 215%.
QXL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q1 2024 | -$8.48 | -$5.66 |
| Q4 2023 | -$7.84 | -$3.26 |
| Q3 2023 | -$2.82 | +$5.40 |
| Q2 2023 | -$0.74 | +$8.67 |
| Q1 2023 | -$2.82 | +$5.24 |
| Q4 2022 | -$4.58 | +$0.35 |
| Q3 2022 | -$8.22 | +$3.88 |
| Q2 2022 | -$9.41 | +$0.89 |
QXL is still losing money, but far less than before: $3.25 per share over the past year, against $35.84 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 stronger quarterly revenue trend. Revenue is up 127% for AAOI versus down 91% for QXL.
| 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 QXL on profitability, with a higher operating margin.
QXL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $293K | -87% |
| Q3 2025 | $2.7M | -57% |
| Q2 2025 | $2.3M | -69% |
| Q1 2025 | $2.7M | -73% |
| Q4 2024 | $3.3M | -79% |
| Q3 2024 | $6.3M | -60% |
| Q2 2024 | $7.3M | -73% |
| Q1 2024 | $10M | -52% |
QXL's revenue has slid since its 2023 peak: $293,000 last quarter, down 91% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -476% | -260 points |
| Q3 2025 | -134% | -119 points |
| Q2 2025 | -216% | -141 points |
| Q1 2025 | -35% | -25 points |
| Q4 2024 | -125% | -87 points |
| Q3 2024 | -14% | -3.9 points |
| Q2 2024 | -75% | -76 points |
| Q1 2024 | -10% | -9.8 points |
QXL's operating margin was −476% last quarter, down 351 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.
QXL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.2M | -$821K |
| Q1 2026 | -$604K | -$195K |
| Q4 2023 | $192K | -82% |
| Q3 2023 | -$279K | -118% |
| Q2 2023 | $995K | +$1M |
| Q1 2023 | $10K | +$27K |
| Q4 2022 | $1.1M | +$1.1M |
| Q3 2022 | $1.6M | +$1.6M |
QXL 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 the edge over QXL on shareholder dilution, with a more favorable share count trend.
QXL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +75% | +8.6M shares |
| 1 year | +271% | +14.7M shares |
| 3 years | +2035% | +19.1M shares |
| 5 years | +28723% | +20M shares |
| Available history | +38926% | +20M shares |
QXL has 20M diluted shares, up 271% 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.
QXL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.8x | Net Cash |
| Q3 2023 | 2.9x | Moderate |
| Q2 2023 | 1.6x | Healthy |
QXL 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).
QXL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.2 | Neutral |
| Stochastic | 4.4 | Oversold |
QXL's weekly RSI is 37 (neutral) and its Stochastic is 4 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
QXL PE vs Technology Sector
QXL 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 stronger trend alignment. AAOI is above 1 of 5 weekly averages versus QXL above 0 of 2.
QXL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.96 | 24% below |
| 20 week MA | $4.48 | 33% below |
QXL is in a downtrend: it's below all two of its weekly moving averages, and 33% below its 20-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's yearly returns have swung widely, from +891% in 2023 to −65% in 2022. It's up 42% so far in 2026.
QXL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2026 YTD | $2.09 | $3.02 | +44% |
QXL has the edge over AAOI on returns for 2026, with the stronger performance.