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.
RGTI
Rigetti Computing, Inc.
There isn't enough reported data to score RGTI 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.
RGTI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Unavailable |
RGTI's revenue is currently healthy, but its profitability and cash flow are under pressure. 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.
RGTI PE Valuation
RGTI 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.
RGTI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect RGTI'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 edge over RGTI on earnings, with more consistent year-over-year improvement.
RGTI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.38 | +$1.04 |
| Q2 2026 | -$0.92 | -$0.04 |
| Q1 2026 | -$0.89 | -$0.07 |
| Q4 2025 | -$0.70 | +$0.39 |
| Q3 2025 | -$1.42 | -$1.05 |
| Q2 2025 | -$0.88 | -$0.42 |
| Q1 2025 | -$0.82 | -$0.30 |
| Q4 2024 | -$1.09 | -$0.52 |
RGTI is still losing money, but far less than before: $0.38 per share over the past year, against $1.42 at its worst in late 2025.
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 RGTI 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 RGTI on profitability, with a higher operating margin.
RGTI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4M | -28% |
| Q2 2026 | $5.1M | +185% |
| Q1 2026 | $4.4M | +199% |
| Q4 2025 | $1.9M | -18% |
| Q3 2025 | $1.9M | -18% |
| Q2 2025 | $1.8M | -42% |
| Q1 2025 | $1.5M | -52% |
| Q4 2024 | $2.3M | -33% |
RGTI's revenue is growing: $1M last quarter, down 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2352% | -1297 points |
| Q2 2026 | -546% | +558 points |
| Q1 2026 | -590% | +880 points |
| Q4 2025 | -1210% | -396 points |
| Q3 2025 | -1055% | -326 points |
| Q2 2025 | -1104% | -583 points |
| Q1 2025 | -1470% | -926 points |
| Q4 2024 | -813% | -304 points |
RGTI's operating margin was −2352% last quarter, down 1297 points from the same quarter a year ago, near the bottom of its range since 2021.
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.
RGTI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$43.3M | -$23.6M |
| Q2 2026 | -$27.8M | -$5.9M |
| Q1 2026 | -$20.6M | -$4.4M |
| Q4 2025 | -$19.5M | -$9.6M |
| Q3 2025 | -$19.7M | -$2M |
| Q2 2025 | -$21.8M | -$6.3M |
| Q1 2025 | -$16.2M | +$2.4M |
| Q4 2024 | -$9.8M | +$4.1M |
RGTI 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 88M diluted shares, up 39% from a year ago.
RGTI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.7% | +5.7M shares |
| 1 year | +4.3% | +13.9M shares |
| 3 years | +186% | +220M shares |
RGTI has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RGTI Net Leverage
RGTI'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).
RGTI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.0 | Neutral |
| Stochastic | 13.8 | Oversold |
RGTI's weekly RSI is 35 (neutral) and its Stochastic is 14 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
RGTI PE vs Technology Sector
RGTI 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.
RGTI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.8 | 19% below |
| 20 week MA | $14.8 | 30% below |
| 50 week MA | $17.9 | 42% below |
| 100 week MA | $17.6 | 41% below |
| 200 week MA | $9.42 | 9.7% above |
RGTI has fallen below most of its moving averages, though it's still 9.7% above 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 RGTI on returns for 2026, with the stronger performance.
RGTI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $9.91 | $10.4 | +4.4% |
| 2022 | $10.4 | $0.83 | -92% |
| 2023 | $0.83 | $0.98 | +18% |
| 2024 | $0.98 | $17.1 | +1643% |
| 2025 | $17.1 | $22.4 | +31% |
| 2026 YTD | $22.4 | $10.3 | -54% |
RGTI's yearly returns have swung widely, from +1643% in 2024 to −92% in 2022. It's down 54% so far in 2026.