AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over RXT overall, supported by stronger fundamentals.
RXT
Rackspace Technology, Inc.
RXT trails on the overall score without a compensating advantage in the available component scores.
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.
RXT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Weak |
RXT's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
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.
RXT PE Valuation
RXT 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 |
AAOI has the edge over RXT on the outlook, with more favorable earnings and revenue expectations.
RXT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect RXT's losses to grow, with revenue holding steady.
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 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.
RXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.58 | +$0.44 |
| Q2 2026 | -$0.65 | +$0.91 |
| Q1 2026 | -$0.61 | +$0.61 |
| Q4 2025 | -$0.95 | +$2.87 |
| Q3 2025 | -$1.02 | +$2.44 |
| Q2 2025 | -$1.56 | +$2.13 |
| Q1 2025 | -$1.22 | +$2.71 |
| Q4 2024 | -$3.82 | +$0.07 |
RXT has the edge over AAOI on earnings, with more consistent year-over-year improvement.
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 RXT 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 RXT on profitability, with a higher operating margin.
RXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $609.1M | -9.3% |
| Q2 2026 | $670.1M | +0.6% |
| Q1 2026 | $678.1M | +1.9% |
| Q4 2025 | $682.8M | -0.4% |
| Q3 2025 | $671.2M | -0.7% |
| Q2 2025 | $666.3M | -2.7% |
| Q1 2025 | $665.4M | -3.7% |
| Q4 2024 | $685.6M | -4.7% |
RXT's revenue fell from its 2022 peak and has held roughly level since: $609M last quarter, down 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2% | +3 points |
| Q2 2026 | -5% | -1.2 points |
| Q1 2026 | -2.6% | +3.1 points |
| Q4 2025 | -0.5% | +3.7 points |
| Q3 2025 | -5% | +21 points |
| Q2 2025 | -3.8% | +4.1 points |
| Q1 2025 | -5.8% | +89 points |
| Q4 2024 | -4.2% | -2.1 points |
RXT's operating margin was −2% last quarter, up 3 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.
RXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2M | -97% |
| Q2 2026 | -$48.3M | -$35.9M |
| Q1 2026 | -$9.4M | -319% |
| Q4 2025 | $56M | +63% |
| Q3 2025 | $42.7M | +56% |
| Q2 2025 | -$12.4M | +$2.1M |
| Q1 2025 | $4.3M | +$122.7M |
| Q4 2024 | $34.4M | -10% |
RXT 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.
RXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +6.2M shares |
| 1 year | +6.6% | +15.9M shares |
| 3 years | +19% | +40.3M shares |
| 5 years | +22% | +47M shares |
| Available history | +1463% | +240M shares |
RXT has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $26.9M |
| Q1 2022 | $4.1M |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 21.3x | High |
| Q2 2026 | 19.1x | High |
| Q1 2026 | 14.1x | High |
| Q4 2025 | 13.4x | High |
| Q3 2025 | 15.6x | High |
| Q2 2025 | 92.0x | High |
| Q1 2020 | 5.6x | High |
| Q4 2019 | 5.5x | High |
RXT's net debt is more than 20 years of its operating earnings (EBITDA), up from 16 years a year ago.
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).
RXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 10.7 | Oversold |
RXT's weekly RSI is 46 (neutral) and its Stochastic is 11 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
RXT PE vs Technology Sector
RXT 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.
RXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.23 | 6.8% below |
| 20 week MA | $3.74 | 20% below |
| 50 week MA | $2.91 | 3.4% above |
| 100 week MA | $2.28 | 32% above |
| 200 week MA | $2.18 | 38% above |
RXT 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.
RXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.4 | $19.9 | +29% |
| 2021 | $19.9 | $14.2 | -29% |
| 2022 | $14.2 | $2.64 | -81% |
| 2023 | $2.64 | $2.00 | -24% |
| 2024 | $2.00 | $2.21 | +10% |
| 2025 | $2.21 | $0.98 | -56% |
| 2026 YTD | $0.98 | $3.01 | +207% |
RXT has the edge over AAOI on returns for 2026, with the stronger performance.