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.
SOUN
SoundHound AI, Inc.
There isn't enough reported data to score SOUN 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.
SOUN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Strong |
SOUN's revenue and balance sheet are currently healthy, but its profitability and cash flow are 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.
SOUN PE Valuation
SOUN 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 SOUN on the outlook, with more favorable earnings expectations.
SOUN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect SOUN'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 SOUN down 357%.
SOUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2025 | -$0.90 | -$0.55 |
| Q2 2025 | -$0.69 | -$0.31 |
| Q1 2025 | -$0.61 | -$0.24 |
| Q4 2024 | -$1.04 | -$0.66 |
| Q3 2024 | -$0.35 | +$0.34 |
| Q2 2024 | -$0.38 | +$0.37 |
| Q1 2024 | -$0.37 | +$0.47 |
SOUN lost $0.90 per share over the past year, a bigger loss than the year before.
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 SOUN on sales, with stronger typical year-over-year growth.
| 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 SOUN on profitability, with a higher operating margin.
SOUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $62.4M | +48% |
| Q2 2026 | $61.9M | +45% |
| Q1 2026 | $44.2M | +52% |
| Q4 2025 | $55.1M | +59% |
| Q3 2025 | $42M | +68% |
| Q2 2025 | $42.7M | +217% |
| Q1 2025 | $29.1M | +151% |
| Q4 2024 | $34.5M | +101% |
SOUN's revenue has grown year over year every quarter since early 2023: $62M last quarter, up 48% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -74% | +202 points |
| Q2 2026 | -70% | +113 points |
| Q1 2026 | -51% | -491 points |
| Q4 2025 | 77% | +822 points |
| Q3 2025 | -276% | -141 points |
| Q2 2025 | -183% | -20 points |
| Q1 2025 | 440% | +686 points |
| Q4 2024 | -744% | -672 points |
SOUN's operating margin was −74% last quarter, up 202 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.
SOUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$36.3M | -$3.5M |
| Q2 2026 | -$34.1M | -$9.4M |
| Q1 2026 | -$26.7M | -$7.4M |
| Q4 2025 | -$22.3M | +$10.9M |
| Q3 2025 | -$32.8M | +$2.7M |
| Q2 2025 | -$24.7M | -$6M |
| Q1 2025 | -$19.3M | +$2.7M |
| Q4 2024 | -$33.2M | -$19.3M |
SOUN 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.
SOUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +15.9M shares |
| 1 year | +10% | +42.8M shares |
| 3 years | +88% | +212M shares |
SOUN has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SOUN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -22.9x | Net Cash |
SOUN 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).
SOUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.9 | Oversold |
| Stochastic | 3.6 | Oversold |
SOUN's weekly RSI is 28 (oversold) 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.
SOUN PE vs Technology Sector
SOUN 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 SOUN on trend strength, trading above more of its moving averages.
SOUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.79 | 25% below |
| 20 week MA | $5.95 | 39% below |
| 50 week MA | $7.58 | 53% below |
| 100 week MA | $10.2 | 65% below |
| 200 week MA | $7.06 | 49% below |
SOUN is in a downtrend: it's below all five of its weekly moving averages, and 49% 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 SOUN on returns for 2026, with the stronger performance.
SOUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $6.50 | $1.00 | -85% |
| 2023 | $1.00 | $2.12 | +112% |
| 2024 | $2.12 | $24.0 | +1030% |
| 2025 | $24.0 | $10.7 | -55% |
| 2026 YTD | $10.7 | $3.60 | -66% |
SOUN's yearly returns have swung widely, from +1030% in 2024 to −85% in 2022. It's down 66% so far in 2026.