AAOI

Applied Optoelectronics, Inc.

60
Fundamentals62/ 100
Valuation50/ 100
Upside potential70/ 100
Risk potential55/ 100

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.

SSYS

Stratasys Ltd.

There isn't enough reported data to score SSYS yet.

AAOI Fundamentals

MetricStatus
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.

SSYS Fundamentals

MetricStatus
Unavailable
Under pressure
Unavailable
Unavailable

SSYS's profitability is currently under pressure. There isn't enough data to rate its revenue, cash flow and 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.

SSYS PE Valuation

SSYS has no meaningful PE right now: it lost money over the past year.

AAOI Forward outlook

MetricOutlook
--
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.

SSYS Forward outlook

MetricOutlook
--
Strong growth
Growth
Improving
Limited
Low

Analysts expect earnings and revenue growth for SSYS, with profitability improving. However, they disagree widely on these estimates.

AAOI Risk to reward

ScenarioChangePrice
Upside+125%$118.71
Downside-55%$23.99

Calculated from the latest close: $52.85 on Nov 12.

There is not enough scenario data to compare AAOI and SSYS's risk to reward.

SSYS Risk to reward

ScenarioChangePrice
UpsideUnknownโ€”
DownsideUnknownโ€”

Calculated from the latest close: $5.81 on Nov 12.

There is not enough scenario data to compare AAOI and SSYS's risk to reward.

AAOI Earnings Per Share

Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
QuarterTTM EPSYoY
Forward$2.98โ€”
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 SSYS down 153%.

SSYS Earnings Per Share

Q4 2024: $-1.69Q1 2025: $-1.50Q2 2025: $-1.34Q3 2025: $-1.62Q4 2025: $-1.25Q3 2026: $-0.80Forward: $0.16
Q4 2024: $-1.69Q1 2025: $-1.50Q2 2025: $-1.34Q3 2025: $-1.62Q4 2025: $-1.25Q3 2026: $-0.80Forward: $0.16
QuarterTTM EPSYoY
Forward$0.16โ€”
Q3 2026-$0.80+$0.82
Q4 2025-$1.25+$0.44
Q1 2022-$0.98+$7.02
Q4 2021-$0.98+$7.10
Q3 2021-$0.73+$7.58
Q2 2021-$7.80-$6.71
Q1 2021-$8.00-$7.44
Q4 2020-$8.08-$7.88

SSYS is still losing money, but far less than before: $0.80 per share over the past year, against $8.31 at its worst in late 2020.

AAOI Quarterly Revenue

Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
QuarterRevenueYoY
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%

SSYS has the stronger quarterly revenue trend. Revenue is up 127% for AAOI versus up 204% for SSYS.

SSYS Quarterly Revenue

Q2 2023: $160MQ3 2023: $162MQ4 2023: $156MQ1 2024: $144MQ2 2024: $138MQ3 2024: $140MQ4 2024: $150MQ1 2025: $136MQ2 2025: $138MQ3 2025: $137MQ4 2025: $140MQ3 2026: $413M
Q2 2023: $160MQ3 2023: $162MQ4 2023: $156MQ1 2024: $144MQ2 2024: $138MQ3 2024: $140MQ4 2024: $150MQ1 2025: $136MQ2 2025: $138MQ3 2025: $137MQ4 2025: $140MQ3 2026: $413M
QuarterRevenueYoY
Q3 2026$412.9M+201%
Q4 2025$140M-6.9%
Q3 2025$137M-2.2%
Q2 2025$138.1M0%
Q1 2025$136M-5.6%
Q4 2024$150.4M-3.8%
Q3 2024$140M-14%
Q2 2024$138M-14%

SSYS's revenue is growing: $413M last quarter, up 204% from the same quarter a year ago.

AAOI Free Cash Flow

Q4 2023: โˆ’$5MQ1 2024: โˆ’$34MQ2 2024: โˆ’$5MQ3 2024: โˆ’$21MQ4 2024: โˆ’$53MQ1 2025: โˆ’$79MQ2 2025: โˆ’$91MQ3 2025: โˆ’$79MQ4 2025: โˆ’$105MQ1 2026: โˆ’$144MQ2 2026: โˆ’$265MQ3 2026: โˆ’$370M
Q4 2023: โˆ’$5MQ1 2024: โˆ’$34MQ2 2024: โˆ’$5MQ3 2024: โˆ’$21MQ4 2024: โˆ’$53MQ1 2025: โˆ’$79MQ2 2025: โˆ’$91MQ3 2025: โˆ’$79MQ4 2025: โˆ’$105MQ1 2026: โˆ’$144MQ2 2026: โˆ’$265MQ3 2026: โˆ’$370M
QuarterFree cash flowYoY
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

SSYS has the stronger cash trend. Its trailing FCF is down 6.9% versus its history, compared with AAOI at down 676%.

SSYS Free Cash Flow

Q2 2023: โˆ’$26MQ3 2023: โˆ’$15MQ4 2023: โˆ’$12MQ1 2024: $5MQ2 2024: โˆ’$5MQ3 2024: โˆ’$6MQ4 2024: $3MQ1 2025: $789,000Q2 2025: โˆ’$8MQ3 2025: $2MQ4 2025: โˆ’$2MQ3 2026: โˆ’$24M
Q2 2023: โˆ’$26MQ3 2023: โˆ’$15MQ4 2023: โˆ’$12MQ1 2024: $5MQ2 2024: โˆ’$5MQ3 2024: โˆ’$6MQ4 2024: $3MQ1 2025: $789,000Q2 2025: โˆ’$8MQ3 2025: $2MQ4 2025: โˆ’$2MQ3 2026: โˆ’$24M
QuarterFree cash flowYoY
Q3 2026-$23.7M-1066%
Q4 2025-$1.8M-157%
Q3 2025$2.5M+$8.8M
Q2 2025-$8.4M-$3.5M
Q1 2025$789K-84%
Q4 2024$3.2M+$15.7M
Q3 2024-$6.3M+$8.7M
Q2 2024-$4.9M+$21.1M

SSYS has burned cash in most quarters: โˆ’$31M over the past year, against โˆ’$7M the year before.

AAOI Total Shares

Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
PeriodChange %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.

SSYS Total Shares

Q4 2023: 69MQ1 2024: 70MQ2 2024: 71MQ3 2024: 71MQ4 2024: 71MQ1 2025: 72MQ2 2025: 83MQ3 2025: 85MQ4 2025: 82MQ3 2026: 87M
Q4 2023: 69MQ1 2024: 70MQ2 2024: 71MQ3 2024: 71MQ4 2024: 71MQ1 2025: 72MQ2 2025: 83MQ3 2025: 85MQ4 2025: 82MQ3 2026: 87M
PeriodChange %Net change
Quarterly+6.7%+5.5M shares
1 year+21%+15.1M shares
3 years+34%+22M shares
5 years+59%+32.4M shares

SSYS 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.

SSYS Net Leverage

SSYS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

AAOI Weekly Momentum

MetricValueStatus
RSI35.1Neutral
Stochastic4.8Oversold

AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).

SSYS Weekly Momentum

MetricValueStatus
RSI32.0Neutral
Stochastic4.3Oversold

SSYS's weekly RSI is 32 (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.

SSYS PE vs Technology Sector

SSYS has no meaningful PE right now: it lost money over the past year.

AAOI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$80.234% below
20 week MA$100.647% below
50 week MA$100.347% below
100 week MA$62.315% below
200 week MA$36.943% above

AAOI has the edge over SSYS on trend strength, trading above more of its moving averages.

SSYS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$7.2019% below
20 week MA$7.7825% below
50 week MA$8.6533% below
100 week MA$9.4639% below
200 week MA$10.746% below

SSYS is in a downtrend: it's below all five of its weekly moving averages, and 46% below its 200-week average.

AAOI Yearly ROI

YearStart priceEnd priceROI
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 SSYS on returns for 2026, with the stronger performance.

SSYS Yearly ROI

YearStart priceEnd priceROI
2020$20.5$21.6+5.5%
2021$21.6$24.0+11%
2022$24.0$11.5-52%
2023$11.5$14.3+25%
2024$14.3$9.15-36%
2025$9.15$8.95-2.2%
2026 YTD$8.95$5.81-35%

SSYS has finished lower in three of the last six years. It's down 35% so far in 2026.

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