AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over TEAD overall, supported by stronger fundamentals and stronger modeled upside.
TEAD
Teads Holding Co.
TEAD has lower modeled downside risk, despite its lower overall score.
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.
TEAD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Under pressure | |
| Weak |
TEAD's revenue, profitability, cash flow and balance sheet are all currently 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.
TEAD PE Valuation
TEAD 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 TEAD on the outlook, with more favorable earnings and revenue expectations.
TEAD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Decline | |
| Stable | |
| Limited | |
| Low |
Analysts expect TEAD's revenue to decline, with its earnings and profitability holding steady. 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 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.
TEAD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$8.78 | -$7.74 |
| Q2 2024 | -$0.04 | +$0.09 |
| Q1 2024 | $0.21 | +$0.73 |
| Q4 2023 | $0.20 | +$0.64 |
| Q3 2023 | -$0.04 | -108% |
| Q2 2023 | -$0.13 | +$0.40 |
| Q1 2023 | -$0.52 | -$0.45 |
TEAD lost $8.78 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 TEAD 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 TEAD on profitability, with a higher operating margin.
TEAD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $235.1M | -26% |
| Q2 2026 | $284.6M | -17% |
| Q1 2026 | $266M | -7.1% |
| Q4 2025 | $352.2M | +50% |
| Q3 2025 | $318.8M | +42% |
| Q2 2025 | $343.1M | +60% |
| Q1 2025 | $286.4M | +32% |
| Q4 2024 | $234.6M | -5.5% |
TEAD's revenue has held roughly level: $235M last quarter, down 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -131% | -129 points |
| Q2 2026 | -5.5% | -4.8 points |
| Q1 2026 | -8.2% | +7.3 points |
| Q4 2025 | -98% | -99 points |
| Q3 2025 | -2% | -0.6 points |
| Q2 2025 | -0.7% | +2 points |
| Q1 2025 | -16% | -13 points |
| Q4 2024 | 1.1% | -1.2 points |
TEAD's operating margin was −131% last quarter, down 129 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.
TEAD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$28.4M | -$3.9M |
| Q2 2026 | $8M | -66% |
| Q1 2026 | -$35.6M | -$31.7M |
| Q4 2025 | $6.5M | -84% |
| Q3 2025 | -$24.5M | -320% |
| Q1 2025 | -$3.9M | -153% |
| Q4 2024 | $40M | +72% |
| Q1 2024 | $7.3M | +$31.5M |
TEAD 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.
TEAD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +960K shares |
| 1 year | +3.3% | +3.1M shares |
| 3 years | +91% | +46.8M shares |
TEAD has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6,000 |
| Q2 2026 | $75,000 |
| Q1 2026 | $38,000 |
| Q4 2025 | $7,000 |
| Q3 2025 | $86,000 |
| Q2 2025 | $198,000 |
| Q1 2025 | $355,000 |
| Q4 2024 | $210,000 |
TEAD spent $126,000 buying back its own shares over the past year, down 85% from the year before.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TEAD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 34.0x | High |
| Q3 2022 | 6.5x | High |
| Q2 2022 | -11.1x | Net Cash |
TEAD's net debt is more than 20 years of its operating earnings (EBITDA).
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).
TEAD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.4 | Oversold |
| Stochastic | 4.3 | Oversold |
TEAD's weekly RSI is 26 (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.
TEAD PE vs Technology Sector
TEAD 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 TEAD above 0 of 3.
TEAD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.37 | 54% below |
| 20 week MA | $0.54 | 69% below |
| 50 week MA | $0.72 | 76% below |
TEAD is in a downtrend: it's below all three of its weekly moving averages, and 76% below its 50-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 TEAD on returns for 2026, with the stronger performance.
TEAD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $2.85 | $0.91 | -68% |
| 2026 YTD | $0.91 | $0.17 | -81% |
TEAD has finished every year since 2025 lower, and it's down 81% so far in 2026.