AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over TTEC overall, supported by stronger fundamentals and stronger modeled upside.
TTEC
TTEC Holdings, Inc.
TTEC 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.
TTEC Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Stable | |
| Weak |
TTEC's cash flow is currently stable, but its revenue, profitability 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.
TTEC PE Valuation
TTEC 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 TTEC on the outlook, with more favorable revenue expectations.
TTEC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect TTEC's earnings to grow and its profitability to improve, with its 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.
TTEC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.22 | — |
| Q3 2026 | -$4.14 | -$3.76 |
| Q2 2026 | -$4.32 | -$3.78 |
| Q1 2026 | -$4.18 | +$2.48 |
| Q4 2025 | -$3.99 | +$2.75 |
| Q3 2025 | -$0.38 | +$6.61 |
| Q2 2025 | -$0.54 | +$6.04 |
| Q1 2025 | -$6.66 | -$6.40 |
| Q4 2024 | -$6.74 | -3844% |
TTEC is still losing money, but less than at its worst: $4.14 per share over the past year, against $6.99 at its worst in late 2024.
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 TTEC 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's operating margin was −0.5% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
TTEC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $492.2M | -5.2% |
| Q2 2026 | $455.5M | -11% |
| Q1 2026 | $496.2M | -7.1% |
| Q4 2025 | $570M | +0.4% |
| Q3 2025 | $519.1M | -1.9% |
| Q2 2025 | $513.6M | -3.8% |
| Q1 2025 | $534.2M | -7.4% |
| Q4 2024 | $567.4M | -9.4% |
TTEC's revenue has slid since its 2022 peak: $492M last quarter, down 5.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +2.4 points |
| Q2 2026 | 2.4% | -1.3 points |
| Q1 2026 | 3.7% | -0.8 points |
| Q4 2025 | -30% | -33 points |
| Q3 2025 | 2.4% | -0.1 points |
| Q2 2025 | 3.7% | +46 points |
| Q1 2025 | 4.5% | +0.6 points |
| Q4 2024 | 2.7% | 0 points |
TTEC has the edge over AAOI on profitability, with a higher operating margin.
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.
TTEC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $27.9M | +$37.5M |
| Q2 2026 | $38.7M | -55% |
| Q1 2026 | $21.1M | +31% |
| Q4 2025 | -$9.2M | +$636K |
| Q3 2025 | -$9.6M | +$90.6M |
| Q2 2025 | $85.5M | +144% |
| Q1 2025 | $16.2M | +$45.3M |
| Q4 2024 | -$9.8M | -153% |
TTEC has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
TTEC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +419K shares |
| 1 year | +1.7% | +833K shares |
| 3 years | +3.8% | +1.8M shares |
| 5 years | +4.1% | +1.9M shares |
| Available history | +5.3% | +2.5M shares |
TTEC 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.
TTEC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 5.0x | High |
| Q2 2025 | 4.9x | High |
| Q1 2024 | 4.4x | High |
| Q4 2023 | 3.8x | Elevated |
| Q3 2023 | 3.2x | Elevated |
| Q2 2023 | 3.0x | Moderate |
| Q1 2023 | 2.8x | Moderate |
| Q4 2022 | 2.9x | Moderate |
TTEC's net debt is about 5.0 years of its operating earnings (EBITDA), up from 3.1 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).
TTEC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.4 | Neutral |
| Stochastic | 44.8 | Neutral |
TTEC's weekly RSI is 64 (neutral) and its Stochastic is 45 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
TTEC PE vs Technology Sector
| Metric | TTEC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TTEC 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.
TTEC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.64 | 80% above |
| 20 week MA | $1.75 | 69% above |
| 50 week MA | $2.42 | 22% above |
| 100 week MA | $3.22 | 8.1% below |
| 200 week MA | $11.7 | 75% below |
TTEC 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 has the edge over TTEC on returns for 2026, with the stronger performance.
TTEC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.2 | $77.0 | +101% |
| 2021 | $77.0 | $92.1 | +20% |
| 2022 | $92.1 | $44.0 | -52% |
| 2023 | $44.0 | $21.7 | -51% |
| 2024 | $21.7 | $4.90 | -77% |
| 2025 | $4.90 | $3.57 | -27% |
| 2026 YTD | $3.57 | $2.96 | -17% |
TTEC has finished four years in a row lower, and it's down 17% so far in 2026.