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.
VIP
Vulcan Infrastructure and Power Inc. Class A
There isn't enough reported data to score VIP 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.
VIP Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| Weak | |
| Weak |
VIP's profitability is currently stable, but its revenue, cash flow and balance sheet 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.
VIP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.5x | $0.49 | -48% |
| Fair | 4.5x | $0.63 | -32% |
| Current | 6.7x | $0.94 | — |
| Expensive | 12x | $1.71 | +82% |
Historical ranges are pointers, not guarantees.
VIP's PE is 6.7x, but its earnings don't support one, so it isn't a reliable read right now.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| 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.
VIP Forward outlook
There aren't enough analyst estimates for VIP to show an outlook.
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.
VIP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.14 | +$1.71 |
| Q1 2026 | $0.45 | +$2.31 |
| Q4 2025 | $0.34 | +$2.22 |
| Q3 2025 | -$0.22 | +$0.95 |
| Q2 2025 | -$1.57 | +$0.96 |
| Q1 2025 | -$1.86 | +$1.68 |
| Q4 2024 | -$1.88 | +$1.39 |
| Q3 2024 | -$1.17 | +$31.71 |
VIP has the edge over AAOI on earnings quality, reporting a profit while its opponent remains loss making.
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 VIP 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 VIP on profitability, with a higher operating margin.
VIP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.4M | -74% |
| Q1 2026 | $20.8M | +8.3% |
| Q4 2025 | $11.5M | -23% |
| Q3 2025 | $15.2M | +23% |
| Q2 2025 | $12.9M | -1.5% |
| Q1 2025 | $19.2M | -0.5% |
| Q4 2024 | $14.8M | -25% |
| Q3 2024 | $12.4M | -41% |
VIP's revenue has slid since its 2021 peak: $3M last quarter, down 74% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -285% | -258 points |
| Q1 2026 | -22% | -9.4 points |
| Q4 2025 | 15% | +24 points |
| Q3 2025 | 2% | +39 points |
| Q2 2025 | -26% | +1.9 points |
| Q1 2025 | -12% | -2.7 points |
| Q4 2024 | -8.9% | -37 points |
| Q3 2024 | -37% | +11 points |
VIP's operating margin was −285% last quarter, down 258 points from the same quarter a year ago, near the bottom of its range since 2020.
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.
VIP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$4.3M | +$456K |
| Q1 2026 | -$11.4M | -$5.7M |
| Q4 2025 | -$4.6M | -$709K |
| Q3 2025 | $120K | +$1.9M |
| Q2 2025 | -$4.8M | -$3.4M |
| Q1 2025 | -$5.7M | -$736K |
| Q4 2024 | -$3.9M | +$7.4M |
| Q3 2024 | -$1.8M | -198% |
VIP 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.
VIP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +1.2M shares |
| 1 year | +12% | +1.9M shares |
| 3 years | -68% | -36.3M shares |
VIP has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
VIP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 6.5x | High |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 6.3x | High |
| Q2 2025 | 38.8x | High |
| Q1 2025 | 46.3x | High |
| Q4 2024 | 30.3x | High |
| Q3 2024 | 7.3x | High |
| Q2 2024 | 19.8x | High |
VIP's net debt is about 6.5 years of its operating earnings (EBITDA), down from more than 20 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).
VIP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.0 | Neutral |
| Stochastic | 1.4 | Oversold |
VIP's weekly RSI is 35 (neutral) and its Stochastic is 1 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
VIP PE vs Technology Sector
| Metric | VIP | Sector median | Relative |
|---|---|---|---|
| PE | 6.7x | 28x | 76% below |
| PE % | 59 | 45 | 14 pts above |
VIP is trading at 6.7x earnings, a 76% discount to the Technology sector's median of 28x, though its earnings don't support one.
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 VIP on trend strength, trading above more of its moving averages.
VIP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.29 | 27% below |
| 20 week MA | $1.67 | 44% below |
| 50 week MA | $1.51 | 38% below |
| 100 week MA | $1.45 | 35% below |
| 200 week MA | $2.70 | 65% below |
VIP is in a downtrend: it's below all five of its weekly moving averages, and 65% 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 VIP on returns for 2026, with the stronger performance.
VIP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $397.0 | $196.5 | -51% |
| 2022 | $196.5 | $2.50 | -99% |
| 2023 | $2.50 | $6.71 | +168% |
| 2024 | $6.71 | $1.65 | -75% |
| 2025 | $1.65 | $1.54 | -6.7% |
| 2026 YTD | $1.54 | $0.94 | -39% |
VIP's yearly returns have swung widely, from +168% in 2023 to −99% in 2022. It's down 39% so far in 2026.