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.
WOLF
Wolfspeed, Inc.
There isn't enough reported data to score WOLF 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.
WOLF Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Unavailable | |
| Unavailable |
WOLF's revenue and profitability are currently under pressure. There isn't enough data to rate its 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.
WOLF PE Valuation
WOLF 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 |
Analysts expect AAOI to return to profit, with revenue growing. However, they disagree widely on these estimates.
WOLF Forward outlook
There aren't enough analyst estimates for WOLF 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 has the edge over WOLF on earnings, with more consistent year-over-year improvement.
WOLF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$14.25 | -$0.97 |
| Q2 2026 | -$15.76 | -$4.37 |
| Q1 2026 | -$17.37 | -$9.01 |
| Q4 2025 | -$16.18 | -$8.50 |
| Q3 2025 | -$13.28 | -$7.33 |
| Q2 2025 | -$11.39 | -$4.51 |
| Q1 2025 | -$8.36 | -$1.96 |
| Q4 2024 | -$7.68 | -$1.66 |
WOLF lost $14.25 per share over the past year, about the same as its loss 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 WOLF 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 WOLF on profitability, with a higher operating margin.
WOLF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $155M | -21% |
| Q2 2026 | $149.6M | -24% |
| Q1 2026 | $150.2M | -19% |
| Q4 2025 | $168.5M | -6.6% |
| Q3 2025 | $196.8M | +1.1% |
| Q2 2025 | $197M | -1.8% |
| Q1 2025 | $185.4M | -7.6% |
| Q4 2024 | $180.5M | -13% |
WOLF's revenue has slid since its 2022 peak: $155M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -73% | +9.2 points |
| Q2 2026 | -77% | +218 points |
| Q1 2026 | -76% | +29 points |
| Q4 2025 | -94% | +85 points |
| Q3 2025 | -82% | +36 points |
| Q2 2025 | -295% | -223 points |
| Q1 2025 | -105% | -52 points |
| Q4 2024 | -179% | -132 points |
WOLF's operating margin was −73% last quarter, up 9.2 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 |
WOLF has the stronger cash trend. Its trailing FCF is up 76% versus its history, compared with AAOI at down 676%.
WOLF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$94.8M | +$3.5M |
| Q2 2026 | -$59.5M | +$394.9M |
| Q4 2025 | -$72.6M | +$524.3M |
| Q3 2025 | -$98.3M | +$470.7M |
| Q2 2025 | -$454.4M | +$429.4M |
| Q1 2025 | -$362.8M | +$350.9M |
| Q4 2024 | -$596.9M | +$215.8M |
| Q3 2024 | -$569M | +$20.4M |
WOLF has burned cash in almost every quarter: −$325M over the past year, against −$2B the year before.
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.
WOLF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.2% | +3.2M shares |
| 1 year | -65% | -101M shares |
| 3 years | -56% | -70.1M shares |
| 5 years | -53% | -60.9M shares |
| Available history | -49% | -52.9M shares |
WOLF has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WOLF Net Leverage
WOLF's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
WOLF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 28.1 | Neutral |
WOLF's weekly RSI is 49 (neutral) and its Stochastic is 28 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
WOLF PE vs Technology Sector
WOLF 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 |
WOLF has stronger trend alignment. AAOI is above 1 of 5 weekly averages versus WOLF above 1 of 3.
WOLF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.5 | 0.1% above |
| 20 week MA | $28.0 | 5.3% below |
| 50 week MA | $28.8 | 7.9% below |
WOLF has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 7.9% 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's yearly returns have swung widely, from +891% in 2023 to −65% in 2022. It's up 42% so far in 2026.
WOLF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $24.4 | $18.0 | -26% |
| 2026 YTD | $18.0 | $26.5 | +48% |
WOLF has the edge over AAOI on returns for 2026, with the stronger performance.