Applied Optoelectronics, Inc. (AAOI)
NasdaqGM · Price as of · Nasdaq Real Time Price
- Profitability5/20
Losing money ($-41.1M over the last four reported quarters), but the top line is growing fast. Revenue over the last four reported quarters was $596.0M, up 48% from $403.4M the year before. Growth this quick earns partial credit; it still has to turn into profit.
- Insider buying vs selling11/20
Insiders are sellers only: 13 sells worth $42.0M, no open-market buys, across the last 20 Form 4s. Routine executive selling is common, so this is only a mild negative. Separately, 2 new 5%+ stake disclosures (13D/13G) hit in the last 6 months, which is big-money accumulation.
- Dilution and offerings1/15
Share count up 35.6% in a year and 5 offering-related filings. Heavy dilution. One nuance: offerings raise cash that can fund real growth. The score docks the certain near-term dilution; if the spending pays off, it shows up later in the profitability component.
- Analysts5
- Implied upside+53.8%
- Target range$109.00 to $220.00
- EPS expected$0.14
- A year ago-$0.09
- Revenue expected$268.1M +126%
- Estimate range$0.10 to $0.19
AAOI closed at $113.28 on Aug 27, up 48.0% since Jul 29. Chart read: price above the 200-day moving average but below the 50-day; the 50-day is above the 200-day (uptrend structure); trading at 43% of the 52-week range ($19.49 to $223.10).
Insider buying and selling at Applied Optoelectronics, Inc. (AAOI)
The most recent Form 4 on record for Applied Optoelectronics, Inc. (AAOI) is June 17, 2026, when Hung-Lun (Fred) Chang, *** See Remarks, sold $6.9M of stock. That sale ran under a pre-arranged 10b5-1 plan, so it was scheduled ahead of time rather than decided that week.
| Insider | Action | Value | Date | Type |
|---|---|---|---|---|
| Hung-Lun (Fred) Chang · *** See Remarks | Sell | $6.9M | June 17, 2026 | Routine |
| Chih-Hsiang (Thompson) Lin · President and CEO | Sell | $9.8M | June 12, 2026 | Own call |
| Cynthia DeLaney · Director | Sell | $10.7M | May 26, 2026 | Own call |
| Chih-Hsiang (Thompson) Lin · President and CEO | Sell | $10.0M | May 19, 2026 | Own call |
| Shu-Hua (Joshua) Yeh · *** See Remarks | Sell | $6.8M | May 19, 2026 | Own call |
| Chih-Hsiang (Thompson) Lin · President and CEO | Buy | $174,057 | August 14, 2025 | Own call |
| Che-Wei Lin · Director | Buy | $99,739 | August 14, 2025 | Own call |
| Chih-Hsiang (Thompson) Lin · President and CEO | Buy | $423,413 | August 12, 2025 | Own call |
Filed notices to sell
A Form 144 is filed beforean insider sells restricted stock. The Form 4 reporting the completed trade isn't due until two business days after the sale, so these land first. They are intentions, not transactions.
| Insider | Value | Filed | Status | Type |
|---|---|---|---|---|
| Yeh Shu-Hua (Joshua) · Officer | $886,396 | August 18, 2026 | Executed | Routine |
| Murry Stefan J. · Officer | $579,170 | August 10, 2026 | Executed | Routine |
| Yeh Shu-Hua (Joshua) · Officer | $596,176 | August 4, 2026 | Executed | Routine |
| Yeh Shu-Hua (Joshua) · Officer | $154,238 | July 21, 2026 | Not yet reported | Routine |
SEC filings
| Form | Filed | Description |
|---|---|---|
| 8-K | August 24, 2026 | FORM 8-K |
| 8-K | August 21, 2026 | FORM 8-K |
| 424B5 | August 21, 2026 | 424B5 |
| 4 | August 20, 2026 | View on EDGAR |
| 144 | August 18, 2026 | View on EDGAR |
| 4 | August 12, 2026 | View on EDGAR |
| SCHEDULE 13G/A | August 10, 2026 | View on EDGAR |
| 144 | August 10, 2026 | View on EDGAR |
Applied Optoelectronics news
All 33 articles
Applied Optoelectronics (AAOI) is doubling down on making its own lasers. A new Texas equipment deal is the proof.
AOI just gave Dutch supplier Trymax a multi-year equipment order to expand its in-house InP laser chip production in Texas. Here is why owning the laser supply matters, and the dilution paying for it.
Applied Optoelectronics (AAOI) filed to sell another $600 million of stock. It has already sold $1.1 billion of shares since March.
Applied Optoelectronics filed an equity distribution agreement after Friday's close to sell up to $600 million of common stock through Raymond James and Needham. It is the company's third such program of 2026. The first two sold about 8.1 million shares for $1.1 billion between March and August. The stock traded near $112 in the post-market, down about 10% from the close.
Coherent (COHR), Lumentum (LITE) and Applied Optoelectronics (AAOI) all beat on earnings. Coherent's stock dropped after hours after reporting.
Coherent beat on revenue and profit and guided higher, its seventh straight beat, capping a clean sweep of AI-optics earnings with Lumentum and Applied Optoelectronics. All three beat. But after a 44% run, Coherent's stock slipped after hours, the same sell-the-news reaction the group keeps showing.
Applied Optoelectronics (AAOI) did a double beat and guided up 42%. Why did the stock tank to $115 before clawing back?
AAOI did a double beat and guided Q3 up 42%. After the report the stock spiked to $142, tanked to $115, then clawed back to around $125. I own it, I'm holding, and here's why I think next week is the real move.
The FCC may ban Chinese optical transceivers. Photonics stocks exploded, and Applied Optoelectronics (AAOI) has run nearly 70% in four sessions.
Reuters says the FCC is drafting a rule that would ban imports of all new optical transceiver models, then exempt many non-Chinese suppliers. The photonics group repriced on it Tuesday morning, and AAOI, down 66% since May, ran the hardest.
Applied Optoelectronics (AAOI) popped today and I'm still long. Here's my real thesis, and why I'm ignoring the AMD rumor.
Applied Optoelectronics (AAOI) jumped about 9% today. My take: the real thesis is the $1.1B-plus revenue guide, the $200M 1.6T order, and a 6x capacity ramp. The AMD talk is unconfirmed X chatter. I'm long, here's how I see it.
Articles that mention Applied Optoelectronics without it being the main subject.
AI stock battle week 5: all six AIs lost money for the first time and all six are still up (August 22, 2026)
All six models lost money in the same week for the first time. Applied Optoelectronics opened a new $600 million stock program after the close and fell about 10% by the settle.
An AI model trains across 100,000 chips that all have to talk at once. The stocks that wire them: Arista (ANET), Broadcom (AVGO), Coherent (COHR) and Astera Labs (ALAB)
Tens of thousands of GPUs have to act like one machine, and the network that connects them is a fast-growing slice of every AI buildout. Here's what Arista, Broadcom, Marvell, the optics makers and Astera Labs each do.
The AI trade rotates to a new sector every week. Which one is it going to be this week?
The AI trade has rotated by sector almost every week: software, then photonics, then memory. So which corner of AI runs next? I make the case for the one group that keeps riding along without ever leading.
Frequently asked questions
When does AAOI report earnings?
Applied Optoelectronics, Inc. (AAOI) is scheduled to report quarterly results on November 5, 2026 (estimated). The 6-analyst consensus is $0.14 per share on revenue of $268.1M for the quarter ending September 30, 2026, against -$0.09 and $118.6M a year earlier. The date is an estimate from past reporting patterns and can move until the company confirms it.
What do analysts expect for AAOI?
5 analysts cover Applied Optoelectronics, Inc. (AAOI). The consensus rating is Buy. The average price target is $163.40, in a range of $109.00 to $220.00.
Are insiders buying or selling AAOI?
We track Form 4 filings for Applied Optoelectronics, Inc. (AAOI). The activity listed on this page shows 5 open-market purchases and 5 qualifying sales. Each row is labelled Routine when the filer declared a pre-arranged 10b5-1 plan, Tax withholding when shares were sold automatically to cover the tax on a vest, or Own call when neither applies.
Where can I see AAOI SEC filings?
Recent filings are listed on this page, newest first. The latest is an 8-K filed August 24, 2026.