Insider buying last 90 days
No open-market insider purchases were filed for AAOI in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every AAOI insider filing, plotted on the chart in Gekko.Open AAOI in Gekko
NASDAQ: AAOI
Applied Optoelectronics (AAOI) Stock Analysis & Forecast
Sep 28 close
$96.82−4.58 (−4.5%)
Gekko Brief
AI summaryApplied Optoelectronics shares slid this week as surging Treasury yields stirred concerns over enterprise AI infrastructure spending, part of a broader pullback across optics and photonics names even after Citi issued an $11B switching forecast for the group. Coherent and Corning moved in tandem with AAOI on the sector-wide swings. Separately, coverage continues to frame AAOI's data center business around growing 800G volumes and upcoming 1.6T products, with comparisons drawn against peers Fabrinet and Lumentum on AI-driven demand and capacity constraints.
AAOI closed at $96.82, down 4.5%, with the stock sitting below both its 50-day average of $111.59 and 200-day average of $107.34. The GekkoIndex reads 64.4, placing the stock in the Accumulation zone. Price sits 26.5% below Gekko Fair Value of $131.67, a gap that bears watching alongside the stock's typical daily move of 6.6%.
The next earnings date falls on 5 November 2026, 37 days out and beyond a typical 20-trading-day holding window; the prior quarter showed a 5.5% reaction with an average absolute reaction of 20.3% across recent reports. In the last 30 days, 5 unusual options signals have registered, with call premium of $12,092,618 against put premium of $8,113,219. Seasonally, the next 20 trading days have averaged a 9.9% return over 5 years, rising in 4 of them, a pattern worth noting given current volatility.
Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.
Applied Optoelectronics price vs fair value
Close $96.82200-day averageGekko Fair Value $131.67
Applied Optoelectronics quick facts
- Market cap
- $7.77B
- P/E ratio
- —
- Forward P/E
- 84
- EPS, TTM
- −$0.77
- Revenue, TTM
- $596.0M
- Profit margin
- -9.6%
- Dividend yield
- —
- Beta
- 3.78
- Volume
- 8.13M avg 6.65M
- 1-year return
- +267.6%
- Typical daily move
- ±6.6%
- Typical 20-day move
- ±19.6%
- 50-day average
- $111.59
- 200-day average
- $107.34
- Next earnings
- Nov 5 after close
- Shares outstanding
- 84.91M
Applied Optoelectronics swing-trade checklist
Applied Optoelectronics scores 5 supportive, 1 mixed and 0 headwinds across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
5 supportive1 mixed0 headwinds
- Trendmixed
Averages disagree
Close $96.82 sits between the 50-day ($111.59) and 200-day ($107.34) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
64.4, Accumulation
Reading 64.4 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
26.5% below
Price is 26.5% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneysupportive
Leans bullish
Last 30 days: 5 unusual options signals.
See smart money - Earnings risksupportive
Reports in 37 days
Next report Nov 5, 2026, 37 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+9.9% on average
From this point in the calendar, the next 20 trading days averaged +9.9% over 5 years, rising in 4 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Applied Optoelectronics stock chart and price history
Applied Optoelectronics closed at $96.82 on Sep 28, 2026, +267.6% over the past year, inside a 52-week range of $18.50 to $233.67.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −14.5%
- 3 months
- −35.5%
- 6 months
- −1.4%
- 1 year
- +267.6%
The full AAOI chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open AAOI in Gekko
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About Applied Optoelectronics
Applied Optoelectronics builds and markets equipment used to carry data over fiber-optic lines. Among the items it makes are optical modules, lasers and related parts, subassemblies, transceivers, and ready-to-deploy systems, plus hardware such as headend, node, and distribution gear that keeps larger networks running.
Sales happen both directly and through outside partners. Buyers include companies that run internet data centers, firms that build cable television and telecom equipment, and providers of internet service, so its work touches several corners of network infrastructure at once.
The company traces back to 1997 and runs its operations out of Sugar Land, Texas. Its stock trades on the NASDAQ under the ticker AAOI.
- Listed
- NASDAQ
- Sector
- Electronic technology
- Industry
- Semiconductors
- Website
- ao-inc.com
Applied Optoelectronics GekkoIndex: the smart money zone
Applied Optoelectronics’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 64.4, in the Accumulation zone, up 4.7 points over five sessions.
64.4Accumulation
Up 4.7 points over five sessions, from the Neutral zone.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 30 | +5.3% | +9.0% | ||
| Accumulation (current zone) | 220 | +0.1% | +5.1% | ||
| Neutral | 379 | +4.5% | +16.4% | ||
| Distribution | 41 | −0.4% | +2.6% | ||
| Selling | 2 | Too few readings yet | |||
Average AAOI share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the AAOI price, zone by zone.Track AAOI in Gekko
Is Applied Optoelectronics stock overvalued? Gekko Fair Value
Applied Optoelectronics trades 26.5% below Gekko Fair Value of $131.67, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Applied Optoelectronics shares are worth, recalculated every trading day.
$131.67
Gekko Fair Value, Sep 29, 2026
26.5% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open AAOI in Gekko
Applied Optoelectronics insider and Congress trading
No open-market insider purchases were filed for Applied Optoelectronics, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in AAOI were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for AAOI, plotted on the chart in Gekko.Open AAOI in Gekko
Buybacks
Applied Optoelectronics has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2022
- $87K
- As a share of market cap
- 0.00%
From company filings.
Unusual options activity last 30 days
5signals, 60% of the flagged premium in calls.
Latest: Bullish flow on Sep 25, $4.35M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
0of the funds Gekko tracks hold AAOI.
0added0opened0trimmed3sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
Applied Optoelectronics earnings: next date and track record
Applied Optoelectronics reports on Nov 5, 2026, after the close (37 days away), and beat the EPS estimate in 3 of its last 8 reports.
Next earnings report
Nov 5, 2026
Expected after the close, 37 days away
- EPS estimate
- $0.14
- Revenue estimate
- $268.1M
3 of 8reports beat the EPS estimate
±20.3%average move across the report
5 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 6, 2026 AI summary
- What they said
- AOI reported Q2 2026 revenue of $191.9 million with non-GAAP gross margin of 29.8%, marking their 5th consecutive quarter of record revenue. The company returned to non-GAAP profitability with EPS of $0.06, exceeding expectations. 800G product volumes more than doubled sequentially, driven by strong AI infrastructure demand. Demand continues to outpace production capacity through mid-2027.
- Guidance
- AOI projects full-year 2026 revenue of approximately $1.1 billion and expects continued sequential revenue growth with ongoing non-GAAP profitability. Near-term revenue is constrained by production capacity and component availability rather than demand.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 6, 2026 | −$0.21 est −$0.02 | $191.9M est $190.5M | +5.5% |
| May 7, 2026 | −$0.07 est −$0.05 | $151.1M est $157.0M | −16.6% |
| Feb 26, 2026 | −$0.01 est −$0.11 | $134.3M est $132.3M | +44.9% |
| Nov 6, 2025 | −$0.09 est −$0.10 | $118.6M est $131.6M | −9.3% |
| Aug 7, 2025 | −$0.16 est −$0.08 | $103.0M est $118.6M | −7.1% |
| May 8, 2025 | −$0.02 est −$0.04 | $99.86M est $99.37M | +4.9% |
| Feb 26, 2025 | −$0.02 est −$0.02 | $100.3M est $99.98M | +3.0% |
| Nov 7, 2024 | −$0.21 est −$0.17 | $65.15M est $99.92M | +71.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Applied Optoelectronics stock forecast and analyst price targets
Analysts’ average 12-month price target for Applied Optoelectronics is $163.40, +68.8% from the last close, from 5 firms rating the stock in the last 90 days.
$163.40consensus 12-month target, +68.8% from the last close
Now $96.82Avg $163.40
Low $109High $220
Each firm’s latest rating in the last 90 days: 5 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Aug 19 | Rosenblatt Securities | $220 | +127.2% |
| Aug 11 | Raymond James | $178 | +83.8% |
| Aug 7 | Raymond James | $151 | +56.0% |
| Aug 7 | Northland Securities | $120 | +23.9% |
| Aug 7 | B. Riley Securities | $109 | +12.6% |
+5.1%average 20-day move after past Accumulation readings
+9.9%average move over the next 20 trading days in the last 5 years
±6.6%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Applied Optoelectronics seasonality: the next 20 trading days
Over the next 20 trading days from Sep 29, Applied Optoelectronics averaged +9.9% across the last 5 years, rising in 4 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +6.5% | 3 of 5 |
| Next 10 trading days | +3.2% | 4 of 5 |
| Next 15 trading days | +8.3% | 4 of 5 |
| Next 20 trading days | +9.9% | 4 of 5 |
| Next 30 trading days | +10.0% | 1 of 5 |
For scale, AAOI’s typical 20-trading-day move in either direction is about 19.6%.
Applied Optoelectronics market cap and key statistics
Applied Optoelectronics’s market cap is $7.77B and revenue of $596.0M over the last twelve months.
Valuation
- Market cap
- $7.77B
- Forward P/E
- 84
- EPS, TTM
- −$0.77
- Gekko Fair Value
- $131.67
Trading
- Volume
- 8.13M
- Avg volume, 20 days
- 6.65M
- 52-week high
- $233.67
- 52-week low
- $18.50
- Shares outstanding
- 84.91M
Financials
- Revenue, TTM
- $596.0M
- Profit margin
- -9.6%
- Return on equity
- -5.4%
- Quarterly earnings growth, YoY
- 0.0%
Risk and income
- Beta
- 3.78
- Typical daily move
- ±6.6%
- Typical 20-day move
- ±19.6%
Applied Optoelectronics stock news this week
Coverage of Applied Optoelectronics this week reads positive: 2 positive, 1 neutral and 1 negative headlines.
- Applied Optoelectronics Stock Slides Monday: What's Happening?Benzinga, Sep 28
- Optics Stocks Slide Despite Citi's $11B Switching Forecast: Coherent and Applied Optoelectronics Drop 5%, Corning Falls 3%24/7 Wall Street, Sep 28
- Applied Optoelectronics Rides on AI Boom: Can It Beat LITE and FN?TradingView, Sep 25
- Applied Optoelectronics, Inc. (AAOI) Stock Price, News, Quote & HistoryYahoo! Finance Canada, Sep 23
- AAOI vs. Fabrinet: Which AI Data Center Stock Is the Better Buy?Zacks Investment Research, Sep 23
- FN Rides on Surging Data Center Demand: Can It Outpace AAOI & LITE?Zacks Investment Research, Sep 23
Applied Optoelectronics peers
Applied Optoelectronics’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| NVDANVIDIA | Neutral | 13.2% below |
| AVGOBroadcom | Accumulation | 2.3% below |
| MUMicron Technology | Neutral | 4.7% above |
| AMDAdvanced Micro Devices | Neutral | 19.9% above |
| INTCIntel | Neutral | 19.1% above |
| TXNTexas Instruments | Neutral | 7.4% above |
A peer links to its own page where one exists.
Applied Optoelectronics stock FAQ
What is Applied Optoelectronics’s market cap?
Applied Optoelectronics’s market cap is $7.77B at the Sep 28, 2026 close of $96.82, with 84.91M shares outstanding.
What is the Applied Optoelectronics stock forecast?
The consensus analyst 12-month price target for Applied Optoelectronics is $163.40, +68.8% from the last close. Of the 5 firms that rated the stock in the last 90 days, 3 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Applied Optoelectronics stock overvalued or undervalued?
On Gekko’s estimate Applied Optoelectronics is undervalued: the Sep 28, 2026 close of $96.82 is 26.5% below Gekko Fair Value of $131.67. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Applied Optoelectronics report earnings next?
Applied Optoelectronics is expected to report on Nov 5, 2026, after the market closes (37 days away). Analysts expect earnings of $0.14 per share on revenue of $268.1M. Applied Optoelectronics beat the earnings estimate in 3 of its last 8 reports, moving 20.3% on average across the report.
What is Applied Optoelectronics’s 52-week high and low?
Applied Optoelectronics’s 52-week high is $233.67 and its 52-week low is $18.50; it closed at $96.82 on Sep 28, 2026, +267.6% over the past year.
Is Applied Optoelectronics stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (gekkoindex, fair value, smart money, earnings risk and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in Applied Optoelectronics?
Gekko flagged 5 unusual options signals in Applied Optoelectronics over the last 30 days, with $12.09M of flagged premium in calls and $8.11M in puts. The latest, bullish flow, was on Sep 25, 2026 with $4.35M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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