Applied Optoelectronics, Inc. (AAOI) income statement
NASDAQ · Technology · Communication Equipment · 4,691 employees · CEO Chih-Hsiang Lin
- Price
- $69.05 -12.80%
- Market cap
- $5.86B
- Enterprise value
- $5.63B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-05 EPS est. $0.14
Applied Optoelectronics, Inc. (AAOI) reported revenue of $192M for Q2 '26 (+86.4% year on year), operating income of -$24.7M (-12.9% of revenue) and net income of -$22.8M. Over the last four quarters revenue was $596M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.5M | $60.5M | $40.7M | $43.3M | $65.2M | $100M | $99.9M | $103M | $119M | $134M | $151M | $192M | |
| Cost of revenue | $42.4M | $38.8M | $33.1M | $33.7M | $49.2M | $71.5M | $69.3M | $71.8M | $85.4M | $92.3M | $107M | $139M | |
| Gross profit | $20.2M | $21.6M | $7.59M | $9.56M | $15.9M | $28.7M | $30.5M | $31.2M | $33.3M | $41.9M | $43.9M | $53.2M | |
| Research & development | $9.46M | $9.34M | $11.7M | $13.1M | $13.4M | $16.7M | $17.8M | $20.6M | $21.3M | $25.8M | $25.7M | $34.9M | |
| Sales & marketing | $3.04M | $3.44M | $3.8M | $5.91M | $4.8M | $3.65M | $5.36M | $8.14M | $9.87M | $6.9M | $6.35M | $11.5M | |
| General & administrative | $14.4M | $13.9M | $13.7M | $16.8M | $14.2M | $14.8M | $16.3M | $18.4M | $20.3M | $20.7M | $24.9M | $31.6M | |
| Other operating expenses | $0 | -$500K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $26.9M | $26.1M | $29.2M | $35.8M | $32.5M | $35.2M | $39.5M | $47.1M | $51.5M | $53.4M | $56.9M | $77.9M | |
| Operating income | -$6.69M | -$4.53M | -$21.6M | -$26.2M | -$16.5M | -$6.47M | -$8.94M | -$16M | -$18.2M | -$11.5M | -$13M | -$24.7M | |
| Interest income | $65K | $476K | $260K | $93K | $156K | $365K | $224K | $286K | $0 | $830K | $1.74M | $3.25M | |
| Interest expense | $1.99M | $3.13M | $1.68M | $1.69M | $1.7M | $1.75M | $934K | $818K | $451K | $843K | $863K | $927K | |
| Other non-operating income (gains on investments, FX ...) | $278K | $6.2M | -$152K | -$1.82M | -$492K | $111M | -$699K | -$7.7M | -$702K | -$1.85M | -$622K | -$4.16M | |
| Total non-operating income | -$2.27M | -$9.33M | -$1.52M | $129K | -$1.21M | -$113M | -$235K | $6.88M | $251K | $1M | -$241K | $3.24M | |
| Income before tax | -$8.95M | -$13.9M | -$23.2M | -$26.1M | -$17.8M | -$120M | -$9.17M | -$9.1M | -$17.9M | -$10.5M | -$13.2M | -$21.5M | |
| Income tax | $0 | $1K | $0 | $0 | $0 | $2K | $0 | $0 | $0 | -$8.48M | $1.05M | $1.29M | |
| Net income | -$8.95M | -$13.9M | -$23.2M | -$26.1M | -$17.8M | -$120M | -$9.17M | -$9.1M | -$17.9M | -$2.02M | -$14.3M | -$22.8M | |
| EPS (basic) | -$0.27 | -$0.38 | -$0.60 | -$0.66 | -$0.42 | -$2.60 | -$0.18 | -$0.16 | -$0.28 | -$0.03 | -$0.19 | -$0.28 | |
| EPS (diluted) | -$0.27 | -$0.38 | -$0.60 | -$0.66 | -$0.42 | -$2.60 | -$0.18 | -$0.16 | -$0.28 | -$0.03 | -$0.19 | -$0.28 | |
| Shares (basic, weighted) | 32.8M | 36.5M | 38.4M | 39.4M | 42.3M | 46.1M | 50M | 56.8M | 63.3M | 70.3M | 76M | 81.6M | |
| Shares (diluted, weighted) | 32.8M | 36.5M | 38.4M | 39.4M | 42.3M | 46.1M | 50M | 56.8M | 63.3M | 70.3M | 76M | 81.6M | |
| Depreciation & amortization | $4.98M | $4.93M | $5M | $5.07M | $5.23M | $5.36M | $5.73M | $6.4M | $7.1M | $8.21M | $9.23M | $10.5M | |
| EBITDA | -$1.99M | -$5.8M | -$16.5M | -$19.4M | -$10.8M | -$113M | -$2.51M | -$1.88M | -$10.4M | -$1.45M | -$3.14M | -$10.1M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $261M | $382M | $267M | $191M | $235M | $212M | $223M | $218M | $249M | $456M | |
| Cost of revenue | $174M | $216M | $180M | $145M | $184M | $174M | $189M | $159M | $188M | $319M | |
| Gross profit | $87M | $166M | $87.8M | $46.2M | $50.5M | $37.7M | $33.6M | $58.9M | $61.8M | $137M | |
| Research & development | $31.8M | $35.4M | $49.9M | $43.4M | $43.4M | $41.2M | $36.2M | $36M | $55M | $85.5M | |
| Sales & marketing | $6.63M | $8.7M | $9.14M | $10.1M | $14.1M | $10.9M | $9.72M | $11.1M | $18.2M | $30.3M | |
| General & administrative | $25.5M | $35.3M | $39.5M | $41.5M | $41.9M | $42.4M | $46.7M | $53.2M | $59.6M | $75.7M | |
| Operating expenses | $63.9M | $79.3M | $98.5M | $94.9M | $99.4M | $94.5M | $92.6M | $100M | $133M | $192M | |
| Operating income | $23M | $87M | -$10.8M | -$48.7M | -$48.8M | -$56.8M | -$59M | -$41.3M | -$70.9M | -$54.6M | |
| Interest income | $247K | $221K | $282K | $925K | $255K | $70K | $126K | $609K | $874K | $1.79M | |
| Interest expense | $1.72M | $858K | $1.11M | $5.41M | $5.64M | $5.62M | $6.32M | $9.43M | $6.83M | $3.5M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | -$2.1M | -$2.77M | -$3.25M | -$8.23M | $1.08M | $5.26M | $109M | -$11.4M | |
| Total non-operating income | -$2.02M | -$2.43M | $990K | -$2.64M | -$2.38M | $2.61M | -$7.4M | -$14.7M | -$116M | $7.9M | |
| Income before tax | $21M | $84.5M | -$9.78M | -$51.4M | -$51.2M | -$54.2M | -$66.4M | -$56M | -$187M | -$46.7M | |
| Income tax | -$10.2M | $10.6M | -$7.63M | $14.7M | $7.23M | $2K | $1K | $9K | $2K | -$8.48M | |
| Net income | $31.2M | $74M | -$2.15M | -$66M | -$58.5M | -$54.2M | -$66.4M | -$56M | -$187M | -$38.2M | |
| EPS (basic) | $1.82 | $3.87 | -$0.11 | -$3.31 | -$2.67 | -$2.01 | -$2.38 | -$1.75 | -$4.50 | -$0.64 | |
| EPS (diluted) | $1.76 | $3.67 | -$0.11 | -$3.31 | -$2.67 | -$2.01 | -$2.38 | -$1.75 | -$4.50 | -$0.64 | |
| Shares (basic, weighted) | 17.2M | 19.1M | 19.6M | 20M | 21.9M | 26.9M | 27.8M | 31.9M | 41.5M | 60.2M | |
| Shares (diluted, weighted) | 17.7M | 20.1M | 19.6M | 20M | 21.9M | 26.9M | 27.8M | 31.9M | 41.5M | 60.2M | |
| Depreciation & amortization | $14.2M | $20.4M | $29.7M | $24M | $24.7M | $25.4M | $23.2M | $20.4M | $20.6M | $27.7M | |
| EBITDA | $36.9M | $106M | $21M | -$22M | -$20.9M | -$23.2M | -$36.9M | -$26.2M | -$159M | -$15.5M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02