Added to YB: 2026-06-25
Pitch date: 2026-06-22
AAOI [bullish]
Applied Optoelectronics, Inc.
Author Info
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Company Info
Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China.
Market Cap
$11.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-536.14
P/E
-223.67
EV/Sales
23.02
Sector
Communications Equipment
Category
growth
Applied Optoelectronics $AAOI: Investment Thesis
AAOI: Vertically integrated fiber-optic transceiver maker (own InP laser fabs in TX) winning 800G/1.6T hyperscale orders. Q1'26 rev $151M (+51% YoY), FY26 guide $1.1B (>141% growth, internal demand $1.4-1.5B). Mid-2027 DC target ~$5.65B annualized. 10-bagger in 1yr. GM compressed to 29% on ramp, targeting 40% by Q4'27. Risks: 95% top-3 customer concentration, dilution from ATM, qualification delays. Next earnings Aug 6.
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