Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -246.17 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 27.29 | 10.63 | 4.57 | 3.46 | 3.54 | 1.92 | 4.23 | 2.32 | 1.89 | 3.27 | 2.92 | 1.44 | 1.06 |
| — | +452.8% | +7.9% | +48.9% | +87.8% | -41.2% | +44.9% | +61.7% | +78.6% | +986.5% | +1237.3% | +330.4% | +416.1% | |
| P/B Ratio | 12.92 | 5.81 | 3.34 | 2.94 | 3.43 | 2.49 | 7.41 | 2.85 | 1.75 | 2.72 | 3.29 | 2.02 | 1.08 |
| — | +133.8% | -54.9% | +2.9% | +96.1% | -8.5% | +125.5% | +41.6% | +62.5% | +635.0% | +1028.3% | +428.5% | +452.3% | |
| P/FCF | — | — | 8.23 | — | — | — | — | — | — | — | — | — | 3.11 |
| — | — | — | — | — | — | — | — | — | — | — | — | -62.5% | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | 493.58 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Applied Optoelectronics, Inc.'s operating margin was -8.6% in Q1 2026, down 0.0 pp QoQ and up 0.4 pp YoY. The trailing four-quarter average of -12.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 5.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.0% | 29.1% | 31.2% | 28.0% | 30.3% | 30.6% | 28.7% | 24.4% | 22.1% | 18.7% | 35.7% | 32.3% | 19.0% |
| — | -5.0% | +9.0% | +14.8% | +37.0% | +63.9% | -19.8% | -24.3% | +16.4% | +7.1% | +253.5% | +87.6% | +15.0% | |
| Operating Margin | -12.0% | -8.6% | -8.6% | -15.3% | -15.5% | -8.9% | -6.5% | -25.4% | -60.7% | -53.2% | -7.5% | -10.7% | -38.4% |
| — | +4.0% | -32.7% | +39.6% | +74.4% | +83.2% | +13.9% | -137.6% | -58.1% | -99.2% | +74.9% | +55.1% | -55.5% | |
| Net Margin | -8.4% | -9.4% | -1.5% | -15.1% | -8.8% | -9.2% | -119.4% | -27.3% | -60.4% | -57.0% | -22.9% | -14.3% | -40.7% |
| — | -2.9% | +98.7% | +44.5% | +85.4% | +83.9% | -420.7% | -90.4% | -48.2% | -85.4% | +30.3% | +48.1% | -47.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.9% | -1.6% | -0.3% | -3.6% | -2.5% | -3.4% | -54.3% | -8.9% | -13.7% | -11.3% | -7.0% | -5.2% | -10.1% |
| — | +54.5% | +99.4% | +59.1% | +81.9% | +69.8% | -669.8% | -70.0% | -35.4% | -23.8% | +33.3% | +29.9% | -60.2% | |
| ROA | -4.5% | -1.0% | -0.2% | -2.0% | -1.3% | -1.5% | -25.0% | -4.7% | -7.5% | -6.3% | -3.6% | -2.5% | -4.6% |
| — | +32.1% | +99.2% | +56.9% | +83.1% | +75.4% | -588.6% | -91.2% | -63.3% | -52.2% | +26.2% | +33.4% | -39.5% | |
| ROIC | -7.9% | -1.3% | -1.3% | -2.2% | -2.4% | -1.7% | -1.5% | -4.2% | -6.8% | -5.5% | -1.2% | -1.8% | -4.1% |
| — | +23.2% | +13.7% | +47.7% | +65.4% | +69.8% | -26.8% | -138.0% | -66.3% | -64.0% | +72.8% | +41.9% | -47.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 103.7% YoY to 3.83x, strengthening the short-term liquidity position. Debt/Equity has declined for 6 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.16 | 0.23 | 0.42 | 0.50 | 0.62 | 0.83 | 0.57 | 0.59 | 0.60 | 0.56 | 0.74 | 0.81 |
| — | -74.5% | -72.6% | -26.5% | -15.2% | +3.4% | +47.8% | -22.5% | -27.6% | -34.2% | -33.1% | -2.9% | +18.3% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | 305.74 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 2.63 | 3.83 | 2.63 | 2.31 | 2.11 | 1.88 | 1.77 | 1.61 | 1.64 | 1.79 | 1.85 | 0.87 | 0.77 |
| — | +103.7% | +48.3% | +43.6% | +28.7% | +4.9% | -4.2% | +84.2% | +113.1% | +128.0% | +39.9% | -39.1% | -48.5% | |
| Quick Ratio | 1.91 | 3.03 | 1.91 | 1.63 | 1.47 | 1.34 | 1.25 | 1.06 | 0.97 | 1.06 | 1.16 | 0.51 | 0.42 |
| — | +125.7% | +52.8% | +53.6% | +51.6% | +26.3% | +7.6% | +105.8% | +132.9% | +139.3% | +56.0% | -28.0% | -43.7% | |
| Interest Coverage | -12.36 | -15.05 | -11.45 | -38.77 | -10.12 | -8.82 | -67.24 | -9.43 | -14.43 | -12.82 | -3.43 | -3.50 | -6.79 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Applied Optoelectronics, Inc.'s current P/E is -246.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Applied Optoelectronics, Inc.'s current operating margin is -12.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Applied Optoelectronics, Inc.'s business trajectory between earnings reports.