Applied Optoelectronics, Inc. (AAOI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AAOI Revenue Growth
Revenue Breakdown (FY 2025)
AAOI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AAOI Revenue Analysis (2014–2025)
As of May 8, 2026, Applied Optoelectronics, Inc. (AAOI) generated trailing twelve-month (TTM) revenue of $507.0 million, reflecting explosive growth of +51.4% year-over-year. The most recent quarter (Q1 2026) recorded $151.1 million in revenue, up 12.6% sequentially.
Looking at the longer-term picture, AAOI's 5-year compound annual growth rate (CAGR) stands at +14.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $455.7 million in 2025, representing a new all-time high.
Revenue diversification analysis shows AAOI's business is primarily driven by CATV (54%), Data Center (43%), and Telecom (3%). With over half of revenue concentrated in CATV, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including LITE (+69.0% YoY), OESX (-4.5% YoY), and COHR (+32257.9% YoY), AAOI has underperformed the peer group in terms of revenue growth. Compare AAOI vs LITE →
AAOI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AAOICurrent | $507M | +51.4% | +14.2% | -12.0% | |
 LITE | $1.6B | +69.0% | -0.4% | -10.9% | |
 OESX | $80M | -4.5% | -12.0% | -13.3% | |
 COHR | $5.8B | +32257.9% | +19.5% | 9.4% | |
 VIAV | $1.1B | +30.6% | -0.9% | 6.5% | |
 CIEN | $4.8B | +26.5% | +6.2% | 6.5% |
AAOI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $455.7M | +82.8% | $136.9M | 30.0% | $-54,602,000 | -12.0% |
| 2024 | $249.4M | +14.6% | $61.8M | 24.8% | $-70,908,000 | -28.4% |
| 2023 | $217.6M | -2.3% | $58.9M | 27.1% | $-41,349,000 | -19.0% |
| 2022 | $222.8M | +5.3% | $33.6M | 15.1% | $-58,998,000 | -26.5% |
| 2021 | $211.6M | -9.8% | $37.7M | 17.8% | $-56,766,000 | -26.8% |
| 2020 | $234.6M | +22.9% | $50.5M | 21.5% | $-48,842,000 | -20.8% |
| 2019 | $190.9M | -28.6% | $46.2M | 24.2% | $-48,747,000 | -25.5% |
| 2018 | $267.5M | -30.0% | $87.8M | 32.8% | $-10,768,000 | -4.0% |
| 2017 | $382.3M | +46.6% | $166.3M | 43.5% | $87.0M | 22.7% |
| 2016 | $260.7M | +37.3% | $87.0M | 33.4% | $23.0M | 8.8% |
Full AAOI Stock Analysis
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Start ComparisonAAOI — Frequently Asked Questions
Quick answers to the most common questions about buying AAOI stock.
Is AAOI's revenue growth accelerating or slowing?
AAOI revenue is accelerating at +51.4% year-over-year, exceeding the 5-year CAGR of +14.2%. TTM revenue reached $507M. Growth momentum has increased versus prior periods.
What is AAOI's long-term revenue growth rate?
Applied Optoelectronics, Inc.'s 5-year revenue CAGR of +14.2% reflects the sustained expansion pattern. Current YoY growth of +51.4% is above this long-term average.
How is AAOI's revenue distributed by segment?
AAOI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.