Applied Optoelectronics, Inc. (AAOI) Revenue History
Annual and quarterly revenue from 2011 to present
AAOI Revenue Over Time (2011–2025)
AAOI Revenue Growth History
10 of 14 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- +32.6%
- FY2013 revenue growth
- +23.7%
- FY2014 revenue growth
- +66.3%
- FY2015 revenue growth
- +45.6%
- FY2016 revenue growth
- +37.3%
- FY2017 revenue growth
- +46.6%
- FY2018 revenue growth
- -30.0%
- FY2019 revenue growth
- -28.6%
- FY2020 revenue growth
- +22.9%
- FY2021 revenue growth
- -9.8%
- FY2022 revenue growth
- +5.3%
- FY2023 revenue growth
- -2.3%
- FY2024 revenue growth
- +14.6%
- FY2025 revenue growth
- +82.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $151.1M | +51.4% |
| Q4 2025 | $134.3M | +33.9% |
| Q3 2025 | $118.6M | +82.1% |
| Q2 2025 | $103.0M | +137.9% |
| Q1 2025 | $99.9M | +145.5% |
| Q4 2024 | $100.3M | +65.9% |
| Q3 2024 | $65.2M | +4.2% |
| Q2 2024 | $43.3M | +4.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
AAOI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AAOI Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 22, 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.
Historical Growth Trajectory
AAOI's 5-year compound annual growth rate (CAGR) stands at +14.2%, indicating consistent double-digit revenue growth. The 3-year CAGR of +26.9% exceeds the 5-year average, indicating an acceleration in the most recent period. Applied Optoelectronics, Inc.'s highest annual revenue of $455.7 million was recorded in 2025, an all-time high.
Revenue by Segment
AAOI's revenue is primarily driven by CATV (54%), Data Center (43%), and Telecom (3%). With over half of revenue concentrated in CATV, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including LITE (+69.0% YoY), OESX (+8.3% YoY), and COHR (+32257.9% YoY) — AAOI has underperformed the peer group in 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 | $86M | +8.3% | -5.9% | -0.6% | |
 COHR | $5.8B | +32257.9% | +19.5% | 9.4% | |
 VIAV | $1.1B | +30.6% | -0.9% | 6.5% | |
 CIEN | $4.8B | +30.6% | +6.2% | 6.5% |
AAOI Historical Revenue Data (2011–2025)
| 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% |
| 2015 | $189.9M | +45.6% | $60.5M | 31.8% | $13.4M | 7.1% |
| 2014 | $130.4M | +66.3% | $44.2M | 33.9% | $5.1M | 3.9% |
| 2013 | $78.4M | +23.7% | $23.0M | 29.4% | $-307,000 | -0.4% |
| 2012 | $63.4M | +32.6% | $18.9M | 29.8% | $179K | 0.3% |
| 2011 | $47.8M | - | $13.4M | 28.0% | $-3,734,000 | -7.8% |
Full Stock Analysis
Deep dive into AAOI consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AAOI — Frequently Asked Questions
Quick answers to the most common questions about buying AAOI stock.
Is AAOI's revenue growth accelerating or slowing?
AAOI revenue growth is accelerating. TTM revenue reached $507M, up +51.4% year-over-year — ahead of the 5-year CAGR of +14.2%. This indicates the business is expanding faster than its historical baseline.
What is AAOI's revenue history from 2011 to 2026?
Applied Optoelectronics, Inc. (AAOI) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $507M, growing at +51.4% YoY. The 5-year CAGR is +14.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AAOI's long-term revenue growth rate (CAGR)?
Applied Optoelectronics, Inc.'s 5-year revenue CAGR of +14.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +51.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AAOI.
Why does AAOI's quarterly revenue fluctuate?
AAOI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Applied Optoelectronics, Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is AAOI's revenue distributed by segment?
AAOI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AAOI's revenue compare to industry peers?
Applied Optoelectronics, Inc. (AAOI) with TTM revenue of $507M and +51.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.