What is the 13F Pro Quality Score for AAOI?

13F Pro ranks APPLIED OPTOELECTRONICS, INC. (AAOI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AAOI's current score at https://13fpro.ai/company/AAOI (free sign-up required for the full ranking).

Which hedge funds own the most AAOI stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of AAOI include BlackRock,, Invesco Ltd., VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/AAOI as soon as new 13F filings post.

Where does 13F Pro source AAOI data?

All APPLIED OPTOELECTRONICS, INC. fundamentals and ownership data come directly from SEC EDGAR. APPLIED OPTOELECTRONICS, INC. files with the SEC under CIK 1158114. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AAOI in?

APPLIED OPTOELECTRONICS, INC. (AAOI) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is AAOI research updated on 13F Pro?

AAOI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

APPLIED OPTOELECTRONICS, INC.(AAOI)Stock Analysis

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Technology →Nasdaqmid

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SEC EDGAR: CIK 1158114 AAOI stock profile & AI dashboard →

13F Pro Quality Score

40.1/100

Rank #2,117 of 2,961 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

95.9/100

Profitability

27.1/100

Balance Sheet

24.8/100

Earnings Quality

0.9/100

Free Cash Flow

8.7/100

Institutional Flow

35.4/100

Revenue Scale

40.1/100

Dilution Risk

35.8/100

Email me the moment this company reports earnings

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Why AAOI Scores 40/100

exact factor attribution · 2026-09-11

AAOI's composite is driven by revenue growth, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+9.2 pts

96th pct

Earnings growth

+1.0 pts

69th pct

Shareholder dilution

-0.7 pts

36th pct

Institutional flow

-0.7 pts

35th pct

Scale

-1.5 pts

40th pct

Capital efficiency

-2.5 pts

25th pct

Profitability

-3.4 pts

27th pct

Earnings quality

-4.9 pts

1th pct

Free cash flow

-6.2 pts

9th pct

Latest change (2026-08-06): 41 → 42 · ↓ Institutional flow 59→51

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

AAOI Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for APPLIED OPTOELECTRONICS, INC. (AAOI), a Technology sector company. 13F Pro's AI-powered ranking engine scores AAOI at 40.1/100 on a 32-signal composite quality model, placing it at rank #2,117 of 2,961 stocks — the bottom half of the AI-ranked universe. AAOI scores in the top quartile across revenue growth (95.9). Areas of concern include earnings quality (0.9) and free cash flow (8.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), APPLIED OPTOELECTRONICS, INC. reports quarterly revenue of $191.9M, net income of $-22.8M, an operating margin of -12.9%. Top institutional holders of AAOI by reported 13-F value include BlackRock, Invesco Ltd., VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. AAOI trades on the Nasdaq exchange and files with the SEC under CIK 1158114. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AAOI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for APPLIED OPTOELECTRONICS, INC. directly from SEC EDGAR. APPLIED OPTOELECTRONICS, INC.'s 13F Pro composite quality score has ranged between 19 and 42 since 2021, currently 40.1 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about APPLIED OPTOELECTRONICS, INC.

Quirks, history, and lore behind AAOI — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. semiconductor and photonics company · listed on Nasdaq · headquartered in Texas · serves the broadband and wireless access markets.
2
The Numbers
A small-cap stock with annual revenue in the range of tens of millions of dollars — big swings in demand mean its results can whipsaw dramatically from year to year.
3
The History
Founded in the late 1990s, it was built around the then-booming promise of fiber-optic networking — a bet that proved very early, then very painful, then very right.
4
The Secret
It doesn't just design chips — it vertically integrates, making its own laser and photodetector components in-house, which is unusual for a company its size.
5
The Lore
Its products light up cable TV networks and data centers, and it has been a favorite of momentum traders who love the wild ride of fiber-optic boom-and-bust cycles.
6
The Giveaway
The name literally spells out what it does: it applies optoelectronics — marrying light and electronics — to push data through fiber at blazing speeds.

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Revenue

Q2 2026

$191.9M

Net Income

Q2 2026

$-22.8M

Operating Margin

Q2 2026

-12.9%

ROIC

Q2 2026

-5.7%

D/E Ratio

Q2 2026

0.04

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+82.8% YoY

$455.7MFY 2025

FY22 $222.8MFY23 $217.6MFY24 $249.4MFY25 $455.7M

Net Income

+79.5% YoY

$-38.2MFY 2025

FY22 $-66.4MFY23 $-56.0MFY24 $-186.7MFY25 $-38.2M

Operating Income

+23.0% YoY

$-54.6MFY 2025

FY22 $-59.0MFY23 $-41.3MFY24 $-70.9MFY25 $-54.6M

EPS (Diluted)

+85.8% YoY

$-0.64FY 2025

FY22 $-2.38FY23 $-1.75FY24 $-4.50FY25 $-0.64

Total Assets

+113.6% YoY

$1.17BFY 2025

FY22 $408.3MFY23 $389.2MFY24 $547.0MFY25 $1.17B

Total Debt

+27.3% YoY

$68.0MFY 2025

FY22 $114.1MFY23 $46.4MFY24 $53.4MFY25 $68.0M

Op. Cash Flow

-150.9% YoY

$-174.4MFY 2025

FY22 $-14.0MFY23 $-7.9MFY24 $-69.5MFY25 $-174.4M

Free Cash Flow

-213.1% YoY

$-353.6MFY 2025

FY22 $-17.2MFY23 $-17.0MFY24 $-112.9MFY25 $-353.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$455.7M +82.8%	$249.4M +14.6%	$217.6M -2.3%	$222.8M +5.3%	$211.6M -9.8%	$234.6M
Net Income	$-38.2M +79.5%	$-186.7M -233.2%	$-56.0M +15.6%	$-66.4M -22.6%	$-54.2M +7.3%	$-58.5M
Operating Income	$-54.6M +23.0%	$-70.9M -71.5%	$-41.3M +29.9%	$-59.0M -3.9%	$-56.8M -16.2%	$-48.8M
EPS (Diluted)	$-0.64 +85.8%	$-4.50 -157.1%	$-1.75 +26.5%	$-2.38 -18.4%	$-2.01 +24.7%	$-2.67
Total Assets	$1.17B +113.6%	$547.0M +40.6%	$389.2M -4.7%	$408.3M -10.2%	$454.5M -5.5%	$480.8M
Total Debt	$68.0M +27.3%	$53.4M +15.0%	$46.4M -59.4%	$114.1M +9.4%	$104.4M +15.4%	$90.4M
Operating Cash Flow	$-174.4M -150.9%	$-69.5M -776.9%	$-7.9M +43.5%	$-14.0M -20.4%	$-11.6M +73.5%	$-44.0M
Free Cash Flow	$-353.6M -213.1%	$-112.9M -564.0%	$-17.0M +1.3%	$-17.2M +12.2%	$-19.6M +67.2%	$-59.8M

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Available Research

13F Pro tracks comprehensive data for APPLIED OPTOELECTRONICS, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AAOI

BlackRock, Inc.
$955.7M6,450,270 sh
Invesco Ltd.
$505.9M3,414,262 sh
VANGUARD CAPITAL MANAGEMENT LLC
$498.3M3,363,001 sh
JANE STREET GROUP, LLC
$421.9M2,847,900 sh
Marex Group plc
$419.3M2,830,272 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$404.4M2,729,700 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$394.6M2,663,500 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$392.9M2,651,718 sh
Marex Group plc
$370.4M2,500,000 sh
UBS Group AG
$312.8M2,111,464 sh

Fund	Value	Shares
BlackRock, Inc.	$955.7M	6,450,270
Invesco Ltd.	$505.9M	3,414,262
VANGUARD CAPITAL MANAGEMENT LLC	$498.3M	3,363,001
JANE STREET GROUP, LLC	$421.9M	2,847,900
Marex Group plc	$419.3M	2,830,272
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$404.4M	2,729,700
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$394.6M	2,663,500
VANGUARD PORTFOLIO MANAGEMENT LLC	$392.9M	2,651,718
Marex Group plc	$370.4M	2,500,000
UBS Group AG	$312.8M	2,111,464

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Is AAOI a good stock to buy?

13F Pro's AI-powered analysis of APPLIED OPTOELECTRONICS, INC. (AAOI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AAOI are available on the AAOI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. AAOI is classified as a mid company.

Which hedge funds own AAOI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AAOI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of APPLIED OPTOELECTRONICS, INC.'s investment landscape.