Applied Optoelectronics (AAOI) FCF Margin (2013 - 2026)
Applied Optoelectronics' FCF Margin was -138.25% in Q2 2026, down 49.91 percentage points from -88.35% a year earlier and down 43.26 percentage points from the prior quarter.
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Analysis
Applied Optoelectronics (AAOI) FCF Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Applied Optoelectronics' FCF Margin was -99.37% through Jun 30, 2026, down 33.12 percentage points year-over-year; for FY2025, it was -77.59%, down 32.30 percentage points from FY2024.
- FCF Margin has now declined for three consecutive years, with a five-year change of -52.10 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -45.29% in FY2024 (-37.47 pp), -7.81% in FY2023 (-0.08 pp), -7.73% in FY2022 (+1.54 pp) and -9.28% in FY2021 (+16.21 pp).
- The Q2 2026 figure marks the lowest quarterly FCF Margin in data going back to Q1 2013.
- Compared with a year earlier, FCF Margin has declined for five straight quarters, with an average year-over-year change of -30.92 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q2 2023 (a gain of 31.47 percentage points); the worst was Q2 2025 (a drop of 76.87 percentage points).
- Per Business Quant data, AAOI's FCF Margin in the three quarters before Q2 2026 was -94.99% (Q1 2026), -77.91% (Q4 2025) and -66.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 29.17% |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 28.96% |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 2.10% |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 34.70% |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 79.01% |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 30.81% |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 34.19% |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 6.96% |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 7.34% |
| 10 | Applied Optoelectronics | 8.17 Bn | 6.89 Bn | 53.21 Mn | -138.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -138.25% |
| Mar 31, 2026 | -94.99% |
| Dec 31, 2025 | -77.91% |
| Sep 30, 2025 | -66.35% |
| Jun 30, 2025 | -88.35% |
| Mar 31, 2025 | -79.42% |
| Dec 31, 2024 | -52.85% |
| Sep 30, 2024 | -31.82% |
| Jun 30, 2024 | -11.48% |
| Mar 31, 2024 | -84.19% |
| Dec 31, 2023 | -7.63% |
| Sep 30, 2023 | -26.86% |
| Jun 30, 2023 | 34.54% |
| Mar 31, 2023 | -18.79% |
| Dec 31, 2022 | -6.89% |
| Sep 30, 2022 | -17.59% |
| Jun 30, 2022 | 3.07% |
| Mar 31, 2022 | -8.85% |
| Dec 31, 2021 | -4.94% |
| Sep 30, 2021 | 2.86% |
API Access
Applied Optoelectronics FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AAOI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AAOI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AAOI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();