AAOI
Applied Optoelectronics margins
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- NASDAQ: AAOI
- Margins
Applied Optoelectronics shows a gross margin of 28.8%, an operating margin of -6.8%, an EBITDA margin of 1.3%, and a net margin of -4.4%, but its operating margin is negative at -6.8%, and its net margin is negative at -4.4%. Across the available margins, net margin advanced the most and gross margin weakened the most, by 32.6 and 0.5 percentage points respectively.
AAOI margin history
Over the last 3 years, Applied Optoelectronics's margins averaged 28.12% gross, -18.18% operating, -21.64% EBITDA, and -30.92% net. All four current margins are above their three-year averages.
AAOI margin expansion
The strongest improvement was in net margin, which increased by 32.6 percentage points, and operating margin also expanded by 5 percentage points and EBITDA margin also expanded by 31.3 percentage points, whereas gross margin contracted by 0.5 percentage points.
AAOI Gross margin
The average gross margin for Applied Optoelectronics was 28.12% over the last 3 years. Currently, the current gross margin for Applied Optoelectronics is 28.8%, 0.7 percentage points above its three-year average. The gross margin for Applied Optoelectronics moved between 24.8% in Dec 2024 and 30% in Dec 2025.
AAOI Operating margin
Over the last 3 years, the average operating margin for Applied Optoelectronics was -18.18%. The latest operating margin for Applied Optoelectronics is -6.8%, 11.4 percentage points above its three-year average. Applied Optoelectronics's operating margin ranged from a low of -32.9% in Sep 2024 to a high of -6.8% in Sep 2026.
AAOI EBITDA margin
Applied Optoelectronics's EBITDA margin averaged -21.64% in the last 3 years. Applied Optoelectronics's current EBITDA margin is 1.3% and is 22.9 percentage points above its three-year average. Over the last 3 years, Applied Optoelectronics's EBITDA margin peaked at 1.3% in Sep 2026 and reached a low of -63.9% in Dec 2024.
AAOI Net margin
Looking at the last 3 years, Applied Optoelectronics had an average net margin of -30.92%. Against its three-year average, Applied Optoelectronics's net margin is currently -4.4%, 26.5 percentage points above its three-year average. Looking back over the last 3 years, Applied Optoelectronics's net margin reached -4.4% at its highest point in Sep 2026 and -74.9% at its lowest in Dec 2024.
AAOI margin group comparison
With a gross margin of 28.8%, AAOI ranks lower than the Technology sector and the industry average. In comparison with the Technology sector average of 52.4%, Applied Optoelectronics's gross margin is 45% lower.
AAOI margin peer comparison
Frequently asked questions
What is Applied Optoelectronics's gross margin?
The current gross margin for AAOI is 28.8% as of Sep 30, 2026.
What is Applied Optoelectronics's operating margin?
The current operating margin for AAOI is -6.8% as of Sep 30, 2026.
What is Applied Optoelectronics's EBITDA margin?
For the period ending Sep 30, 2026, AAOI recorded an EBITDA margin of 1.3%.
What is Applied Optoelectronics's net margin?
For the period ending Sep 30, 2026, AAOI recorded a net margin of -4.4%.
What are the average margins of AAOI?
Applied Optoelectronics's average margins over the last 3 years were 28.1% gross, -18.2% operating, -21.6% EBITDA, and -30.9% net.
What are the highest historical margins of AAOI?
Over the last 5 years, Applied Optoelectronics's highest margins were 30% gross in Dec 2025, -6.8% operating in Sep 2026, 1.3% EBITDA in Sep 2026, and -4.4% net in Sep 2026.
What are the lowest historical margins of AAOI?
Over the last 5 years, Applied Optoelectronics's lowest margins were 15.1% gross in Dec 2022, -32.9% operating in Sep 2024, -63.9% EBITDA in Dec 2024, and -74.9% net in Dec 2024.