Applied Optoelectronics (AAOI) vs Ondas (ONDS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Applied Optoelectronics (AAOI) has outperformed Ondas (ONDS) over the past year, gaining 228.7% versus a loss of 39.2%. Over five years, AAOI leads with a +1366.8% price change compared with -25.8% for ONDS. Applied Optoelectronics is the larger company by market cap ($8.99 billion vs $3.99 billion), about 2.3 times the size, while Ondas is growing revenue faster (+605.3% vs +82.8%).
Applied Optoelectronics converts more of its revenue into profit, with a net margin of -8.4% versus -260.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AAOI | ONDS |
|---|---|---|
| Share price | $105.90 | $6.85 |
| Market cap | $8.99B | $3.99B |
| 1-day change | -13.58% | -4.73% |
| YTD return | +203.79% | -29.82% |
| 1-year return | +228.68% | -39.17% |
| 5-year return | +1366.76% | -25.79% |
| Forward P/E | 23.01 | — |
| EPS (TTM) | $-0.75 | $-0.06 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $455.71M | $50.73M |
| Revenue growth (YoY) | +82.75% | +605.28% |
| Net income (latest FY) | $-38.23M | $-132.24M |
| Gross margin | 30.04% | 39.73% |
| Operating margin | -11.98% | -115.09% |
| Net margin | -8.39% | -260.66% |
| 52-week high | $233.67 | $15.28 |
| 52-week low | $18.50 | $4.95 |
| Distance from 52-week high | -54.68% | -55.17% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +54.30% | +175.62% |
| Average volume | 9.62M | 78.95M |
| Shares outstanding | 84.91M | 582.30M |
| Employees | 4,691 | 459 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Radio And Television Broadcasting And Communications Equipment |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Applied Optoelectronics is about 2.3 times larger than Ondas by market value ($8.99B vs $3.99B).
- AAOI has outperformed ONDS by 267.8 percentage points over the past year.
- Applied Optoelectronics is more profitable, keeping -8.4 cents of every revenue dollar as net income versus -260.7 cents for Ondas.
- Ondas grew revenue faster in its latest fiscal year (+605.28% vs +82.75%).
About Applied Optoelectronics
AAOI stock →Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China.
Technology · Semiconductors · 4,691 employees
About Ondas
ONDS stock →Ondas Inc. provides private wireless, drone, and automated data solutions in the United States and internationally.
Technology · Radio And Television Broadcasting And Communications Equipment · 459 employees
AAOI vs ONDS FAQ
Which is bigger, Applied Optoelectronics or Ondas?
Applied Optoelectronics (AAOI) is larger, with a market capitalization of $8.99B compared with $3.99B for Ondas (ONDS).
Which stock has performed better over the past year, AAOI or ONDS?
AAOI returned +228.68% over the past 12 months, compared with -39.17% for ONDS (price return, excluding dividends). Past performance does not predict future results.
Are Applied Optoelectronics and Ondas in the same industry?
Both are in the Technology sector, but in different industries: Semiconductors for Applied Optoelectronics and Radio And Television Broadcasting And Communications Equipment for Ondas.