Applied Optoelectronics (AAOI) vs Viavi Solutions (VIAV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Viavi Solutions (VIAV) has outperformed Applied Optoelectronics (AAOI) over the past year, gaining 243.9% versus a gain of 238.7%. Over five years, AAOI leads with a +1418.6% price change compared with +184.5% for VIAV. Viavi Solutions is the larger company by market cap ($11.18 billion vs $9.31 billion), about 1.2 times the size, while Applied Optoelectronics is growing revenue faster (+82.8% vs +40.0%).
On valuation, Viavi Solutions trades at a lower forward P/E (23.3x vs 23.8x for Applied Optoelectronics). Viavi Solutions converts more of its revenue into profit, with a net margin of -2.0% versus -8.4%.
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 | VIAV |
|---|---|---|
| Share price | $109.64 | $45.46 |
| Market cap | $9.31B | $11.18B |
| 1-day change | +3.53% | +3.11% |
| YTD return | +214.52% | +147.42% |
| 1-year return | +238.71% | +243.92% |
| 5-year return | +1418.56% | +184.45% |
| Forward P/E | 23.82 | 23.30 |
| EPS (TTM) | $-0.78 | $-0.13 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $455.71M | $1.52B |
| Revenue growth (YoY) | +82.75% | +40.03% |
| Net income (latest FY) | $-38.23M | $-30.40M |
| Gross margin | 30.04% | 57.66% |
| Operating margin | -11.98% | 6.92% |
| Net margin | -8.39% | -2.00% |
| 52-week high | $233.67 | $60.43 |
| 52-week low | $18.50 | $12.43 |
| Distance from 52-week high | -53.08% | -24.77% |
| Analyst consensus | none | none |
| Avg. price target upside | +49.03% | +35.13% |
| Average volume | 9.67M | 5.06M |
| Shares outstanding | 84.91M | 245.92M |
| Employees | 4,691 | 4,100 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
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
- Viavi Solutions is more profitable, keeping -2.0 cents of every revenue dollar as net income versus -8.4 cents for Applied Optoelectronics.
- Applied Optoelectronics grew revenue faster in its latest fiscal year (+82.75% vs +40.03%).
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 Viavi Solutions
VIAV stock →Viavi Solutions Inc. engages in the provision of test and measurement and optical technologies for military, aerospace, railway and first responder communications in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Technology · Semiconductors · 4,100 employees
AAOI vs VIAV FAQ
Which is bigger, Applied Optoelectronics or Viavi Solutions?
Viavi Solutions (VIAV) is larger, with a market capitalization of $11.18B compared with $9.31B for Applied Optoelectronics (AAOI).
Which stock has performed better over the past year, AAOI or VIAV?
VIAV returned +243.92% over the past 12 months, compared with +238.71% for AAOI (price return, excluding dividends). Past performance does not predict future results.
Are Applied Optoelectronics and Viavi Solutions in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.