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APPLIED OPTOELECTRONICS, INC.（AAOI）与安霸（AMBA）财务数据对比。点击上方公司名可切换其他公司
APPLIED OPTOELECTRONICS, INC.的季度营收约是安霸的1.2倍（$134.3M vs $108.5M）。APPLIED OPTOELECTRONICS, INC.同比增速更快（33.9% vs 31.2%）。安霸自由现金流更多（$31.4M vs $-104.6M）。过去两年APPLIED OPTOELECTRONICS, INC.的营收复合增速更高（81.7% vs 45.0%）
应用光电是一家美国半导体企业，专注于光电器件领域，1997年于休斯顿大学成立，总部位于得克萨斯州舒格兰，深耕光通信相关的半导体器件研发与生产，在光电技术领域拥有深厚的技术积累。
安霸是美国无晶圆厂半导体设计企业，专注于低功耗高清、超高清视频压缩、图像处理及计算机视觉处理器研发。其芯片产品广泛应用于视频安防、高级驾驶辅助系统、电子后视镜、行车记录仪、驾驶舱内监测、自动驾驶、机器人等多元人机视觉场景。
AAOI vs AMBA — 直观对比
营收规模更大
AAOI
是对方的1.2倍
$108.5M
营收增速更快
AAOI
高出2.7%
31.2%
自由现金流更多
AMBA
多$136.0M
$-104.6M
两年增速更快
AAOI
近两年复合增速
45.0%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $108.5M |
| 净利润 | — | $-15.1M |
| 毛利率 | 31.2% | 59.6% |
| 营业利润率 | -8.6% | -15.0% |
| 净利率 | — | -13.9% |
| 营收同比 | 33.9% | 31.2% |
| 净利润同比 | — | 37.2% |
| 每股收益（稀释后） | $-0.02 | $-0.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AAOIAMBA
| Q4 25 | $134.3M | $108.5M | ||
| Q3 25 | $118.6M | $95.5M | ||
| Q2 25 | $103.0M | $85.9M | ||
| Q1 25 | $99.9M | $84.0M | ||
| Q4 24 | $100.3M | $82.7M | ||
| Q3 24 | $65.2M | $63.7M | ||
| Q2 24 | $43.3M | $54.5M | ||
| Q1 24 | $40.7M | $51.6M |
净利润AAOIAMBA
| Q4 25 | — | $-15.1M | ||
| Q3 25 | $-17.9M | $-20.0M | ||
| Q2 25 | $-9.1M | $-24.3M | ||
| Q1 25 | $-9.2M | $-20.2M | ||
| Q4 24 | — | $-24.1M | ||
| Q3 24 | $-17.8M | $-34.9M | ||
| Q2 24 | $-26.1M | $-37.9M | ||
| Q1 24 | $-23.2M | $-60.6M |
毛利率AAOIAMBA
| Q4 25 | 31.2% | 59.6% | ||
| Q3 25 | 28.0% | 58.9% | ||
| Q2 25 | 30.3% | 60.0% | ||
| Q1 25 | 30.6% | 60.0% | ||
| Q4 24 | 28.7% | 60.6% | ||
| Q3 24 | 24.4% | 60.8% | ||
| Q2 24 | 22.1% | 60.9% | ||
| Q1 24 | 18.7% | 59.8% |
营业利润率AAOIAMBA
| Q4 25 | -8.6% | -15.0% | ||
| Q3 25 | -15.3% | -23.0% | ||
| Q2 25 | -15.5% | -30.1% | ||
| Q1 25 | -8.9% | -30.2% | ||
| Q4 24 | -6.5% | -30.9% | ||
| Q3 24 | -25.4% | -56.9% | ||
| Q2 24 | -60.7% | -72.4% | ||
| Q1 24 | -53.2% | -80.8% |
净利率AAOIAMBA
| Q4 25 | — | -13.9% | ||
| Q3 25 | -15.1% | -20.9% | ||
| Q2 25 | -8.8% | -28.3% | ||
| Q1 25 | -9.2% | -24.1% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | -27.3% | -54.8% | ||
| Q2 24 | -60.4% | -69.6% | ||
| Q1 24 | -57.0% | -117.4% |
每股收益（稀释后）AAOIAMBA
| Q4 25 | $-0.02 | $-0.35 | ||
| Q3 25 | $-0.28 | $-0.47 | ||
| Q2 25 | $-0.16 | $-0.58 | ||
| Q1 25 | $-0.18 | $-0.48 | ||
| Q4 24 | $-2.82 | $-0.58 | ||
| Q3 24 | $-0.42 | $-0.85 | ||
| Q2 24 | $-0.66 | $-0.93 | ||
| Q1 24 | $-0.60 | $-1.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $206.1M | $174.1M |
| 总债务越低越好 | $34.0M | — |
| 股东权益账面价值 | $733.9M | $590.1M |
| 总资产 | $1.2B | $751.9M |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资AAOIAMBA
| Q4 25 | $206.1M | $174.1M | ||
| Q3 25 | $137.0M | $142.7M | ||
| Q2 25 | $64.7M | $141.3M | ||
| Q1 25 | $51.1M | $144.6M | ||
| Q4 24 | $67.4M | $127.1M | ||
| Q3 24 | $34.1M | $153.9M | ||
| Q2 24 | $10.7M | $131.8M | ||
| Q1 24 | $8.4M | $144.9M |
总债务AAOIAMBA
| Q4 25 | $34.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $22.1M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $22.5M | — | ||
| Q1 24 | $24.1M | — |
股东权益AAOIAMBA
| Q4 25 | $733.9M | $590.1M | ||
| Q3 25 | $559.1M | $576.5M | ||
| Q2 25 | $425.0M | $572.7M | ||
| Q1 25 | $309.0M | $561.4M | ||
| Q4 24 | $229.1M | $554.3M | ||
| Q3 24 | $212.1M | $547.6M | ||
| Q2 24 | $186.5M | $555.4M | ||
| Q1 24 | $195.7M | $559.9M |
总资产AAOIAMBA
| Q4 25 | $1.2B | $751.9M | ||
| Q3 25 | $978.5M | $706.4M | ||
| Q2 25 | $796.9M | $701.9M | ||
| Q1 25 | $644.7M | $689.0M | ||
| Q4 24 | $547.0M | $670.8M | ||
| Q3 24 | $410.0M | $650.3M | ||
| Q2 24 | $348.0M | $638.7M | ||
| Q1 24 | $350.9M | $657.7M |
负债/权益比AAOIAMBA
| Q4 25 | 0.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.12× | — | ||
| Q1 24 | 0.12× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-29.6M | $34.3M |
| 自由现金流经营现金流 - 资本支出 | $-104.6M | $31.4M |
| 自由现金流率自由现金流/营收 | -77.9% | 29.0% |
| 资本支出强度资本支出/营收 | 55.9% | 2.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-353.6M | $64.3M |
8季度趋势，按日历期对齐
经营现金流AAOIAMBA
| Q4 25 | $-29.6M | $34.3M | ||
| Q3 25 | $-28.5M | $5.5M | ||
| Q2 25 | $-65.5M | $14.8M | ||
| Q1 25 | $-50.9M | $25.4M | ||
| Q4 24 | $-24.6M | $6.6M | ||
| Q3 24 | $-14.4M | $16.7M | ||
| Q2 24 | $-2.0M | $-15.0M | ||
| Q1 24 | $-28.5M | $-4.0M |
自由现金流AAOIAMBA
| Q4 25 | $-104.6M | $31.4M | ||
| Q3 25 | $-78.7M | $1.4M | ||
| Q2 25 | $-91.0M | $10.2M | ||
| Q1 25 | $-79.3M | $21.2M | ||
| Q4 24 | $-53.0M | $4.1M | ||
| Q3 24 | $-20.7M | $14.2M | ||
| Q2 24 | $-5.0M | $-16.1M | ||
| Q1 24 | $-34.2M | $-6.0M |
自由现金流率AAOIAMBA
| Q4 25 | -77.9% | 29.0% | ||
| Q3 25 | -66.3% | 1.4% | ||
| Q2 25 | -88.3% | 11.9% | ||
| Q1 25 | -79.4% | 25.3% | ||
| Q4 24 | -52.9% | 5.0% | ||
| Q3 24 | -31.8% | 22.2% | ||
| Q2 24 | -11.5% | -29.5% | ||
| Q1 24 | -84.2% | -11.6% |
资本支出强度AAOIAMBA
| Q4 25 | 55.9% | 2.7% | ||
| Q3 25 | 42.4% | 4.3% | ||
| Q2 25 | 24.7% | 5.3% | ||
| Q1 25 | 28.4% | 5.0% | ||
| Q4 24 | 28.3% | 3.0% | ||
| Q3 24 | 9.7% | 4.0% | ||
| Q2 24 | 6.9% | 2.1% | ||
| Q1 24 | 14.2% | 3.7% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AAOI
| Data Center | $74.9M | 56% |
| CATV | $54.0M | 40% |
| Telecom | $5.1M | 4% |
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
