Which has grown faster, AAOI or VIAV?

Over the past five years, AAOI grew revenue faster — AAOI at a 15.77% CAGR versus VIAV at 4.09%.

Which has been the better investment, AAOI or VIAV?

Over the past 10-year, AAOI delivered the higher annualized total return — AAOI at 32.46% versus VIAV at 22.31%. Past performance doesn't predict future results.

Applied Optoelectronics, Inc. (AAOI) vs Viavi Solutions Inc. (VIAV)

VIAV leads on 6 of 10 compared metrics.

A side-by-side comparison of Applied Optoelectronics, Inc. and Viavi Solutions Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AAOI

Applied Optoelectronics, Inc.

Total return — AAOI vs VIAV

growth of $100 · last 13y

AAOI +1619.2%VIAV +535.3%AAOI compounded faster

AAOI VIAV

AAOI vs VIAV: by the numbers

•AAOI is the larger company ($13.74B vs $12.97B market cap).
•Both run net losses; VIAV's is the smaller (-4.03% vs -8.55% net margin).
•AAOI grew revenue faster over the past five years (15.77% vs 4.09% CAGR).

Which is better, AAOI or VIAV?

Metric tally: AAOI 4 · VIAV 6

It depends on what you're optimizing for:

GrowthAAOI(faster 5Y revenue CAGR)

QualityVIAV(higher ROIC)

Metrics side by side

Valuation

Metric	AAOI	VIAV
Forward P/E	165.73	56.46●
P/S ratio	25.66	9.67●
P/B ratio	11.76●	15.60
EV / EBITDA	—	115.38
FCF yield	—	0.34%

Profitability

Metric	AAOI	VIAV
Gross margin	29.64%	55.69%●
Operating margin	-11.57%	8.16%●
Net margin	-8.55%	-4.03%●
ROE	-3.92%●	-6.51%
ROIC	-4.71%	3.79%●

Growth (annualized)

Metric	AAOI	VIAV
Revenue CAGR (5Y)	15.77%●	4.09%
EPS CAGR (5Y)	—	4.24%
FCF CAGR (5Y)	—	-21.53%
Total return CAGR (5Y)	82.46%●	25.00%

Frequently asked

Which is better, AAOI or VIAV?: It depends on your goal. growth: AAOI (faster 5Y revenue CAGR); quality: VIAV (higher ROIC). Across all compared metrics, VIAV leads 6 to 4.
Which has grown faster, AAOI or VIAV?: Over the past five years, AAOI grew revenue faster — AAOI at a 15.77% CAGR versus VIAV at 4.09%.
Which has been the better investment, AAOI or VIAV?: Over the past 10-year, AAOI delivered the higher annualized total return — AAOI at 32.46% versus VIAV at 22.31%. Past performance doesn't predict future results.

Go deeper

Full AAOI analysis Full VIAV analysis Interactive comparison tool

Dig into the metrics

Applied Optoelectronics P/E ratio Viavi Solutions P/E ratio Applied Optoelectronics dividend yield Viavi Solutions dividend yield Applied Optoelectronics ROE Viavi Solutions ROE Applied Optoelectronics operating margin Viavi Solutions operating margin Applied Optoelectronics revenue growth Viavi Solutions revenue growth Applied Optoelectronics free cash flow Viavi Solutions free cash flow

Applied Optoelectronics & Viavi Solutions appear in these rankings

Fastest Revenue Growth Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 23, 2026.