AAOI is trading at $132.18 (4.6% down) as the stock extends a multi-session selloff following a disappointing Q1 2026 earnings report and guidance reset.
- Shares have fallen sharply since May as investors reassess the company's rich valuation and the timing of its 800G product ramp after misses on both revenue and EPS expectations.
- The current pre-market weakness appears to be a continuation of this repricing trend, further pressured by a softer overall technology tape.