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Hilton reported FY2025 revenue of $12.0 billion, operating income of $2.7 billion, net income of $1.5 billion and Q1 2026 revenue of $2.9 billion. The thesis depends on travel demand, franchise and management fees, development pipeline execution, capital-light
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Official-source baseline for Applied Optoelectronics using SEC submissions, SEC XBRL companyfacts, the FY2025 10-K, Q1 FY2026 10-Q, Q1 FY2026 earnings 8-K and release, 2026 proxy, and optical-networking peer filings.
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