AXT, Inc.

AXT, Inc.

AXTIยทNASDAQ

$106.70

-0.58%
TechnologySemiconductors

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.

At a Glance

Live Snapshot
Market Cap$4.95B
EPS-0.4900
P/E Ratio-217.76
Earnings Date07/30/2026
3Y-37.0%
5Y-7.0%
10Y+9.0%
3Y-234.0%
5Y-757.0%
10Y-477.0%
3Y+46.0%
5Y-318.0%
10Y-202.0%
AXT, Inc.

AXT, Inc. Profit Bridge

AXTI ยท NASDAQ
Revenue88.33M
Cost of Goods Sold (77.08M)
Gross Profit11.24M
Operating Expenses (33.22M)
Operating Income-21.98M
Interest Expense (1.26M)
Other Income/Expense432.00K
Pretax Income-21.54M
Income Tax (1.66M)
Net Income-21.26M
Net Income
-21.26M

Profitability Analysis

Gross Margin

12.7%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-24.9%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-24.1%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

AXT, Inc. Income Statement

AXTI โ€ข NASDAQ

AXT, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
88.3M
99.4M
75.8M
141.1M
137.4M
95.4M
83.3M
102.4M
98.7M
81.3M
77.5M
83.5M
85.3M
88.4M
104.1M
95.5M
55.4M
73.1M
58.2M
44.4M
GROSS PROFIT
(77.1M)
(75.5M)
(62.5M)
(89M)
(90M)
(65.1M)
(58.4M)
(65.4M)
(64.2M)
(55M)
(60.7M)
(66.3M)
(73.5M)
(63.5M)
(59.3M)
(59M)
(41.5M)
(55.1M)
(37.9M)
(31.7M)
11.2M
23.8M
13.3M
52.1M
47.4M
30.3M
24.8M
37M
34.5M
26.4M
16.8M
17.2M
11.8M
24.9M
44.8M
36.5M
13.9M
18M
20.3M
12.7M
OPERATING INCOME
(33.2M)
(38.6M)
(34.9M)
(39.6M)
(34.5M)
(26.3M)
(25.1M)
(24.9M)
(21.8M)
(19.7M)
(21.7M)
(19.1M)
(19.5M)
(18.9M)
(17.3M)
(16.3M)
(15M)
(17.9M)
(15M)
(16.4M)
(24.2M)
(24.1M)
(22.8M)
(25.7M)
(24.2M)
(19.2M)
(19.3M)
(19M)
(17M)
(13.9M)
(16.1M)
(15M)
(16.1M)
(15.4M)
(14.8M)
(14M)
(13.4M)
(15.8M)
(13.7M)
(12.7M)
(9M)
(14.5M)
(12.1M)
(13.9M)
(10.3M)
(7.1M)
(5.8M)
(5.9M)
(4.8M)
(5.9M)
(5.7M)
(4.1M)
(3.4M)
(3.5M)
(2.5M)
(2.3M)
(1.6M)
(2.2M)
(1.7M)
(2.4M)
-22M
-14.8M
-21.6M
12.6M
12.9M
3.9M
-314K
12.1M
12.6M
6.4M
-4.9M
-2.9M
-7.7M
6M
27.5M
20.2M
-1.6M
-38K
5.3M
-3.7M
PRE-TAX INCOME
(1.3M)
(1.3M)
(1.5M)
(1.1M)
(213K)
(179K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(177K)
(513K)
(0.0)
(0.0)
-1.3M
-1.3M
-1.5M
-1.1M
-213K
-179K
217K
528K
461K
409K
412K
483K
408K
518K
449K
53K
177K
513K
704K
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-481K
(1.4M)
432K
4.1M
2.5M
8.4M
4.7M
3.1M
-712K
-200K
-1.8M
-726K
2.9M
2.4M
1M
1M
1.1M
2.5M
562K
372K
720K
3.2M
-21.5M
-10.7M
-19M
20.9M
17.6M
7.1M
-1M
11.9M
10.9M
5.7M
-2M
-482K
-6.6M
7M
28.6M
22.7M
-1M
334K
6M
-528K
NET INCOME
(1.7M)
(1.1M)
(160K)
(2.2M)
(1.1M)
(2M)
(562K)
(938K)
(792K)
(733K)
(531K)
(215K)
(188K)
(853K)
(2.8M)
(2.3M)
(471K)
(1M)
(728K)
-1.5M
-21.3M
-11.6M
-17.9M
15.8M
14.6M
3.2M
-1.6M
9.7M
10.1M
5.6M
-2.2M
-1.4M
-8M
3.1M
20.3M
18.7M
-1.9M
-689K
5.3M
944K

SEC Filings

AXTI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 15, 2026
May 14, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 14, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
8-K

8-K 2026

N/A

April 21, 2026
April 20, 2026
2026
8-K

8-K 2026

N/A

April 20, 2026
April 20, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 31, 2026
May 14, 2026
2026
10-K

10-K 2025 FY

FY

March 17, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
8-K

8-K 2026

N/A

January 29, 2026
January 26, 2026
2026
8-K

8-K 2026

N/A

January 09, 2026
January 08, 2026
2026
Showing 1 to 10 of 368 filings