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+46.0%
5Y-318.0%
10Y-202.0%
3Y-73.0%
5Y-58.0%
10Y+514.0%
3Y+182.0%
5Y+103.0%
10Y+8151.0%
AXTI

AXT, Inc. Cash Conversion Engine

AXTI ยท NASDAQ
Net Income-21.26M
Depreciation & Amortization9.11M
Stock-Based Compensation0.00
Change in Working Capital-2.00M
Others1.46M
Capital Expenditures-6.00M
Free Cash Flow-18.78M

Cash Flow Quality Analysis

FCF Conversion Rate

88.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-46.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-5.0%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$2.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

AXT, Inc. Cash Flow Statement

AXTI โ€ข NASDAQ

AXT, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-21.3M
-11.8M
-17.9M
18.7M
16.5M
5M
-1.6M
11M
10.1M
5M
-2.5M
-697K
-6.8M
6.2M
25.8M
20.4M
-1.5M
-689K
5.3M
944K
9.1M
9M
8.7M
8.1M
7.1M
4.3M
5.5M
4.9M
4.4M
4.9M
5.5M
5.6M
5.5M
3.9M
3.4M
2.9M
3.1M
2.2M
1.4M
2.5M
-88K
265K
553K
104K
2.3M
0.0
0.0
981K
1.7M
1.9M
-1.1M
-1.3M
49K
195K
0.0
0.0
-85K
0.0
-1.5M
-4M
0.0
3.1M
3.5M
4M
4.5M
2.6M
2.3M
1.9M
1.4M
1.1M
1.3M
1.1M
1.3M
1.2M
896K
655K
766K
634K
498K
822K
1.5M
-925K
1.4M
-4.6M
-3.5M
156K
2.3M
158K
173K
94K
218K
432K
518K
323K
382K
-25K
507K
-244K
17K
2.2M
(0.0)
(962K)
(686K)
(1.7M)
(3.2M)
(2M)
(749K)
(1.1M)
(714K)
(788K)
(284K)
(293K)
(782K)
(1.7M)
(3.2M)
(2M)
(887K)
(1.5M)
(483K)
(0.0)
-2M
-11.7M
7M
-35.2M
-30.3M
-6.3M
4M
-15.7M
-9.1M
-401K
-1.6M
-1.4M
2M
9.5M
-12.4M
-12.9M
1.9M
-7.6M
-4.4M
-12.8M
-12.8M
-12.1M
3.4M
-8.8M
-3.3M
5.9M
12.7M
3.2M
8.6M
12.5M
1.9M
3.8M
2.5M
21.3M
18.1M
11M
4.7M
-5.7M
1.3M
-10.3M
INVESTING ACTIVITIES
-6M
-5.8M
-10.5M
-28.5M
-29.6M
-19.9M
-21.8M
-40.5M
-21.4M
-2.7M
-4.2M
-2M
-5.4M
-7.1M
-13.1M
-6.4M
-2M
-6.8M
-3.7M
-4.5M
(0.0)
(0.0)
(708K)
(2.2M)
(9.2M)
(0.0)
-13.5M
(99K)
(0.0)
(35K)
-162K
(0.0)
(0.0)
(2K)
-3M
(19M)
(430K)
(5K)
(62K)
(173K)
-837K
-834K
-2.5M
-2.2M
-9.6M
-6M
-8.7M
-9.9M
-30M
-11.9M
-12.9M
-11.8M
-14.1M
-12.1M
-14M
-19M
-3M
-22.6M
-36.1M
-27.3M
0.0
2.2M
10.4M
5.4M
480K
9.4M
22.2M
19.6M
14.8M
13.5M
14.3M
13.9M
12.5M
6.9M
16.2M
20.1M
3.9M
24.5M
35.8M
15.5M
0.0
0.0
-708K
-2.2M
-9.2M
0.0
13.5M
99K
169K
35K
469K
13K
818K
-875K
-1.5M
-19M
3M
8.7M
450K
300K
-6.8M
-4.4M
-2.6M
-25.2M
-38.8M
-16.4M
-8.3M
-30.8M
-36.5M
-1.1M
-2.5M
(142K)
-6.2M
-13.2M
-15.4M
-5.3M
(2.4M)
(3.8M)
-3.5M
-15.8M
FINANCING ACTIVITIES
95.2M
28K
10K
518K
-1.1M
47.6M
366K
0.0
1.8M
1.3M
-2.1M
134K
-716K
0.0
0.0
0.0
351K
171K
4.5M
24.7M
11.9M
-564K
7.9M
35.3M
3.3M
4.4M
5.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-496K
-3.1M
-3.7M
-592K
-431K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-465K
(0.0)
-112K
-166K
-2.3M
(0.0)
-1.6M
-527K
-957K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-415K
(0.0)
(0.0)
-2.3M
(0.0)
-716K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
708K
2.2M
3.5M
694K
6K
213K
34.3M
-39K
0.0
0.0
532K
-3.8M
637K
1.5M
0.0
2M
0.0
0.0
107.1M
-536K
8.6M
38M
5.7M
52.7M
6.2M
213K
35.6M
1.3M
-2.2M
-32K
-2.5M
-3.8M
-999K
474K
-3.7M
-3.5M
3.9M
24.2M
CASH FLOW SUMMARY
7.1M
790K
-646K
542K
551K
3.6M
-150K
-430K
405K
-1.4M
-1.1M
-81K
543K
136K
729K
579K
30K
593K
534K
468K
94.6M
-16.3M
8.8M
4.6M
-35.8M
45.7M
10.4M
-27.8M
8.2M
11.3M
-3.9M
3.9M
-5.7M
4.5M
2.4M
6.8M
3.4M
-4.8M
2.3M
-1.4M
33.8M
50.1M
41.3M
36.8M
72.6M
26.9M
16.5M
44.4M
36.2M
24.9M
28.8M
25M
30.6M
26.2M
23.7M
16.9M
13.6M
18.4M
16.1M
17.5M
128.4M
33.8M
50.1M
41.3M
36.8M
72.6M
26.9M
16.5M
44.4M
36.2M
24.9M
28.8M
25M
30.6M
26.2M
23.7M
16.9M
13.6M
18.4M
16.1M
-18.8M
-17.9M
-7.1M
-37.2M
-33M
-14M
-9.1M
-37.3M
-12.7M
9.8M
-2.3M
1.9M
-2.9M
14.2M
5M
4.6M
2.7M
-12.5M
-2.4M
-14.7M

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