AXT/$AXTI
1D1W1MYTD1Y5YMAX
Capital at risk
About AXT
AXT Inc is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
- Ticker
- $AXTI
- Sector
- Semiconductors
- Primary listing
- NASDAQ
- Employees
- 1,541
- Headquarters
- Fremont, United States
- Website
- www.axt.com
AXT Metrics
BasicAdvanced
$4.9B
1,059.06
$0.07
1.92
-
Price and volume
Market cap
$4.9B
Beta
1.92
52-week high
$143.16
52-week low
$4.00
Average daily volume
9.1M
Financial strength
Current ratio
4.765
Quick ratio
3.612
Long term debt to equity
0.018
Total debt to equity
0.109
Interest coverage (TTM)
4.94%
Profitability
EBITDA (TTM)
13.377
Gross margin (TTM)
32.18%
Net profit margin (TTM)
3.23%
Operating margin (TTM)
3.09%
Effective tax rate (TTM)
36.96%
Revenue per employee (TTM)
$80,000
Management effectiveness
Return on assets (TTM)
0.34%
Return on equity (TTM)
1.01%
Valuation
Price to earnings (TTM)
1,059.065
Price to revenue (TTM)
30.693
Price to book
5.51
Price to tangible book (TTM)
5.26
Price to free cash flow (TTM)
-196.898
Free cash flow yield (TTM)
-0.51%
Free cash flow per share (TTM)
-0.385
Growth
Revenue change (TTM)
45.81%
Earnings per share change (TTM)
-112.97%
3-year revenue growth (CAGR)
7.88%
10-year revenue growth (CAGR)
5.19%
3-year earnings per share growth (CAGR)
26.15%
10-year earnings per share growth (CAGR)
22.14%
What the Analysts think about AXT
Analyst ratings (Buy, Hold, Sell) for AXT stock.
Analyst projections of the future price of AXT stock.
Bulls say / Bears say
AXT’s demand inflection is already visible in the numbers: Q2 revenue reached a record $47.6 million, InP revenue hit $30.7 million, and GAAP net income returned at $11.1 million. The higher InP mix also helped lift GAAP gross margin to 44.9%. (SEC.gov, Semiconductor Today)
Order visibility has strengthened sharply, with InP backlog above $100 million and supply agreements with Coherent and Lumentum. Lumentum’s agreement reserves capacity through 2031 and includes an initial $43.5 million deposit, signalling that major customers are willing to secure future supply. (Semiconductor Today, Morningstar)
AXT has raised substantial capital to pursue the opportunity: its April offering generated about $632.5 million before expenses, and Q2 cash, equivalents and investments reached roughly $749 million. Management is using that balance sheet to target about $60 million of quarterly InP capacity by the end of 2026 and about $130 million by the end of 2027. (AXT, Semiconductor Today)
AXT still depends on Chinese export permits for some InP shipments to US customers, and management says it cannot predict when approvals will arrive. Delays can leave orders backlogged even when demand and production capacity are available. (The Motley Fool, The Epoch Times)
China accounted for more than half of Q2 revenue, while AXT’s manufacturing base and much of its supply chain are also in China. That concentration leaves results exposed to geopolitical tensions, Chinese regulation and shifts in China’s AI investment cycle. (The Motley Fool, AXT)
The planned capacity ramp brings material execution risk. Under its Coherent agreement, AXT can face termination and repayment of unused prepayments if it misses its capacity commitment for more than six successive months, while the new 6-inch InP programme still has to scale reliably. (SEC.gov, AXT, Inc. 10-Q Q2 2026 Quarterly Report)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.
AXT Financial Performance
Revenues and expenses
AXT Earnings Performance
Company profitability
Upcoming events
No upcoming events
AXT News
AllArticlesVideos
Funds containing AXT
AllUSDGBPEUR
Fund name | Fund size | $AXTI weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.27% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.27% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.15% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.06% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.06% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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