AXT, Inc.

AXT, Inc.

AXTI
AXT, Inc.US flagNASDAQ Global Select
106.70
USD
-4.15
- -
4.95BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.61
2.57
2.41
2.53
2.64
2.62
2.11
2.38
3.32
3.35
1.78
2.3
2.01
2.07
Basic EPS, GAAP
-0.25
-0.05
-0.07
0.17
0.27
0.24
-0.07
0.08
0.35
0.37
-0.42
-0.27
-0.49
-0.31
Free Cash Flow per Basic Share
-0.07
0.05
-0.07
0.3
-0.34
-0.96
-0.23
-0.35
-0.8
-0.88
-0.17
-0.41
-0.43
-0.6
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-2.05
-2.11
-2.19
-2.02
-1.46
-1.16
-1.21
-1.11
-0.72
-0.34
-0.75
-1.01
-1.48
-1.43
Tangible Book Value per Share
4.34
4.35
4.16
4.16
4.9
4.86
4.76
6.23
6.64
6.75
6.19
5.79
7.5
7.19
Basic Weighted Avg Shares
33
32
32
32
37
39
39
40
41
42
43
43
44
46
Sales/Revenue/Turnover
85
83
78
81
99
102
83
95
137
141
76
99
88
96
Operating Margin (%)
-8.98
-2.33
-6.32
8.18
12.81
11.86
0.59
8.12
10.21
10.11
-25.08
-12.64
-23.34
-12.44
Depreciation Expense
5
6
5
5
4
5
6
4
7
8
9
9
9
9
Net Income, GAAP
-8
-1
-2
6
10
10
-3
3
15
16
-18
-12
-21
-14
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-9.33
-1.66
-2.87
6.93
10.28
9.43
-3.12
3.4
10.61
11.2
-23.59
-11.7
-24.07
-14.68
Working Capital
84
88
84
91
118
100
86
125
112
108
89
84
156
156
LT Debt
- -
- -
- -
- -
- -
- -
3
2
2
1
2
2
1
1
Total Equity
146
145
138
137
188
195
193
256
280
290
269
255
335
337
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
-10.64
-19.72
-19.6
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
62
63
69
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
4
4
4
Shares Outstanding
46
55
56
Market Capitalization
196
719
2,644

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
150
247
254
Cash, Cash Equivalents & STI
23
120
107
Accounts Receivable, Net
34
27
32
Inventories
78
82
90
Total Current Liabilities
85
91
98
Payables & Accruals
19
22
24
ST Debt
62
63
69
Deferred Revenue
1
- -
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.39%
6.39%
31.28%
Free Cash Flow
-36.47%
45.08%
5%
Net Income, GAAP
-43.58%
38.68%
82.9%
Sales/Revenue/Turnover
4.64%
4.1%
-11.11%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23
28
24
25
99
2025
19
18
28
23
88
2026
27
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.04
-0.07
-0.12
-0.27
2025
-0.2
-0.16
-0.04
-0.08
-0.49
2026
-0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Morris S. Young
Full Time Employees
1,527
Sector
Technology
Industry
Semiconductors
Address
4281 Technology Drive Fremont CA United States of America 94538
IPO Date
May 21, 1998
Website
axt.com
Business
AXT, Inc. specializes in the design, development, manufacture, and distribution of high-performance compound and single element semiconductor wafer substrates. The company’s core product portfolio includes indium phosphide (InP), gallium arsenide (GaAs), and germanium (Ge) substrates, which are essential in applications where silicon wafers cannot meet performance requirements. These substrates serve critical markets such as telecommunications, data communications, cloud and data center infrastructure, integrated circuits, high-frequency devices, satellite communications, optical sensors, LEDs, solar cells for drones and automobiles, Lidar for autonomous vehicles, and night vision goggles. AXT operates advanced manufacturing facilities in Beijing, China, alongside its headquarters and sales operations in Fremont, California. Founded in 1986 and headquartered in Fremont, California, AXT, Inc. has recently exhibited significant growth and strategic shifts. In 2024, the company reported notable revenue expansion driven by penetration into the cloud and data center infrastructure market and the cell phone market, which represented a nearly $100 million addressable market opportunity previously underexploited by AXT. The company filed for a $100 million mixed securities shelf offering in late 2025, signaling capital-raising initiatives to support growth and expansion strategies. This move is backed by optimistic market sentiment and strategic partnerships strengthening AXT’s market position. Leadership changes included CEO Morris S. Young's share transactions while still maintaining significant ownership, reflecting management’s confidence in company prospects. AXT competes in a niche semiconductor materials market dominated by a few key suppliers and holds an estimated 12% market share in the indium phosphide substrate segment. The company’s vertically integrated manufacturing approach and technical innovation provide a competitive edge in producing substrates for advanced electronic and optoelectronic devices. Its products support applications demanding high reliability and performance in extreme environments. Geographic operations encompass global sales, with manufacturing concentrated in China and corporate oversight in the United States, enabling AXT to effectively serve international technology and electronics manufacturers. In summary, AXT, Inc. is a material science leader in semiconductor substrates, offering gallium arsenide, indium phosphide, and germanium wafers used in critical high-tech applications across telecommunications, data centers, and aerospace sectors. The company is actively pursuing strategic growth through new market penetrations, capital raising via securities offerings, and strengthening partnerships to capitalize on emerging opportunities within its specialized semiconductor niche. These developments position AXT for expansion amid rising demand for advanced compound semiconductor materials worldwide.

Company News

APIChat
  • AXTI's Capacity Expansion: Will It Cement AI Supply-Chain Leadership?

  • Are You Looking for a Top Momentum Pick? Why AXT (AXTI) is a Great Choice

  • Stocks In AI Bottleneck Soar 1,000%. Now Nvidia Is Demanding 20X More Supply

  • AXT Inc (AXTI) Shares Fall 7.5% -- What GF Score of 58 Tells Investors

  • AXTI's AI-Driven Indium Phosphide Boom: Is Hypergrowth Sustainable?

  • AXT Inc (AXTI) Stock Down 5.7% but Still Overvalued -- GF Score: 58/100

  • AXT vs. Coherent: Which Photonics Chip Supplier Is the Better Buy?

  • AXT: A Company Meeting An Inflection Point

  • Can AXTI's Margins Continue to Improve as AXTI Nears Profitability in 2026?

  • AXT Inc (AXTI) Shares Fall 14.3% -- GF Value Says Still Overvalued

  • AXT, Inc. Announces Financial Conference Participation for the Second Quarter 2026

  • AXTI Surges More Than 650% YTD: What's Driving the Strong Uptrend?

  • AXTI's AI-Driven Surge: Can Its Record Backlog Aid the Strong Uptrend?

  • AXT Announces Adjournment of 2026 Annual Meeting of Stockholders

  • AXT Announces Adjournment of 2026 Annual Meeting of Stockholders

  • AXT (AXTI) Is Up 21.21% in One Week: What You Should Know

  • A Look at AXT Inc (AXTI) After 8.1% Gain -- GF Value $2.29 vs Price $125.81

  • REX Shares Launches T-REX 2X AXTI (AXTU) ETF

  • Can AXT (AXTI) Run Higher on Rising Earnings Estimates?

  • AXT Inc. Hits New All-Time Highs On Strong Earnings And Forward Outlook