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AXT, Inc. (AXTI)

61.64 +5.44 (+9.68%)
At close: September 4 at 4:00:01 PM EDT
63.11 +1.47 (+2.38%)
After hours: September 4 at 7:59:54 PM EDT
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What's happening with AXTI?

44m ago
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AXT, Inc. (AXTI) has shown strong revenue growth driven by expanded supply agreements and rising demand for indium phosphide (InP) substrates. The company reported record Q2 2026 revenue of $47.6 million, up 164% year-over-year, and has a backlog exceeding $100 million.

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  • Previous Close 56.20
  • Open 57.55
  • Bid 60.80 x 200
  • Ask 63.00 x 200
  • Day's Range 56.01 - 62.50
  • 52 Week Range 3.02 - 143.16
  • Volume 10,587,172
  • Avg. Volume 10,302,375
  • Market Cap (intraday) 4.042B
  • Beta (5Y Monthly) 1.92
  • PE Ratio (TTM) 2,054.67
  • EPS (TTM) 0.03
  • Earnings Date (est.) Oct 29, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 91.60

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company provides indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also offers 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 LEDs, screen displays using micro-LEDs, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, laser machining, cutting and drilling, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers. In addition, the company provides 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 offers 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. It 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.

www.axt.com

1,541

Full Time Employees

December 31

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

AXTI
277.00%
S&P 500 (^GSPC)
12.75%

1-Year Return

AXTI
1,982.43%
S&P 500 (^GSPC)
18.71%

3-Year Return

AXTI
2,234.85%
S&P 500 (^GSPC)
70.93%

5-Year Return

AXTI
528.34%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 26.92M
Earnings -1.62M
Profit Margin -6.02%

Q3

FY25

Q4

FY25

Q1

FY26

0
10M
20M
-14.0%
-12.0%
-10.0%
-8.0%

Analyst Insights

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Analyst Price Targets

55.00
91.60 Average
61.64 Current
125.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 7/31/2026
Analyst B. Riley Securities
Rating Action Maintains
Rating Neutral
Price Action Raises
Price Target 52 -> 55

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    3.23%

  • Return on Assets (ttm)

    0.34%

  • Return on Equity (ttm)

    1.01%

  • Revenue (ttm)

    125.51M

  • Net Income Avi to Common (ttm)

    3.88M

  • Diluted EPS (ttm)

    0.03

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    417.2M

  • Total Debt/Equity (mrq)

    10.67%

  • Levered Free Cash Flow (ttm)

    -44.42M

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