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AXT, Inc. (AXTI)

64.38 +6.15 (+10.56%)
At close: October 28 at 4:00:01 PM EDT
60.64 -3.74 (-5.81%)
Pre-Market: 5:52:17 AM EDT
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AXTI Q3 2026 earnings call
Today at 4:30 PM EDT
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AXT announced up to $545 millionin private-equity financing for its Tongmei subsidiary, supporting indium phosphide wafer expansion and other capital needs. The company is also scheduled to report third-quarter results on October 29, 2026, with expectations centered on rapid revenue growth, improving profitability, and execution risks tied to China export permits.

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  • Previous Close 58.23
  • Open 59.24
  • Bid 55.47 x 100
  • Ask 72.89 x 100
  • Day's Range 58.78 - 65.20
  • 52 Week Range 6.63 - 143.16
  • Volume 11,935,173
  • Avg. Volume 10,307,318
  • Market Cap (intraday) 4.222B
  • Beta (5Y Monthly) 1.86
  • PE Ratio (TTM) 1,609.50
  • EPS (TTM) 0.04
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 91.60
  • Zacks Rating Neutral

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 10/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

AXTI
293.76%
S&P 500 (^GSPC)
13.13%

1-Year Return

AXTI
875.45%
S&P 500 (^GSPC)
12.38%

3-Year Return

AXTI
3,010.15%
S&P 500 (^GSPC)
88.08%

5-Year Return

AXTI
717.01%
S&P 500 (^GSPC)
68.48%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 47.59M
Earnings 11.13M
Profit Margin 23.38%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
10M
20M
30M
40M
-10.0%
0.0%
10.0%
20.0%

Analyst Insights

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Analyst Price Targets

55.00
91.60 Average
64.38 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 (current)

  • 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)

    0.04

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    417.2M

  • Total Debt/Equity (mrq)

    10.67%

  • Levered Free Cash Flow (ttm)

    -44.42M

Company Insights

Research Reports

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