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AXT, Inc. (AXTI)

55.06 -5.82 (-9.56%)
At close: October 30 at 4:00:01 PM EDT
55.21 +0.15 (+0.27%)
After hours: October 30 at 7:59:41 PM EDT
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AXTI Q3 2026 earnings call
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What's happening with AXTI?

41m ago
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AXT delivered a stronger-than-expected third quarter, powered by record indium phosphide demand from AI data-center optical networks. Management raised the scale of its capacity plans, guided to roughly $90 million in fourth-quarter revenue, and disclosed potential financing for Tongmei, its majority-owned subsidiary.

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  • Previous Close 60.88
  • Open 57.28
  • Bid 46.91 x 100
  • Ask 62.25 x 100
  • Day's Range 50.96 - 58.84
  • 52 Week Range 7.80 - 143.16
  • Volume 14,700,900
  • Avg. Volume 10,328,966
  • Market Cap (intraday) 3.61B
  • Beta (5Y Monthly) 1.86
  • PE Ratio (TTM) 1,376.50
  • 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 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

AXTI
236.76%
S&P 500 (^GSPC)
10.73%

1-Year Return

AXTI
652.19%
S&P 500 (^GSPC)
11.11%

3-Year Return

AXTI
2,612.32%
S&P 500 (^GSPC)
81.91%

5-Year Return

AXTI
573.93%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 73.41M
Earnings 25.72M
Profit Margin 35.04%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
20M
40M
60M
-10.0%
0.0%
10.0%
20.0%
30.0%

Analyst Insights

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Analyst Price Targets

55.00
91.60 Average
55.06 Current
125.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/30/2026
Analyst B. Riley Securities
Rating Action Maintains
Rating Neutral
Price Action Raises
Price Target 55 -> 56

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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