AXT, Inc.

AXT, Inc.

AXTI
AXT, Inc.US flagNASDAQ Global Select
81.64
USD
+4.19
- -
4.14BMarket 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
1.53
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
-0.14
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
-0.46
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.18
4.1
3.95
3.92
4.57
4.68
4.54
4.51
4.85
5.01
4.53
4.17
4.87
- -
Tangible Book Value per Share
4.18
4.1
3.95
3.92
4.55
4.66
4.51
4.47
4.8
4.96
4.49
4.13
4.84
- -
Basic Weighted Avg Shares
33
32
32
32
37
39
39
40
41
42
43
43
44
51
Sales/Revenue/Turnover
85
83
78
81
99
102
83
95
137
141
76
99
88
78
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
-6.65
Depreciation Expense
5
6
5
5
4
5
6
4
7
8
9
9
9
7
Net Income, GAAP
-8
-1
-2
6
10
10
-3
3
15
16
-18
-12
-21
-7
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
-9.08
Working Capital
84
88
84
91
118
100
86
125
112
108
89
84
156
- -
LT Debt
- -
- -
- -
- -
- -
- -
3
2
2
1
2
2
1
- -
Total Equity
146
145
138
137
188
195
193
256
280
290
269
255
335
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
4.59
6.28
4.34
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-5.89
-1.16
-1.83
4.23
6.44
5.16
-1.49
1.64
7.25
7.34
-8.63
-6.06
-9.34
-8.18

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
63
69
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
4
4
- -
Shares Outstanding
55
56
56
Market Capitalization
905
3,167
4,006

Working Capital

FRC

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

APIChatGPT
CEO
Morris S. Young
Full Time Employees
1,541
Sector
Technology
Industry
Semiconductors
Address
4281 Technology Drive Fremont CA United States of America 94538
IPO Date
May 21, 1998
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

APIChatGPT
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