
AXT, Inc.
AXTINASDAQTechnologySemiconductors
Previous close
$70.74
−$2.38 · -3.25%
Pre-market
$67.65
−$3.09 · -4.37%
Aug 24, 6:31 AM ET
AXTI company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Sell
Trim exposure — unfavorable risk-reward
Valuation
14
Overpriced
Momentum
48
Neutral
Sentiment
63
Bullish
Risk resilience
31
High Risk
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
AI-generated, informational only, and not investment advice.
Company profile
Company websiteAXT, Inc. is a company dedicated to the design, development, production, and worldwide distribution of both compound and single-element semiconductor substrates. Leveraging its proprietary vertical gradient freeze technology, the firm manufactures these essential components. Its diverse product range includes indium phosphide substrates, vital for applications like data center connectivity (utilizing light and lasers), 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplification and switching, infrared LEDs for motion control, LiDAR in robotics and autonomous vehicles, and infrared thermal imaging. AXT also provides semi-insulating gallium arsenide (GaAs) substrates, which are critical for Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells. Furthermore, its semi-conducting GaAs substrates find use in LEDs, screen displays, printer head lasers and LEDs, 3D sensing via VCSELs, data center communication using VCSELs, sensors for industrial robotics and near-infrared applications, optical couplers, solar cells, night vision goggles, LiDAR for robotics and autonomous vehicles, and various other laser technologies such as machining, cutting, and drilling. Germanium substrates are another key offering, employed in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photovoltaic cells, infrared detectors, and as carrier wafers for LEDs. Beyond these substrates, AXT supplies high-purity materials including 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, along with pyrolytic boron nitride (pBN) crucibles and pBN insulating parts. The company distributes its products via a direct salesforce in the United States, China, and Europe, alongside independent sales representatives and distributors across Japan, Taiwan, Korea, and other international markets. Established in 1986 as American Xtal Technology, Inc., the company rebranded to AXT, Inc. in July 2000 and is headquartered in Fremont, California.
- Industry
- Semiconductors
- Sector
- Technology
- Headquarters
- US
- CEO
- Morris S. Young
- Listed since
- May 21, 1998
- Employees
- 1,541
Market position
Day range
Current $70.74
52-week range
Current $70.74
- Open
- $75.42
- Previous close
- $73.12
- Volume
- 8.57M
- 0.78× average
- Average volume
- 10.93M
- Average daily volume
- Market cap
- 3.59B USD
- Beta
- 1.93
- Market reference 1
- 50-day average
- $68.1156
- +3.85% above average
- 200-day average
- $52.0391
- +35.94% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 662.85M USD
- P/E (TTM)
- 2,959.83×
- P/B (TTM)
- 4.88×
- P/S (TTM)
- 28.6×
- EV / EBITDA
- -59.29×
- Earnings yield
- -2.96%
- Free cash flow yield
- -2.61%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 32.18%
- Operating margin
- 3.09%
- Net margin
- 3.23%
- Return on equity
- -7.78%
- Return on assets
- -4.90%
- Return on invested capital
- -5.41%
Financial health
- Debt / equity
- 0.1×
- Current ratio
- 2.72×
- Altman Z-score
- 15.4
- Piotroski F-score
- 4 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 88.33M USD | 99.36M USD | 75.8M USD | 141.12M USD | 137.39M USD |
| Cost of goods sold | 77.08M USD | 75.53M USD | 62.48M USD | 89M USD | 89.98M USD |
| Gross profit | 11.24M USD | 23.84M USD | 13.32M USD | 52.12M USD | 47.41M USD |
| Research and development | 9.05M USD | 14.54M USD | 12.08M USD | 13.91M USD | 10.33M USD |
| Selling, general, and administrative | 24.17M USD | 24.1M USD | 22.81M USD | 25.65M USD | 24.19M USD |
| Operating expenses | 33.22M USD | 38.64M USD | 34.89M USD | 39.57M USD | 34.52M USD |
| Interest expense | 1.26M USD | 1.34M USD | 1.53M USD | 1.07M USD | 213K USD |
| Depreciation and amortization | 9.11M USD | 8.98M USD | 8.72M USD | 8.12M USD | 7.08M USD |
| Operating income | −21.98M USD | −14.8M USD | −21.57M USD | 12.55M USD | 12.9M USD |
| Net income | −21.26M USD | −11.62M USD | −17.88M USD | 15.81M USD | 14.58M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 64%
- 7 beats, 4 misses, 0 met estimates
- Average EPS surprise
- +23.69%
- 11 comparable reports
- Latest EPS result
- 0.19
- Estimate 0.07 · Beat by 164.04%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$99.50
40.66% upsideRating distribution
11 ratingsRecent analyst actions
AXTI news
AXTI peers
ETFs holding AXTI
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI119.64M0.01%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM116.82M0.14%81.62B USD0.19%$299.96+0.77%
Invesco Semiconductors ETFPSI43.64M1.75%2.49B USD0.56%$138.91-0.05%
Vanguard Morningstar Small-Cap ETFVB43.2M0.02%183.4B USD0.03%$304.76+0.64%
iShares Russell 2000 Growth ETFIWO42.5M0.28%15.16B USD0.24%$387.37+1.24%
Vanguard Extended Market ETFVXF41.64M0.04%93.7B USD0.05%$245.53+0.82%
Invesco Dorsey Wright Technology Momentum ETFPTF31.97M5.29%600.05M USD0.68%$102.36-0.58%
Vanguard Morningstar Small-Cap Growth ETFVBK24.91M0.06%43.8B USD0.05%$358.65+0.70%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 119.64M
- Weight
- 0.01%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 116.82M
- Weight
- 0.14%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Invesco Semiconductors ETFPSI- Market value
- 43.64M
- Weight
- 1.75%
- AUM
- 2.49B USD
- Expense ratio
- 0.56%
- Price / 1D
- $138.91-0.05%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 43.2M
- Weight
- 0.02%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $304.76+0.64%
iShares Russell 2000 Growth ETFIWO- Market value
- 42.5M
- Weight
- 0.28%
- AUM
- 15.16B USD
- Expense ratio
- 0.24%
- Price / 1D
- $387.37+1.24%
Vanguard Extended Market ETFVXF- Market value
- 41.64M
- Weight
- 0.04%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
Invesco Dorsey Wright Technology Momentum ETFPTF- Market value
- 31.97M
- Weight
- 5.29%
- AUM
- 600.05M USD
- Expense ratio
- 0.68%
- Price / 1D
- $102.36-0.58%
Vanguard Morningstar Small-Cap Growth ETFVBK- Market value
- 24.91M
- Weight
- 0.06%
- AUM
- 43.8B USD
- Expense ratio
- 0.05%
- Price / 1D
- $358.65+0.70%
Continue in GoAI
Research AXTIresearch.disclaimer










