AXTI Stock - AXT, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $99.36M | $75.80M | $141.12M | $137.39M | $95.36M |
| Gross Profit | $23.84M | $13.32M | $52.12M | $47.41M | $30.27M |
| Gross Margin | 24.0% | 17.6% | 36.9% | 34.5% | 31.7% |
| Operating Income | $-14,803,000 | $-21,569,000 | $12.55M | $12.90M | $3.94M |
| Net Income | $-11,624,000 | $-17,881,000 | $15.81M | $14.57M | $3.24M |
| Net Margin | -11.7% | -23.6% | 11.2% | 10.6% | 3.4% |
| EPS | $-0.27 | $-0.42 | $0.37 | $0.35 | $0.08 |
AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides 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 LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers 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 provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 23rd 2024 | Craig Hallum | Upgrade | Buy | $3.75← $2.25 |
| February 23rd 2024 | B. Riley Securities | Upgrade | Buy | $3.8← $2.4 |
| February 17th 2023 | Craig Hallum | Downgrade | Hold | $5.5← $7 |
| June 27th 2022 | Needham | Initiation | Buy | $8 |
Earnings History & Surprises
AXTIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $-0.02 | — | — | — |
Q4 2025 | Oct 30, 2025 | $-0.11 | $-0.03 | +72.7% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $-0.13 | $-0.15 | -15.4% | ✗ MISS |
Q2 2025 | May 1, 2025 | $-0.13 | $-0.19 | -46.2% | ✗ MISS |
Q1 2025 | Feb 20, 2025 | $-0.04 | $-0.10 | -150.0% | ✗ MISS |
Q4 2024 | Oct 31, 2024 | $-0.06 | $-0.05 | +16.7% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $-0.05 | $-0.02 | +60.0% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $-0.08 | $-0.03 | +62.5% | ✓ BEAT |
Q1 2024 | Feb 22, 2024 | $-0.13 | $-0.07 | +46.2% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $-0.13 | $-0.12 | +7.7% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.10 | $-0.10 | 0.0% | = MET |
Q2 2023 | Apr 27, 2023 | $-0.12 | $-0.06 | +50.0% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $0.04 | $0.05 | +40.2% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $0.09 | $0.13 | +44.4% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.08 | $0.13 | +62.5% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.06 | $0.07 | +16.7% | ✓ BEAT |
Q1 2022 | Feb 16, 2022 | $0.06 | $0.07 | +16.7% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $0.11 | $0.13 | +18.2% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $0.07 | $0.10 | +42.9% | ✓ BEAT |
Latest News
AXT shares are trading higher. The company announced a mixed shelf of up to $100 million.
📈 PositiveAXT Files For Mixed Shelf Of Up To $100M
➖ NeutralB. Riley Securities Maintains Buy on AXT, Raises Price Target to $9
📈 PositiveAXT shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveNeedham Maintains Buy on AXT, Raises Price Target to $10
📈 PositiveAXT Q3 EPS $(0.04) Beats $(0.13) Estimate, Sales $27.955M Beat $19.845M Estimate
📈 PositiveBeijing Tongmei Xtal Technology, A Subsidiary Of AXT Receives Export Permits From China For Indium Phosphide; Believe Export Permit Will Result In Several Million Dollars In Revenue That Was Not Included In Q3 Forecast
📈 PositiveAXT expects lower prelim revenue in Q2
📉 NegativeFrequently Asked Questions about AXTI
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