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NASDAQ · Semiconductor Equipment & Materials · USD

AXT, Inc. (AXTI) Stock Analysis

AXT, Inc. (AXTI) is a Semiconductor Equipment & Materials stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

AXTI

$59.28

+$2.19 (+3.84%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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AXTI Key Statistics

As of Oct 21, 2026
Trading
Open
$59.94
Previous Close
$57.09
Day's Range
57.36–61.20
52-Week Range
4.81–143.16
Volume
6.80M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.86
Valuation
Market Cap
$3.74B
P/E Ratio
1,427.25
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
25.37
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
12.09
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
29.83
EPS (ttm)Profit attributable to each share over the last twelve months.
0.04
Financials (FY)
Revenue (FY)
$88.33M−11.11%
Net Income (FY)
−$21.26M
Profit marginThe share of revenue left as profit after all costs and taxes.
3.23%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
65.57M
1-Year Return
+1,046.62%
Dividend and dates
Earnings Date
October 29, 2026
Avg Volume
10.08M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, AXTI closed at $59.28, +1,046.62% over 1 year.

AXT, Inc. (AXTI) has a market capitalization of $3.74B.

In fiscal 2025, AXTI reported revenue of $88.33M.

AXTI Stock Return by Calendar Year

AXT, Inc. (AXTI) 10-year return: what $10,000 became

1 year
$10,000 $114,662
+1,046.62%
5 years
$10,000 $68,453
+584.53%
10 years
$10,000 $103,096
+930.96%

If you had invested $10,000 in AXT, Inc. (AXTI) 10 years ago, at the close on October 21, 2016, it would have been worth $103,096 at the close on October 21, 2026: +930.96% in total, +26.28% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+262.57%
2025+653.46%
2024−9.58%
2023−45.21%
2022−50.28%
2021−7.94%
2020+120.00%
2019+0.00%
2018−50.00%
2017+81.25%
2016 (partial year)+20.30%

As of October 21, 2026.

AXTI Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$88.33M−$21.26M−24.1%
2024$99.36M−$11.62M−11.7%
2023$75.80M−$17.88M−23.6%
2022$141.12M$15.81M11.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$88.33M$11.24M−$20.62M−$21.26M−24.1%
2024$99.36M$23.84M−$12.56M−$11.62M−11.7%
2023$75.80M$13.32M−$19.01M−$17.88M−23.6%
2022$141.12M$52.12M$14.26M$15.81M11.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

AXTI Valuation vs Semiconductor Equipment & Materials Median

Median of 30 stocks
MetricAXTISemiconductor Equipment & Materials medianvs median
P/E1,427.2545.2831.5x the median
P/S ratio29.834.926.1x the median
Profit margin3.23%9.41%6.2 pts below

Medians across 30 Semiconductor Equipment & Materials stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

AXT, Inc. (AXTI) is capitalised at $3.74B on the latest close. It is classified in the Semiconductor Equipment & Materials industry, within the Technology sector. Headcount on file is 1,541.

AXTI last closed at $59.28 on October 21, 2026. That is +$2.19 (+3.84%) against the previous close. Over the past 52 weeks the price has ranged from $4.81 to $143.16. The latest close sits 1,132.43% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $88.33M. That is −11.11% against the prior fiscal year, when revenue was $99.36M. The same year closed with a net loss of $21.26M. Profit margin runs at 3.23%. That is 6.2 percentage points below the Semiconductor Equipment & Materials median of 9.41%. Earnings per share on a trailing basis come to 0.04.

Across the 4 fiscal years on file, revenue moves from $141.12M in 2022 to $88.33M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 1,427.25 times earnings. That is 31.5 times the Semiconductor Equipment & Materials median of 45.28. The forward P/E on file is 25.37. The PEG ratio, which sets the P/E against expected earnings growth, reads 12.09. The price-to-sales ratio is 29.83. On price-to-sales that is 6.1 times the Semiconductor Equipment & Materials median of 4.92. 30 Semiconductor Equipment & Materials companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +1,046.62%. Across 10 years the annualized return works out at +26.28%. The reported beta is 1.86. Annualized volatility over the trailing 10 years is 87.08%.

Growth & Income

No dividend is on file for AXTI.

2026 is still running; the total return is +262.57% year to date. The strongest complete calendar year on file is 2025 at +653.46%; the weakest is 2022 at −50.28%. Of the 9 complete calendar years on file, 3 finished higher.

Peer Comparison

AXT, Inc. (AXTI) operates in the Semiconductor Equipment & Materials industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
AXT, Inc. AXTI $3.74B 1,427.3
ASML Holding N.V. ASML $646.23B 41.3
Lam Research Corporation LRCX $326.38B 45.3
Applied Materials, Inc. AMAT $324.53B 35.3

The Semiconductor Equipment & Materials industry average P/E ratio is 45.3x. AXT, Inc. trades at a P/E of 1,427.3.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About AXT, Inc.

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.

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