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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.

AXTI

$61.64

+$5.44 (+9.68%)

Sep 4, 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 Sep 4, 2026
Trading
Open
$57.69
Previous Close
$56.20
Day's Range
56.01–62.50
52-Week Range
3.02–143.16
Volume
10.81M
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.
1.92
Valuation
Market Cap
$4.04B
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
27.69
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.
32.20
EPS (ttm)Profit attributable to each share over the last twelve months.
0.03
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
+1982.43%
Dividend and dates
Earnings Date
October 29, 2026estimated
Avg Volume
10.30M

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

AXTI Stock Return by Calendar Year

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

YearReturn
2026 (partial year)+277.00%
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 September 4, 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/S ratio32.205.006.4x the median
Profit margin3.23%8.32%5.1 pts below

Medians across 30 Semiconductor Equipment & Materials stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 16 articles ↓

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

Analysis

Data-derived

Company Overview

AXT, Inc. (AXTI) is capitalised at $4.04B 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 $61.64 on September 4, 2026. That is +$5.44 (+9.68%) against the previous close. Over the past 52 weeks the price has ranged from $3.02 to $143.16. The latest close sits 1,941.06% 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 5.1 percentage points below the Semiconductor Equipment & Materials median of 8.32%. Earnings per share on a trailing basis come to 0.03.

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

The forward P/E on file is 27.69. The PEG ratio, which sets the P/E against expected earnings growth, reads 12.09. The price-to-sales ratio is 32.2. On price-to-sales that is 6.4 times the Semiconductor Equipment & Materials median of 5. 30 Semiconductor Equipment & Materials companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +1,982.43%. Across 10 years the annualized return works out at +30.30%. The reported beta is 1.92. Annualized volatility over the trailing 10 years is 86.35%.

Growth & Income

No dividend is on file for AXTI.

2026 is still running; the price is +277.00% 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 $4.04B —
ASML Holding N.V. ASML $658.69B 55.9
Lam Research Corporation LRCX $384.97B 50.8
Applied Materials, Inc. AMAT $360.86B 37.6

The Semiconductor Equipment & Materials industry average P/E ratio is 50.8x. AXT, Inc. trades at a P/E of 2054.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 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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