AXT (AXTI) Financials: History & Chart

AXT, Inc. (AXTI)AXTIAXT, Inc.

About AXT, Inc.

AXT, 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.

Fremont, CA

1,541 employees

www.axt.com

Technology / Semiconductors

Sector: Technology
Industry: Semiconductors
CEO: Morris S. Young

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	95.89M	26.92M	23.04M	27.95M	17.97M	19.36M	25.11M	23.64M	27.92M
Cost of Goods Sold	75.43M	18.95M	18.21M	21.73M	16.54M	20.60M	20.70M	17.96M	20.27M
Gross Profit	20.46M	7.98M	4.83M	6.22M	1.43M	-1.24M	4.41M	5.68M	7.65M
Gross Profit Margin	21.3%	29.6%	20.9%	22.3%	8.0%	-6.4%	17.6%	24.0%	27.4%
Total Operating Expenses	33.75M	9.56M	8.66M	7.35M	8.18M	9.03M	10.57M	9.09M	9.54M
Research & Development	8.94M	3.01M	2.39M	1.01M	2.52M	3.12M	4.13M	3.44M	3.76M
Selling, General & Administrative	24.80M	6.55M	6.27M	6.33M	5.65M	5.92M	6.44M	5.65M	5.78M
Operating Income (EBIT)	-13.29M	-1.58M	-3.83M	-1.12M	-6.75M	-10.28M	-6.17M	-3.41M	-1.89M
Operating Margin	-13.9%	-5.9%	-16.6%	-4.0%	-37.5%	-53.1%	-24.6%	-14.4%	-6.8%
Income Before Tax (EBT)	-12.66M	-1.05M	-3.34M	-1.17M	-7.09M	-9.94M	-5.54M	-2.26M	-1.08M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	1.09M	101K	391K	395K	202K	269K	318K	391K	282K
Other Income/Expense	629K	530K	495K	-46K	-350K	333K	621K	1.15M	807K
Net Income	-14.08M	-1.62M	-3.55M	-1.91M	-7.01M	-8.80M	-5.09M	-2.94M	-1.52M
Income Tax Expense	2.01M	430K	501K	504K	579K	74K	113K	626K	121K
Net Profit Margin	-14.7%	-6.0%	-15.4%	-6.8%	-39.0%	-45.5%	-20.3%	-12.4%	-5.4%
EBITDA	-3.97M	850K	-1.51M	1.18M	-4.49M	-8.05M	-3.92M	-1.11M	363K
EBITDA Margin	-4.1%	3.2%	-6.6%	4.2%	-25.0%	-41.6%	-15.6%	-4.7%	1.3%
Depreciation & Amortization	9.32M	2.44M	2.32M	2.31M	2.26M	2.22M	2.24M	2.30M	2.25M
EPS Basic	-0.32	-0.03	-0.08	-0.04	-0.16	-0.20	-0.12	-0.07	-0.04
EPS Diluted	-0.32	-0.03	-0.08	-0.04	-0.16	-0.20	-0.12	-0.07	-0.04
Shares Outstanding	53.32M	53.32M	44.72M	43.84M	43.71M	43.55M	43.38M	43.16M	43.09M
Diluted Shares Outstanding	53.32M	53.32M	44.72M	43.84M	43.71M	43.55M	43.38M	43.16M	43.09M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	88.33M	99.36M	75.80M	141.12M	137.39M	95.36M	83.26M	102.40M
Cost of Goods Sold	77.08M	75.53M	62.48M	89.00M	89.98M	65.09M	58.43M	65.35M
Gross Profit	11.24M	23.84M	13.32M	52.12M	47.41M	30.27M	24.82M	37.05M
Gross Profit Margin	12.7%	24.0%	17.6%	36.9%	34.5%	31.7%	29.8%	36.2%
Total Operating Expenses	33.22M	38.64M	34.89M	39.57M	34.52M	26.34M	25.14M	24.90M
Research & Development	9.05M	14.54M	12.08M	13.91M	10.33M	7.13M	5.83M	5.90M
Selling, General & Administrative	24.17M	24.10M	22.81M	25.65M	24.19M	19.20M	19.30M	19.00M
Operating Income (EBIT)	-21.98M	-14.80M	-21.57M	12.55M	12.90M	3.94M	-314K	12.15M
Operating Margin	-24.9%	-14.9%	-28.5%	8.9%	9.4%	4.1%	-0.4%	11.9%
Income Before Tax (EBT)	-21.54M	-10.66M	-19.03M	20.93M	17.60M	7.07M	-1.03M	11.95M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	217K	528K
Interest Expense	1.26M	1.34M	1.53M	1.07M	213K	179K	N/A	N/A
Other Income/Expense	432K	4.15M	2.54M	8.37M	4.71M	3.13M	-712K	-200K
Net Income	-21.26M	-11.62M	-17.88M	15.81M	14.57M	3.24M	-2.60M	9.65M
Income Tax Expense	1.66M	1.13M	160K	2.19M	1.09M	2.03M	562K	938K
Net Profit Margin	-24.1%	-11.7%	-23.6%	11.2%	10.6%	3.4%	-3.1%	9.4%
EBITDA	-12.87M	-5.82M	-12.85M	20.67M	19.98M	8.27M	5.22M	17.02M
EBITDA Margin	-14.6%	-5.9%	-16.9%	14.6%	14.5%	8.7%	6.3%	16.6%
Depreciation & Amortization	9.11M	8.98M	8.72M	8.12M	7.08M	4.33M	5.53M	4.87M
EPS Basic	-0.49	-0.27	-0.42	0.37	0.35	0.08	-0.04	0.25
EPS Diluted	-0.49	-0.27	-0.42	0.37	0.34	0.07	-0.04	0.24
Shares Outstanding	43.93M	43.15M	42.64M	42.10M	41.37M	40.15M	39.49M	39.05M
Diluted Shares Outstanding	43.93M	43.15M	42.64M	42.72M	42.72M	41.02M	39.49M	40.27M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.