AXT (AXTI) Stock: Charts & Financials

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

View full financials

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
Total Current Assets	253.78M	253.78M	246.56M	149.75M	144.96M	149.53M	158.27M	167.86M	167.40M
Cash & Cash Equivalents	41.77M	41.77M	120.27M	23.11M	27.01M	31.58M	22.83M	24.90M	27.81M
Short-Term Investments	65.38M	65.38M	0.00	0.00	0.00	0.00	0.00	0.00	1.68M
Cash & Short-Term Investments	107.14M	107.14M	120.27M	23.11M	27.01M	31.58M	22.83M	24.90M	29.48M
Accounts Receivable	32.02M	32.02M	26.85M	33.84M	22.79M	22.86M	25.64M	27.97M	27.16M
Inventory	90.17M	90.17M	81.65M	77.66M	80.06M	80.41M	85.08M	86.11M	85.77M
Total Assets	444.60M	444.60M	433.75M	334.03M	329.00M	333.48M	339.31M	355.58M	349.41M
Property, Plant & Equipment	166.48M	166.48M	163.84M	161.39M	161.95M	161.39M	162.20M	168.91M	163.86M
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	1.67M	0.00	0.00	0.00	1.71M	0.00	0.00
Long-Term Investments	15.46M	15.46M	14.97M	14.62M	14.33M	14.64M	14.07M	13.53M	11.95M
Total Current Liabilities	97.88M	97.88M	90.54M	84.90M	79.54M	75.26M	74.18M	78.77M	74.65M
Accounts Payable	16.14M	16.14M	12.95M	10.85M	11.24M	11.11M	12.36M	12.78M	11.65M
Short-Term Debt	68.87M	68.87M	62.80M	61.55M	55.93M	52.52M	47.26M	54.05M	50.72M
Total Liabilities	107.63M	107.63M	99.12M	93.58M	88.37M	87.31M	84.41M	89.36M	86.30M
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	70.77M	70.77M	64.82M	63.70M	58.19M	54.91M	49.78M	56.53M	53.28M
Net Debt (Cash)	29.00M	29.00M	-55.45M	40.59M	31.18M	23.32M	26.94M	31.64M	25.47M
Total Shareholders' Equity	274.87M	274.87M	273.29M	179.15M	179.71M	185.04M	192.77M	200.73M	199.67M
Common Stock	56K	56K	55K	46K	46K	46K	45K	45K	44K
Retained Earnings	-66.54M	-66.54M	-64.92M	-61.38M	-59.47M	-52.46M	-43.66M	-38.58M	-35.64M
Current Ratio	2.59	2.59	2.72	1.76	1.82	1.99	2.13	2.13	2.24
Debt to Equity Ratio	0.26	0.26	0.24	0.36	0.32	0.30	0.26	0.28	0.27

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

Total Current Assets

253.78M

246.56M

149.75M

144.96M

149.53M

158.27M

167.86M

167.40M

Cash & Cash Equivalents

41.77M

120.27M

23.11M

27.01M

31.58M

22.83M

24.90M

27.81M

Short-Term Investments

65.38M

0.00

1.68M

Cash & Short-Term Investments

107.14M

120.27M

23.11M

27.01M

31.58M

22.83M

24.90M

29.48M

Accounts Receivable

32.02M

26.85M

33.84M

22.79M

22.86M

25.64M

27.97M

27.16M

Inventory

90.17M

81.65M

77.66M

80.06M

80.41M

85.08M

86.11M

85.77M

Total Assets

444.60M

433.75M

334.03M

329.00M

333.48M

339.31M

355.58M

349.41M

Property, Plant & Equipment

166.48M

163.84M

161.39M

161.95M

161.39M

162.20M

168.91M

163.86M

Goodwill

0.00

Intangible Assets

0.00

1.67M

0.00

1.71M

0.00

Long-Term Investments

15.46M

14.97M

14.62M

14.33M

14.64M

14.07M

13.53M

11.95M

Total Current Liabilities

97.88M

90.54M

84.90M

79.54M

75.26M

74.18M

78.77M

74.65M

Accounts Payable

16.14M

12.95M

10.85M

11.24M

11.11M

12.36M

12.78M

11.65M

Short-Term Debt

68.87M

62.80M

61.55M

55.93M

52.52M

47.26M

54.05M

50.72M

Total Liabilities

107.63M

99.12M

93.58M

88.37M

87.31M

84.41M

89.36M

86.30M

Long-Term Debt

0.00

Total Debt

70.77M

64.82M

63.70M

58.19M

54.91M

49.78M

56.53M

53.28M

Net Debt (Cash)

29.00M

-55.45M

40.59M

31.18M

23.32M

26.94M

31.64M

25.47M

Total Shareholders' Equity

274.87M

273.29M

179.15M

179.71M

185.04M

192.77M

200.73M

199.67M

Common Stock

56K

55K

46K

45K

44K

Retained Earnings

-66.54M

-64.92M

-61.38M

-59.47M

-52.46M

-43.66M

-38.58M

-35.64M

Current Ratio

2.59

2.72

1.76

1.82

1.99

2.13

2.24

Debt to Equity Ratio

0.26

0.24

0.36

0.32

0.30

0.26

0.28

0.27

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
Total Current Assets	246.56M	158.27M	170.66M	183.54M	160.19M	164.52M	113.20M	128.54M
Cash & Cash Equivalents	120.27M	22.83M	37.75M	34.95M	36.76M	72.60M	26.89M	16.53M
Short-Term Investments	0.00	0.00	2.14M	9.34M	5.42M	240K	9.43M	22.13M
Cash & Short-Term Investments	120.27M	22.83M	39.89M	44.29M	42.18M	72.84M	36.32M	38.66M
Accounts Receivable	26.85M	25.64M	19.26M	29.25M	34.84M	24.56M	19.03M	19.59M
Inventory	81.65M	85.08M	86.50M	89.63M	65.91M	51.52M	49.15M	58.57M
Total Assets	433.75M	339.31M	358.70M	370.07M	332.44M	298.86M	223.35M	223.52M
Property, Plant & Equipment	163.84M	162.20M	169.15M	162.78M	144.74M	118.51M	100.34M	82.28M
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	1.67M	1.71M	1.82M	1.93M	2.11M	1.68M	1.12M	1.05M
Long-Term Investments	14.97M	14.07M	12.48M	16.73M	19.74M	12.10M	5.96M	717K
Total Current Liabilities	90.54M	74.18M	81.56M	75.33M	47.82M	39.08M	27.53M	28.71M
Accounts Payable	12.95M	12.36M	9.62M	10.08M	16.65M	12.67M	10.10M	13.34M
Short-Term Debt	62.80M	47.26M	52.92M	47.08M	14.12M	10.41M	5.75M	0.00
Total Liabilities	99.12M	84.41M	89.56M	80.33M	52.21M	43.33M	30.59M	28.99M
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	64.82M	49.78M	55.73M	48.88M	16.54M	13.23M	8.76M	0.00
Net Debt (Cash)	-55.45M	26.94M	17.98M	13.94M	-20.22M	-59.37M	-18.13M	-16.53M
Total Shareholders' Equity	273.29M	192.77M	203.99M	221.61M	211.53M	192.62M	187.88M	190.84M
Common Stock	55K	45K	44K	44K	43K	42K	41K	39K
Retained Earnings	-64.92M	-43.66M	-32.04M	-14.16M	-29.97M	-44.55M	-47.78M	-45.18M
Current Ratio	2.72	2.13	2.09	2.44	3.35	4.21	4.11	4.48
Debt to Equity Ratio	0.24	0.26	0.27	0.22	0.08	0.07	0.05	0.00

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

Total Current Assets

246.56M

158.27M

170.66M

183.54M

160.19M

164.52M

113.20M

128.54M

Cash & Cash Equivalents

120.27M

22.83M

37.75M

34.95M

36.76M

72.60M

26.89M

16.53M

Short-Term Investments

0.00

2.14M

9.34M

5.42M

240K

9.43M

22.13M

Cash & Short-Term Investments

120.27M

22.83M

39.89M

44.29M

42.18M

72.84M

36.32M

38.66M

Accounts Receivable

26.85M

25.64M

19.26M

29.25M

34.84M

24.56M

19.03M

19.59M

Inventory

81.65M

85.08M

86.50M

89.63M

65.91M

51.52M

49.15M

58.57M

Total Assets

433.75M

339.31M

358.70M

370.07M

332.44M

298.86M

223.35M

223.52M

Property, Plant & Equipment

163.84M

162.20M

169.15M

162.78M

144.74M

118.51M

100.34M

82.28M

Goodwill

0.00

Intangible Assets

1.67M

1.71M

1.82M

1.93M

2.11M

1.68M

1.12M

1.05M

Long-Term Investments

14.97M

14.07M

12.48M

16.73M

19.74M

12.10M

5.96M

717K

Total Current Liabilities

90.54M

74.18M

81.56M

75.33M

47.82M

39.08M

27.53M

28.71M

Accounts Payable

12.95M

12.36M

9.62M

10.08M

16.65M

12.67M

10.10M

13.34M

Short-Term Debt

62.80M

47.26M

52.92M

47.08M

14.12M

10.41M

5.75M

0.00

Total Liabilities

99.12M

84.41M

89.56M

80.33M

52.21M

43.33M

30.59M

28.99M

Long-Term Debt

0.00

Total Debt

64.82M

49.78M

55.73M

48.88M

16.54M

13.23M

8.76M

0.00

Net Debt (Cash)

-55.45M

26.94M

17.98M

13.94M

-20.22M

-59.37M

-18.13M

-16.53M

Total Shareholders' Equity

273.29M

192.77M

203.99M

221.61M

211.53M

192.62M

187.88M

190.84M

Common Stock

55K

45K

44K

43K

42K

41K

39K

Retained Earnings

-64.92M

-43.66M

-32.04M

-14.16M

-29.97M

-44.55M

-47.78M

-45.18M

Current Ratio

2.72

2.13

2.09

2.44

3.35

4.21

4.11

4.48

Debt to Equity Ratio

0.24

0.26

0.27

0.22

0.08

0.07

0.05

0.00

Balance Sheet

Quarterly Balance Sheet (USD)

Annual Balance Sheet (USD)