AXT Inc. (AXTI)
Nasdaq · Semiconductors & Related Devices · Manufacturing · CIK 1051627 · fiscal year ends in Dec
Closing price $55.07 on 30 Oct 2026; 52-week range $7.32 to $140.83.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $125.5M
- Revenue growth
- 45.8%
- Net income, last twelve months
- $4.1M
- Earnings per share
- $0.02
- Gross margin
- 32.2%
- Operating margin
- 3.1%
- Net margin
- 3.2%
- Free cash flow
- -$19.6M
- Return on equity
- 0.5%
- Market value
- $3.6B
- Price to earnings
- 2753.5x
- Cash
- $412.2M
- Debt
- $84.2M
- Debt to equity
- 0.09
- Shares outstanding
- 65.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $88.3M | -$22.0M | -$21.3M | -$0.49 | -$18.8M | 10-K filed 17 Mar 2026 |
| FY2024 | 31 Dec 2024 | $99.4M | -$14.8M | -$11.6M | -$0.27 | -$17.9M | 10-K filed 14 Mar 2025 |
| FY2023 | 31 Dec 2023 | $75.8M | -$21.6M | -$17.9M | -$0.42 | -$7.1M | 10-K filed 15 Mar 2024 |
| FY2022 | 31 Dec 2022 | $141.1M | $12.6M | $15.8M | $0.37 | -$37.2M | 10-K filed 16 Mar 2023 |
| FY2021 | 31 Dec 2021 | $137.4M | $12.9M | $14.6M | $0.34 | -$33.0M | 10-K filed 15 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $47.6M | $11.1M | $0.17 |
| Q1 FY2026 | 31 Mar 2026 | $26.9M | -$1.6M | -$0.03 |
| Q4 FY2025 | 31 Dec 2025 | $23.0M | -$3.5M | -$0.08 |
| Q3 FY2025 | 30 Sep 2025 | $28.0M | -$1.9M | -$0.04 |
| Q2 FY2025 | 30 Jun 2025 | $18.0M | -$7.0M | -$0.16 |
| Q1 FY2025 | 31 Mar 2025 | $19.4M | -$8.8M | -$0.20 |
| Q4 FY2024 | 31 Dec 2024 | $25.1M | -$5.1M | -$0.12 |
| Q3 FY2024 | 30 Sep 2024 | $23.6M | -$2.9M | -$0.07 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Substrates | $58.9M | 66.7% |
| Raw Materials and Other | $29.4M | 33.3% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| China | $55.1M | 62.4% |
| Taiwan | $13.0M | 14.8% |
| Europe | $11.2M | 12.6% |
| Japan | $4.9M | 5.6% |
| Asia Pacific Excluding China, Taiwan and Japan | $2.4M | 2.8% |
| North America | $1.7M | 1.9% |
Company events
The newest 8-K filings of 199 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 28 Oct 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 30 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 29 Jul 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 29 Jul 2026 | 8-K | Shareholder rights change, Bylaws or fiscal year change | 3.03, 5.03, 9.01 |
| 22 Jul 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 8 Jul 2026 | 8-K | Debt accelerated | 2.04 |
| 2 Jul 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 22 Jun 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 17 Jun 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 9 Jun 2026 | 8-K | Shareholder vote, Shareholder rights change, Bylaws or fiscal year change | 3.03, 5.03, 5.07, 9.01 |
| 15 May 2026 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 466 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 30 Sep 2026 |
| 28 Oct 2026 | 8-K | 27 Oct 2026 |
| 13 Aug 2026 | 10-Q | 30 Jun 2026 |
| 30 Jul 2026 | 8-K | 30 Jul 2026 |
| 29 Jul 2026 | 8-K | 26 Jul 2026 |
| 29 Jul 2026 | 8-K | 26 Jul 2026 |
| 22 Jul 2026 | 8-K | 16 Jul 2026 |
| 8 Jul 2026 | 8-K | 8 Jul 2026 |
| 2 Jul 2026 | 8-K | 26 Jun 2026 |
| 22 Jun 2026 | 8-K | 17 Jun 2026 |
| 17 Jun 2026 | 8-K | 11 Jun 2026 |
| 9 Jun 2026 | 8-K | 4 Jun 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 17 Aug 2026 | Leblanc Leonard J, Director | Sale outside a trading plan | 4,000 | $96.07 | $384.3K | 113,129 | 19 Aug 2026 |
| 7 Aug 2026 | Leblanc Leonard J, Director | Sale outside a trading plan | 2,000 | $88.31 | $176.6K | 117,129 | 19 Aug 2026 |
| 10 Jun 2026 | Leblanc Leonard J, Director | Sale outside a trading plan | 500 | $89.59 | $44.8K | 119,129 | 19 Aug 2026 |
| 15 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 6,172 | $115.24 | $711.3K | 50,275 | 17 Jun 2026 |
| 15 Jun 2026 | Chang David C, Director | Sale outside a trading plan | 8,333 | $111.17 | $926.4K | 65,165 | 17 Jun 2026 |
| 12 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 13,000 | $95.77 | $1.2M | 56,447 | 15 Jun 2026 |
| 11 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 9,000 | $88.55 | $796.9K | 69,447 | 15 Jun 2026 |
| 10 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 9,000 | $86.73 | $780.6K | 78,447 | 10 Jun 2026 |
| 9 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 1,500 | $93.30 | $139.9K | 87,447 | 10 Jun 2026 |
| 8 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 6,000 | $94.00 | $564.0K | 88,947 | 10 Jun 2026 |
| 4 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 6,133 | $108.28 | $664.1K | 94,193 | 5 Jun 2026 |
| 3 Jun 2026 | Chen Jesse, Director | Sale outside a trading plan | 4,000 | $111.36 | $445.4K | 100,326 | 5 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 17 Aug 2026 | LEBLANC LEONARD J, Director | 4,000 | $371.7K | 17 Aug 2026 |
| 7 Aug 2026 | LEBLANC LEONARD J, Director | 2,000 | $175.0K | 7 Aug 2026 |
| 8 Jun 2026 | CHANG DAVID C, Director | 8,333 | $797.1K | 8 Jun 2026 |
| 5 Jun 2026 | LEBLANC LEONARD J, Director | 500 | $55.4K | 5 Jun 2026 |
| 2 Jun 2026 | YOUNG MORRIS S, Officer | 111,795 | $12.7M | 2 Jun 2026 |
| 1 Jun 2026 | YOUNG MORRIS S, Officer | 85,703 | $9.7M | 1 Jun 2026 |
| 1 Jun 2026 | CHEN JESSE, Director | 109,526 | $11.6M | 1 Jun 2026 |
| 13 Mar 2026 | YOUNG MORRIS S, Officer | 37,905 | $1.9M | 13 Mar 2026 |
| 10 Mar 2026 | YOUNG MORRIS S, Officer | 30,832 | $1.4M | 10 Mar 2026 |
| 9 Mar 2026 | YOUNG MORRIS S, Officer | 125,893 | $4.6M | 9 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 5 Oct 2026 | BlackRock, Inc. | 13G amended | 14.3% | 9.4M |
| 12 Aug 2026 | JANE STREET GROUP, LLC | 13G amended | 6.7% | 4.4M |
| 27 Jul 2026 | BlackRock, Inc. | 13G | 7.1% | 4.7M |
| 18 May 2026 | E20 Capital Ltd | 13G | 5.5% | 2.6M |
| 8 May 2026 | Cleveland Capital Management, L.L.C. | 13G amended | 1.1% | 588.2K |
| 6 May 2026 | Marex Securities Products Inc. | 13G | 7.21% | 4.0M |
| 29 Apr 2026 | JANE STREET GROUP, LLC | 13G amended | 7.5% | 4.8M |
| 29 Apr 2026 | JANE STREET GROUP, LLC | 13G | 5.1% | 2.8M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 12.0M | +10.97% | 1.41 |
| 30 Sep 2026 | 10.8M | +22.47% | 1.21 |
| 15 Sep 2026 | 8.8M | -4.12% | 1.09 |
| 31 Aug 2026 | 9.2M | -14.5% | 1 |
| 14 Aug 2026 | 10.8M | +6.9% | 1 |
| 31 Jul 2026 | 10.1M | -8.74% | 1.04 |
| 15 Jul 2026 | 11.0M | -2.09% | 1.26 |
| 30 Jun 2026 | 11.3M | +48.04% | 1.08 |
Funds that hold it
From each fund's latest Form 13F.
321 funds held it at 30 Jun 2026: 195 added and 48 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 5,072,242 | $365.6M | +3,952,774 |
| Marex Group Ltd | 3,563,896 | $256.9M | +3,555,887 |
| Jane Street Group, LLC | 3,527,115 | $254.2M | +1,100,883 |
| Vanguard Capital Management LLC | 2,722,914 | $196.3M | +444,511 |
| D. E. Shaw & Co., Inc. | 2,250,085 | $162.2M | +1,473,829 |
| Assenagon Asset Management S.A. | 2,045,976 | $147.5M | – |
| Vanguard Portfolio Management LLC | 1,758,421 | $126.7M | +1,758,421 |
| Geode Capital Management, LLC | 1,736,210 | $125.2M | +1,148,531 |
| State Street Corp. | 1,482,498 | $106.9M | +1,144,581 |
| Citadel Advisors LLC | 1,481,332 | $106.8M | +911,661 |
Peers
Companies in the same industry.
- NVIDIA Corp. (NVDA): revenue $303.0B, market value $4.93T
- Taiwan Semiconductor Manufacturing Company Limited (TSM): revenue $122.4B, market value $2.11T
- Broadcom Inc. (AVGO): revenue $89.1B, market value $1.56T
- Micron Technology Inc. (MU): revenue $133.2B, market value $1.00T
- Advanced Micro Devices Inc. (AMD): revenue $41.3B, market value $824.1B
- Intel Corp. (INTC): revenue $59.9B, market value $349.3B
- Applied Materials Inc. (AMAT): revenue $30.8B, market value $309.6B
- Texas Instruments Inc. (TXN): revenue $20.8B, market value $275.0B
- Arm Holdings plc (ARM): revenue $4.9B, market value $219.1B
- Analog Devices Inc. (ADI): revenue $13.9B, market value $202.1B