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AXT $AXTI

Information Technology

Russell 2000 California

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$86.66

+0.79 (+0.92%)

As of Oct 5, 2026, 4:20 PM EDT

Price history

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AXT (AXTI) is trading up at $86.66 (+0.92%), as of the latest quote. It is a Russell 2000 constituent in the Information Technology sector.

AXT revenue & net income history (FY2016–FY2025)

RevenueNet income

AXT annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$81.3M	$98.7M	$102.4M	$83.3M	$95.4M	$137.4M	$141.1M	$75.8M	$99.4M	$88.3M
Growth (year over year)	+5.0%	+21.3%	+3.8%	−18.7%	+14.5%	+44.1%	+2.7%	−46.3%	+31.1%	−11.1%
Gross profit	$26.4M	$34.5M	$37.0M	$24.8M	$30.3M	$47.4M	$52.1M	$13.3M	$23.8M	$11.2M
Gross margin	32.4%	34.9%	36.2%	29.8%	31.7%	34.5%	36.9%	17.6%	24.0%	12.7%
Operating income	$6.42M	$12.6M	$12.1M	−$314.0K	$3.94M	$12.9M	$12.6M	−$21.6M	−$14.8M	−$22.0M
Operating margin	7.9%	12.8%	11.9%	−0.4%	4.1%	9.4%	8.9%	−28.5%	−14.9%	−24.9%
Net income	$5.64M	$10.1M	$9.65M	−$2.60M	$3.24M	$14.6M	$15.8M	−$17.9M	−$11.6M	−$21.3M
Net margin	6.9%	10.3%	9.4%	−3.1%	3.4%	10.6%	11.2%	−23.6%	−11.7%	−24.1%
EPS (diluted)	$0.17	$0.26	$0.24	−$0.07	$0.07	$0.34	$0.37	−$0.42	−$0.27	−$0.49
Balance sheet
Cash and equivalents	$36.2M	$44.4M	$16.5M	$26.9M	$72.6M	$36.8M	$34.9M	$37.8M	$22.8M	$120.3M
Total assets	$154.2M	$211.2M	$223.5M	$223.3M	$298.9M	$332.4M	$370.1M	$358.7M	$339.3M	$433.8M
Total liabilities	$16.9M	$22.9M	$29.0M	$30.6M	$43.3M	$52.2M	$80.3M	$89.6M	$84.4M	$99.1M
Shareholders' equity	$133.0M	$183.8M	$190.8M	$187.9M	$192.6M	$211.5M	$221.6M	$204.0M	$192.8M	$273.3M
Cash flow
Operating cash flow	$12.5M	$8.62M	$3.22M	$12.7M	$5.87M	−$3.31M	−$8.77M	$3.40M	−$12.1M	−$12.8M
Capital expenditure	$2.73M	$21.4M	$40.5M	$21.8M	$19.9M	$29.6M	$28.5M	$10.5M	$5.77M	$6.00M
Free cash flow	$9.78M	−$12.7M	−$37.3M	−$9.13M	−$14.0M	−$33.0M	−$37.2M	−$7.07M	−$17.9M	−$18.8M

RevenueNet income

AXT quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$23.6M	$25.1M	$19.4M	$18.0M	$28.0M	$23.0M	$26.9M	$47.6M
Growth (year over year)	+36.2%	+22.9%	−14.7%	−35.6%	+18.2%	−8.2%	+39.1%	+164.8%
Gross profit	$5.68M	$4.41M	−$1.24M	$1.43M	$6.22M	$4.83M	$7.98M	$21.4M
Gross margin	24.0%	17.6%	−6.4%	8.0%	22.3%	20.9%	29.6%	44.9%
Operating income	−$3.41M	−$6.17M	−$10.3M	−$6.75M	−$1.12M	−$3.83M	−$1.58M	$10.4M
Operating margin	−14.4%	−24.6%	−53.1%	−37.5%	−4.0%	−16.6%	−5.9%	21.9%
Net income	−$2.94M	−$5.09M	−$8.80M	−$7.01M	−$1.91M	−$3.55M	−$1.62M	$11.1M
Net margin	−12.4%	−20.3%	−45.5%	−39.0%	−6.8%	−15.4%	−6.0%	23.4%
EPS (diluted)	−$0.07	−$0.11	−$0.20	−$0.16	−$0.04	−$0.09	−$0.03	$0.17
Balance sheet
Cash and equivalents	$24.9M	$22.8M	$31.6M	$27.0M	$23.1M	$120.3M	$41.8M	$412.2M
Total assets	$355.6M	$339.3M	$333.5M	$329.0M	$334.0M	$433.8M	$444.6M	$1.10B
Total liabilities	$89.4M	$84.4M	$87.3M	$88.4M	$93.6M	$99.1M	$107.6M	$145.3M
Shareholders' equity	$200.7M	$192.8M	$185.0M	$179.7M	$179.1M	$273.3M	$274.9M	$887.3M
Cash flow
Operating cash flow	−$5.42M	$1.27M	−$3.35M	−$4.58M	−$9.15M	$4.29M	−$11.7M	$10.8M
Capital expenditure	$941.0K	$167.0K	$510.0K	$279.0K	$2.17M	$3.03M	$1.37M	$7.23M
Free cash flow	−$6.36M	$1.10M	−$3.86M	−$4.86M	−$11.3M	$1.26M	−$13.1M	$3.56M

From AXT's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →