AXTINasdaqSemiconductors & Related DevicesFiscal year ends December 31

AXT INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026

$56.79+5.32 (+10.34%)

Close on Oct 19, 2026

Market cap: $3.60B
P/E (TTM): 2839.5
Dividend yield: –

AXT INC income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	88	99	76	141	137	95	83	102	99	81	78	83	85	88	104	95	55
Cost of Revenue	77	76	62	89	90	65	58	65	64	55	61	66	74	64	59	59	41
Gross Profit	11	24	13	52	47	30	25	37	34	26	17	17	12	25	45	36	14
Research & Development	9.05	15	12	14	10	7.14	5.83	5.90	4.83	5.85	5.66	4.14	3.42	3.47	2.47	2.34	1.57
Selling, General & Admin	24	24	23	26	24	19	19	19	17	14	16	15	16	15	15	14	13
Advertising Expenses	–	–	–	–	–	–	–	–	–	0.01	0.01	0.01	0.01	0.02	0.02	0.08	–
Operating Expenses	33	39	35	40	35	26	25	25	22	20	22	20	19	19	17	16	15
Operating Income	-22	-15	-22	13	13	3.94	-0.31	12	13	6.43	-4.90	-2.85	-7.66	5.97	27	20	-1.60
Interest Expense	1.26	1.34	1.53	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Income from Equity Investments	0.77	3.44	1.88	5.96	4.41	0.11	-1.88	-1.08	-1.69	-2.00	0.46	1.53	1.38	1.28	0.74	0.26	–
Other Non-Operating Income	0.92	2.05	2.18	3.49	0.51	3.20	0.95	0.35	-0.55	0.86	2.02	0.36	-0.75	-0.76	-0.05	2.20	0.39
Merger & Restructuring Charges	–	–	–	–	–	–	–	–	–	0.23	0	0.91	0	0	0	0	0.51
Asset Impairment Charges	0.05	0	1.90	0	0	0	0	0	–	–	–	–	–	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	0.08	0.43	0.86	1.26	–	–	–	–	–
Gain (Loss) on Sale of Assets	0.00	-0.12	-0.02	0.09	0.01	-0.05	-0.07	0.10	-0.06	-0.01	-0.02	0.01	0.01	-0.20	-0.01	-0.01	0.24
Pretax Income	-22	-11	-19	21	18	7.07	-1.03	12	11	5.70	-2.00	-0.48	-6.63	7.00	29	23	-1.03
Income Tax Expense	1.66	1.13	0.16	2.19	1.09	2.03	0.56	0.94	0.79	0.73	0.53	0.22	0.19	0.85	2.80	2.32	0.47
Net Income incl. Noncontrolling Interests	-23	-12	-19	19	17	5.04	-1.59	11	10	4.97	-2.53	-0.70	-6.81	6.15	26	20	-1.51
Minority Interest in Earnings	-1.94	-0.17	-1.31	2.93	1.93	1.80	1.01	1.36	-0.09	-0.67	-0.31	0.69	1.15	3.04	5.50	1.72	0.39
Net Income	-21	-12	-18	16	15	3.24	-2.60	9.65	10	5.64	-2.23	-1.39	-7.96	3.11	20	19	-1.90
Preferred Dividends	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	–
Net Income to Common	-21	-12	-18	16	14	3.06	-2.78	9.48	9.97	5.46	-2.41	-1.57	-8.14	2.93	20	18	–
EPS (Basic)(per share)	-0.49	-0.27	-0.42	0.37	0.35	0.08	-0.07	0.24	0.27	0.17	-0.07	-0.05	-0.25	0.09	0.63	0.60	-0.07
EPS (Diluted)(per share)	-0.49	-0.27	-0.42	0.37	0.34	0.07	-0.07	0.24	0.26	0.17	-0.07	-0.05	-0.25	0.09	0.61	0.57	-0.07
Shares Outstanding (Basic, Weighted)(shares)	44	43	43	42	41	40	39	39	37	32	32	32	33	32	32	31	31
Shares Outstanding (Diluted, Weighted)(shares)	44	43	43	43	43	41	39	40	39	33	32	32	33	33	33	33	31
EBITDA	-13	-5.82	-13	21	20	8.27	5.22	17	17	11	0.60	2.79	-2.19	9.89	31	23	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 32.2%
Operating margin: 3.1%
Net margin: 3.2%
Return on equity, FY2025: -9.1%

Financial strength

Current ratio: 4.77
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 328.0%

Valuation

P/E ratio: 2839.5
Price to sales: 28.72
Price to book: 4.06
Dividend yield: –