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 balance sheet

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	FY 2008 2008-12-31
Cash & Equivalents	120	23	50	41	37	73	27	17	44	36	25	29	25	31	25	24	17	14
Short-Term Investments	0	–	2.14	9.34	5.42	0.24	9.43	22	20	11	11	12	12	10	5.51	10	–	–
Cash & Short-Term Investments	128	23	52	51	42	73	36	39	64	48	36	41	37	41	30	34	17	14
Receivables	27	26	19	29	35	25	19	20	23	14	18	18	15	18	18	23	–	–
Inventory	82	85	87	90	66	52	49	59	46	40	38	39	39	40	46	36	–	–
Prepaid Expenses & Other	9.69	14	13	14	17	16	8.70	12	7.52	5.11	4.10	5.43	8.01	5.27	7.05	4.09	–	–
Total Current Assets	247	158	171	184	160	165	113	129	141	107	97	103	100	106	103	97	–	–
Property, Plant & Equipment	162	160	166	161	142	116	97	82	47	28	31	34	38	37	34	24	–	–
Gross Property, Plant & Equipment	–	–	–	–	–	–	–	–	–	–	80	79	79	73	66	–	–	–
Accumulated Depreciation	–	–	–	–	–	–	–	–	–	–	-49	-45	-41	-36	-32	–	–	–
Construction in Progress	23	24	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Long-Term Investments	0	–	–	2.12	9.58	5.73	–	0.72	13	6.16	7.69	7.78	10	9.19	8.98	7.17	–	–
Equity Method Investments	15	14	12	13	10	6.38	5.96	8.42	9.85	6.60	7.95	–	–	–	–	–	–	–
Operating Lease Right-of-Use Assets	1.98	2.48	2.80	1.76	2.32	2.68	2.94	–	–	–	–	–	–	–	–	–	–	–
Deferred Tax Assets	1.51	1.42	1.68	2.24	2.34	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Long-Term Assets	23	19	19	22	18	10	9.80	12	12	13	16	15	15	14	14	12	–	–
Total Assets	434	339	359	370	332	299	223	224	211	154	152	162	164	168	162	140	–	–
Accounts Payable	13	12	9.62	10	17	13	10	13	11	6.69	6.46	7.14	8.14	5.89	3.29	7.09	–	–
Accrued Expenses	15	15	19	18	17	16	12	15	11	9.26	6.38	7.63	7.29	7.20	7.60	7.75	–	–
Short-Term Debt	59	46	53	47	12	–	–	–	–	–	–	–	–	–	–	–	–	–
Current Portion of Long-Term Debt	4.30	1.30	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Current Debt	63	47	53	47	12	–	–	–	–	–	–	–	–	–	–	–	–	–
Current Portion of Leases	0.58	0.54	0.46	0.49	0.49	0.45	0.32	–	–	–	–	–	–	–	–	–	–	–
Current Income Taxes Payable	0.84	0.13	–	0.73	0.54	0.76	0.17	0.10	0.27	0.20	0.23	0.12	0.13	0.64	0.31	–	–	–
Deferred Revenue (Current)	0.10	1.59	0.31	0.34	0.95	0.37	0.40	0.48	0.92	–	–	–	–	–	–	–	–	–
Total Current Liabilities	91	74	82	75	48	39	28	29	23	16	13	15	15	13	11	15	–	–
Long-Term Leases	1.44	1.98	2.35	1.32	1.94	2.37	2.70	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	2.02	2.51	2.81	1.81	2.42	2.82	3.01	–	–	–	–	–	–	–	–	–	–	–
Other Long-Term Liabilities	7.14	8.25	5.65	3.68	2.45	1.88	0.37	0.28	0.29	0.33	0.34	0.33	0.33	0.25	0.43	0.11	–	–
Total Liabilities	99	84	90	80	52	43	31	29	23	17	14	17	18	17	15	20	–	–
Total Debt	63	47	53	47	12	–	–	–	–	–	–	–	–	–	–	–	–	–
Preferred Stock	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	3.53	–	–
Common Stock	0.06	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	–	–
Additional Paid-In Capital	340	242	238	235	232	230	237	234	232	194	195	195	194	193	192	190	–	–
Retained Earnings	-65	-44	-32	-14	-30	-45	-48	-45	-55	-65	-71	-68	-67	-59	-62	-82	–	–
Treasury Stock	–	–	–	–	–	–	–	–	–	–	–	–	-0.72	–	–	–	–	–
Comprehensive Income & Other	-5.30	-8.66	-6.00	-3.12	6.30	3.21	-4.86	-1.97	3.41	0.25	4.38	7.67	8.95	6.03	5.82	4.65	–	–
Shareholders' Equity	273	193	204	222	212	193	188	191	184	133	132	138	140	144	139	116	–	–
Noncontrolling Interest	23	24	23	23	18	15	4.88	3.70	4.50	4.38	5.59	6.43	5.88	7.30	8.27	4.04	–	–
Total Equity	297	216	227	245	230	208	193	195	188	137	135	142	146	151	147	120	97	97
Total Liabilities & Equity	434	339	359	370	332	299	223	224	211	154	152	162	164	168	162	140	–	–
Shares Outstanding(shares)	55	45	44	44	43	42	41	40	39	33	33	33	33	32	32	32	–	–

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: –