AXT Inc (AXTI) stock
AXTINasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 11/30136% above fair value
$41.84−1.70 (-3.90%)
Close on Nov 13, 2026Market cap $2.74BP/E 93.0Yield –
AXT gross margin
Gross margin is gross profit as a percentage of revenue.
AXT's gross margin for the twelve months ending Sep 30, 2026 was 44.0%. For fiscal 2025 it was 12.7%, against 24.0% the year before. The highest annual figure on record is 43.0% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12.7% | −11.3 |
| FY2024 | Dec 31, 2024 | 24.0% | +6.4 |
| FY2023 | Dec 31, 2023 | 17.6% | −19.4 |
| FY2022 | Dec 31, 2022 | 36.9% | +2.4 |
| FY2021 | Dec 31, 2021 | 34.5% | +2.8 |
| FY2020 | Dec 31, 2020 | 31.7% | +1.9 |
| FY2019 | Dec 31, 2019 | 29.8% | −6.4 |
| FY2018 | Dec 31, 2018 | 36.2% | +1.2 |
| FY2017 | Dec 31, 2017 | 34.9% | +2.5 |
| FY2016 | Dec 31, 2016 | 32.4% | +10.7 |
| FY2015 | Dec 31, 2015 | 21.7% | +1.2 |
| FY2014 | Dec 31, 2014 | 20.6% | +6.7 |
| FY2013 | Dec 31, 2013 | 13.9% | −14.3 |
| FY2012 | Dec 31, 2012 | 28.1% | −14.9 |
| FY2011 | Dec 31, 2011 | 43.0% | +4.8 |
| FY2010 | Dec 31, 2010 | 38.2% | +13.2 |
| FY2009 | Dec 31, 2009 | 25.1% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 56.0% | +33.7 |
| Q2 FY2026 | Jun 30, 2026 | 44.9% | +36.9 |
| Q1 FY2026 | Mar 31, 2026 | 29.6% | +36.0 |
| Q4 FY2025 | Dec 31, 2025 | 20.9% | +3.4 |
| Q3 FY2025 | Sep 30, 2025 | 22.3% | −1.8 |
| Q2 FY2025 | Jun 30, 2025 | 8.0% | −19.4 |
| Q1 FY2025 | Mar 31, 2025 | -6.4% | −33.3 |
| Q4 FY2024 | Dec 31, 2024 | 17.6% | −5.1 |
| Q3 FY2024 | Sep 30, 2024 | 24.0% | +13.3 |
| Q2 FY2024 | Jun 30, 2024 | 27.4% | +18.2 |
| Q1 FY2024 | Mar 31, 2024 | 26.9% | +0.5 |
| Q4 FY2023 | Dec 31, 2023 | 22.6% | −9.4 |
| Q3 FY2023 | Sep 30, 2023 | 10.7% | −22.8 |
| Q2 FY2023 | Jun 30, 2023 | 9.2% | −22.9 |
| Q1 FY2023 | Mar 31, 2023 | 26.3% | −6.9 |
| Q4 FY2022 | Dec 31, 2022 | 32.1% | −4.2 |
| Q1 FY2022 | Mar 31, 2022 | 33.6% | −3.2 |
| Q4 FY2021 | Dec 31, 2021 | 32.2% | −1.7 |
| Q3 FY2021 | Sep 30, 2021 | 33.3% | −1.4 |
| Q2 FY2021 | Jun 30, 2021 | 36.3% | +5.7 |
| Q1 FY2021 | Mar 31, 2021 | 36.8% | +10.2 |
| Q4 FY2020 | Dec 31, 2020 | 33.9% | +12.9 |
| Q3 FY2020 | Sep 30, 2020 | 34.6% | +5.6 |
| Q2 FY2020 | Jun 30, 2020 | 30.6% | −3.7 |
| Q1 FY2020 | Mar 31, 2020 | 26.6% | −6.5 |
| Q4 FY2019 | Dec 31, 2019 | 21.0% | −5.3 |
| Q3 FY2019 | Sep 30, 2019 | 29.0% | −8.1 |
| Q2 FY2019 | Jun 30, 2019 | 34.3% | −6.3 |
| Q1 FY2019 | Mar 31, 2019 | 33.1% | −6.1 |
| Q4 FY2018 | Dec 31, 2018 | 26.3% | −10.9 |
| Q3 FY2018 | Sep 30, 2018 | 37.1% | −2.4 |
| Q2 FY2018 | Jun 30, 2018 | 40.6% | +9.8 |
| Q1 FY2018 | Mar 31, 2018 | 39.2% | +8.7 |
| Q4 FY2017 | Dec 31, 2017 | 37.2% | +0.1 |
| Q3 FY2017 | Sep 30, 2017 | 39.5% | +4.9 |
| Q2 FY2017 | Jun 30, 2017 | 30.8% | – |
| Q1 FY2017 | Mar 31, 2017 | 30.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 37.1% | – |
| Q3 FY2016 | Sep 30, 2016 | 34.6% | – |
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