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AXT Inc (AXTI) stock

AXTINasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026Score 8/30175% above fair value
$46.97+7.66 (+19.49%)

Close on Nov 11, 2026Market cap $3.08BP/E 2348.5Yield –

AXT Inc grew revenue 45.8% to $125.51M over the twelve months to Jun 30, 2026. Free cash flow was -$19.57M. At the latest close the market valued the company at $3.08B, 2348.5 times its earnings.

Revenue
$125.51M
+45.8% vs. a year earlier
Operating income
$3.88M
TTM Q2 2026
Free cash flow
-$19.57M
TTM Q2 2026
EPS, diluted
$0.02
TTM Q2 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$3.08B
P/E ratio
2348.5
Price to sales
24.54
Price to book
3.47
Dividend yield
–
Free cash flow yield
-0.64%

Fundamentals

Revenue
$125.51M
Net income
$4.05M
EPS, diluted
$0.02
Free cash flow
-$19.57M
Book value per share
$13.98
Diluted shares
63M

Trading

Next earnings
Feb 18, 2027 (estimated, after the close)
Previous close
$39.31
Open
$43.03
Day's range
$42.83 – $49.04
Volume
15,020,490
Average volume (20 days)
11,995,304
Index membership
Russell 2000 (since Jun 2026), Russell 3000
Beta (5 years)
2.25
52-week range
$8.44 – $143.16
RSI (14 days)
43.8
Volatility (1 year)
156.6%
Relative volume
1.48×
WACC
15.8%

On 1 of our idea list: Institutions accumulating

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodAXTIS&P 500DifferenceAXTI per yearS&P 500 per year
1 month-31.4%-2.4%−29.0 pts
3 months-36.3%-1.2%−35.2 pts
Year to date+187.3%+12.3%+175.0 pts
1 year+344.8%+12.4%+332.3 pts
3 years+2272.2%+78.8%+2193.4 pts+187.3%+21.4%
5 years+419.6%+75.2%+344.4 pts+39.0%+11.9%
10 years+888.8%+311.1%+577.7 pts+25.8%+15.2%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$125.51M+45.8% YoY

Gross profit

$40.39M+292.9% YoY

Operating income

$3.88M

Net income

$4.05M

EPS, diluted

$0.02

Free cash flow

-$19.57M
Reported periodTrailing twelve months

Press releases

Releases AXT filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About AXT

Semiconductors & Related Devices

AXT, Inc. develops and manufactures high-performance compound and single element semiconductor substrate wafers, including indium phosphide, gallium arsenide, and germanium, as well as specialized raw materials. These specialty substrates serve as alternatives to traditional silicon when applications require superior speed, heat tolerance, or optical capabilities. The company operates across two primary product lines: specialty material substrates and raw materials such as purified gallium and pyrolytic boron nitride crucibles. Its products serve customers producing semiconductor chips, optical components, and electronic devices for data center connectivity, 5G communications, consumer electronics, aerospace solar cells, and industrial lasers.

Company profile, executives and history

AXT stock: common questions

What is AXT's stock price?

AXTI closed at $46.97 on Nov 11, 2026, up 19.49% on the day. Over the past 52 weeks it traded between $8.44 and $143.16.

What is AXT's market cap?

AXT was worth $3.08B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is AXTI's P/E ratio?

AXTI trades at 2348.5 times earnings, based on diluted earnings per share of $0.02 over the twelve months to Jun 30, 2026.

How much revenue does AXT make?

AXT reported revenue of $125.51M for the twelve months to Jun 30, 2026, up 45.8% from a year earlier.

Does AXT pay a dividend?

No. AXT has not paid a cash dividend over the last twelve months.

When does AXT report earnings next?

AXT is expected to report Q4 FY2026 results on Feb 18, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has AXTI stock performed over the past year?

Including dividends, AXTI returned +344.8% over the past year, against +12.4% for the S&P 500.

How many AXTI shares are sold short?

13M shares were sold short at the latest FINRA report, 22.14% of the float, or 1.3 days of average trading volume.

Who are AXT's competitors?

Companies most similar to AXT by business, industry and size include SELXF, ICG, MRAM, MX, INDI.

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