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 statistics

98 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 18, 2027 (estimated, after the close)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $2.74B; $767.98M
Enterprise Value: $2.03B; $895.95M
PE Ratio: 92.98; 32.58
PS Ratio: 16.05; 2.92
PB Ratio: 3.00; 2.77
P/TBV Ratio: 3.00; 3.46
P/FCF Ratio: 34.53; 33.44
P/OCF Ratio: 26.11; 22.76

Enterprise valuationIndustry

EV / Sales: 11.87; 2.29
EV / EBITDA: 46.85; 19.86
EV / EBIT: 60.68; 25.34
EV / FCF: 25.54; 31.33

Share statisticsIndustry

Shares Outstanding: 66M; 50M
Shares Change (YoY): 30.3%; 2.33%
Shares Change (QoQ): 0.01%; 0.20%
Float: 61M; 50M
Shares Held by Insiders: 7.65%; 5.37%
Shares Held by Institutions: 71.6%; 62.9%

Short sellingIndustry

Short Interest: 13M; –
Short Interest Change: 11.9%; -0.52%
Short % of Float: 22.1%; 6.90%
Short % of Shares Outstanding: 20.5%; 5.16%
Days to Cover: 1.31; 3.55

Stock price statisticsIndustry

52-Week High: $143.16; –
52-Week Low: $8.44; –
20-Day Moving Average: $50.44; –
50-Day Moving Average: $62.52; –
200-Day Moving Average: $66.09; –
Average True Range (14): $6.82; –
Price Change (1 Week): 7.61%; 2.26%
Price Change (1 Month): -27.8%; -13.0%
Price Change (3 Months): -56.4%; -28.2%
Price Change (6 Months): -66.2%; -34.3%
Price Change (YTD): 155.9%; -1.61%
Price Change (1 Year): 281.1%; -1.02%
Price Change (3 Years): 1892.4%; 16.8%
Price Change (5 Years): 359.3%; -29.9%
Price Change (10 Years): 762.7%; 104.9%
Average Volume (10 Days): 13M; –
Average Volume (20 Days): 12M; –
Average Volume (90 Days): 10M; –
Relative Volume: 1.04; 0.78
Relative Strength Index (14): 40.2; 42.5
Volatility (1 Year): 156.8%; 81.9%
Beta (5 Years): 2.24; 1.38

MarginsIndustry

Gross Margin: 44.0%; 34.5%
Operating Margin: 19.6%; 0.77%
Pretax Margin: 26.4%; 2.97%
Profit Margin: 18.5%; -0.51%
EBITDA Margin: 25.3%; 4.94%
FCF Margin: 46.5%; 2.73%

Returns on capitalIndustry

Return on Equity (ROE): 5.80%; -0.17%
Return on Assets (ROA): 4.08%; -1.58%
Return on Invested Capital (ROIC): 14.3%; 1.66%
Return on Capital Employed (ROCE): 3.26%; 0.42%

Financial positionIndustry

Current Ratio: 3.80; 2.34
Quick Ratio: 4.56; 1.31
Debt / Equity: 0.10; 0.38
Debt / EBITDA: 2.03; 2.03
Debt / FCF: 1.11; 2.32
Net Debt / EBITDA: -17.14; 0.66

GrowthIndustry

Revenue Growth (YoY): 89.1%; 13.8%
Revenue Growth (3Y CAGR): -14.5%; 1.79%
Revenue Growth (5Y CAGR): -1.52%; 7.18%

EfficiencyIndustry

Asset Turnover: 0.22; 0.66
Inventory Turnover: 1.06; 3.04
Revenue Per Employee: $159.48K; $373.11K
Profits Per Employee: $29.56K; -$6.97K
Employee Count: 1,072; 534
WACC: 16.0%; 11.4%

Income statement (TTM)Industry

Revenue: $170.96M; $338.73M
Gross Profit: $75.27M; $99.67M
Operating Income: $33.43M; -$314.66K
Pretax Income: $45.06M; $831.50K
Net Income: $31.68M; -$1.22M
EBITDA: $43.30M; $2.84M
EPS (Diluted): $0.45; -$0.01

Balance sheetIndustry

Cash & Short-Term Investments: $829.99M; $93.38M
Total Debt: $87.96M; $196.00M
Net Cash (Debt): $742.03M; $7.36M
Net Cash Per Share: $11.32; $0.33
Equity (Book Value): $913.35M; $198.19M
Book Value Per Share: $13.93; $5.54
Tangible Book Value: $913.35M; $63.35M
Working Capital: $533.70M; $143.99M

Cash flow (TTM)Industry

Operating Cash Flow: $105.06M; $2.39M
Capital Expenditures: -$25.61M; -$18.91M
Free Cash Flow: $79.45M; $4.22M
FCF Per Share: $1.21; $0.21

Dividends and yieldsIndustry

Earnings Yield: 1.15%; -0.28%
FCF Yield: 2.90%; 0.86%

Taxes and interestIndustry

Income Tax: $7.60M; $3.09M
Effective Tax Rate: 16.9%; 18.5%

Scores and fair valueIndustry

Graham Number: $11.88; $33.09
Graham Upside: -71.6%; -60.1%
Altman Z-Score: 7.73; 2.74
Piotroski F-Score: 3; 5
Beneish M-Score: -2.10; -2.57

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	AXTI	S&P 500	Difference	AXTI per year	S&P 500 per year
1 month	-35.3%	-3.0%	−32.2 pts
3 months	-46.0%	-2.8%	−43.2 pts
Year to date	+155.9%	+11.5%	+144.4 pts
1 year	+300.8%	+13.5%	+287.3 pts
3 years	+1981.6%	+77.7%	+1903.9 pts	+175.1%	+21.1%
5 years	+359.3%	+72.6%	+286.7 pts	+35.6%	+11.5%
10 years	+780.8%	+308.2%	+472.7 pts	+24.3%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

13M AXTI shares were sold short on Oct 30, 2026, up 11.9% from the previous report, or 22.14% of the shares available to trade. At recent volumes it would take 1.3 days to buy them back. Over the last 20 sessions, 44.6% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	13,410,244	+11.9%	10,237,629	1.3
Oct 15, 2026	11,979,398	+11.0%	8,513,051	1.4
Sep 30, 2026	10,794,708	+22.5%	8,940,699	1.2
Sep 15, 2026	8,813,840	-4.1%	8,064,166	1.1
Aug 31, 2026	9,192,428	-14.5%	9,279,405	1.0
Aug 14, 2026	10,751,824	+6.9%	13,541,082	1.0
Jul 31, 2026	10,058,207	-8.7%	9,625,219	1.0
Jul 15, 2026	11,021,279	-2.1%	8,742,549	1.3
Jun 30, 2026	11,256,805	+48.0%	10,457,304	1.1
Jun 15, 2026	7,603,832	+4.2%	8,957,323	1.0
May 29, 2026	7,297,611	-11.7%	8,959,671	1.0
May 15, 2026	8,263,752	+9.5%	11,060,858	1.0