AXT Inc

AXT Inc

AXTI · NASDAQ · Technology / Semiconductor Equipment & Materials

41.84USD-1.70 (-3.90%)

Price History

Full chart

Market Stats

Previous Close43.54
Open43.36
Day Range38.90 – 44.40
52-Week Range8.44 – 143.16
Volume10.61M
Market Cap2.41B
P/E (TTM)74.94
Forward P/E20.04
EPS0.49
Dividend Yield0.00%
Beta2.01
50-Day Avg65.13
200-Day Avg65.25

About

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company provides indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also offers semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LEDs, screen displays using micro-LEDs, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, laser machining, cutting and drilling, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers. In addition, the company provides germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it offers 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. It sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.

Company Details

  • SectorTechnology
  • IndustrySemiconductor Equipment & Materials
  • CEODr. Morris S. Young Ph.D.
  • Employees1.54K
  • Headquarters4281 Technology Drive, Fremont, CA, United States, 94538, USA
  • Websitehttps://www.axt.com

Leadership

  • Dr. Morris S. Young Ph.D.Co-Founder, CEO & Chairman · b. 1945
  • Mr. Gary L. FischerCFO, VP & Corporate Secretary · b. 1952
  • Dr. Wei GaoChief Technical Officer
  • Mr. Timothy J. BettlesVice President of Business Development, Strategic Sales & Marketing

Financials

Income Statement

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue43.30M81.52M121.50M119.53M63.17M34.71M35.45M26.54M44.45M58.20M73.08M55.36M95.49M104.12M88.37M85.33M83.50M77.50M81.35M98.67M102.40M83.26M95.36M137.39M141.12M75.80M99.36M88.33M
Growth (%)-+88.27%+49.05%-1.62%-47.15%-45.05%+2.13%-25.15%+67.49%+30.96%+25.55%-24.24%+72.48%+9.04%-15.12%-3.44%-2.15%-7.18%+4.96%+21.30%+3.77%-18.69%+14.54%+44.08%+2.71%-46.29%+31.09%-11.11%
Cost of Revenue23.40M51.15M66.28M82.19M74.03M32.48M35.70M24.34M31.71M37.94M55.12M41.49M59.00M59.34M63.52M73.51M66.33M60.67M54.97M64.20M65.35M58.43M65.09M89.98M89.00M62.48M75.53M77.08M
Gross Profit19.90M30.37M55.22M37.34M-10.86M2.23M-251.00K2.20M12.74M20.26M17.96M13.87M36.49M44.78M24.85M11.83M17.17M16.83M26.38M34.48M37.05M24.82M30.27M47.41M52.12M13.32M23.84M11.24M
Gross Margin45.96%37.25%45.45%31.24%-17.18%6.44%-0.71%8.29%28.66%34.81%24.58%25.05%38.22%43.01%28.12%13.86%20.56%21.71%32.43%34.94%36.18%29.82%31.75%34.51%36.93%17.57%23.99%12.73%
Operating Expense9.50M23.32M34.21M29.69M62.60M11.81M14.56M15.51M16.42M14.96M18.00M15.46M16.31M17.31M18.89M19.49M20.02M21.73M19.96M21.84M24.90M25.14M26.34M34.52M39.57M34.89M38.64M33.22M
Operating Income10.40M7.05M21.01M7.65M-73.46M-9.58M-14.81M-13.31M-3.68M5.30M-38.00K-1.60M20.18M27.47M5.96M-7.66M-2.85M-4.90M6.42M12.64M12.15M-314.00K3.94M12.90M12.55M-21.57M-14.80M-21.98M
Operating Margin24.02%8.65%17.29%6.40%-116.28%-27.59%-41.77%-50.18%-8.28%9.10%-0.05%-2.88%21.14%26.39%6.75%-8.98%-3.42%-6.32%7.90%12.81%11.86%-0.38%4.13%9.39%8.90%-28.46%-14.90%-24.88%
EBITDA14.66M18.35M28.41M7.65M-29.83M-3.29M-9.29M-8.54M-3.68M9.39M3.96M2.02M23.10M30.88M9.89M-2.19M3.69M595.00K11.52M17.06M17.02M5.22M11.63M25.10M30.12M-8.78M-338.00K-11.18M
EBITDA Margin33.85%22.51%23.38%6.40%-47.21%-9.49%-26.21%-32.19%-8.28%16.13%5.42%3.66%24.19%29.66%11.19%-2.57%4.42%0.77%14.16%17.29%16.62%6.27%12.19%18.27%21.34%-11.59%-0.34%-12.66%
Net Income6.30M172.00K21.61M-5.00M-81.18M-26.73M-13.63M-12.21M944.00K5.29M-689.00K-1.90M18.65M20.32M3.11M-7.96M-1.39M-2.23M5.64M10.15M9.65M-1.59M3.24M14.57M15.81M-17.88M-11.62M-21.26M
Net Income Margin14.55%0.21%17.79%-4.18%-128.50%-77.01%-38.45%-46.03%2.12%9.09%-0.94%-3.43%19.53%19.52%3.52%-9.33%-1.66%-2.87%6.93%10.28%9.43%-1.91%3.40%10.61%11.20%-23.59%-11.70%-24.07%
R&D2.50M3.09M8.77M8.20M4.87M1.34M1.48M1.72M2.35M1.70M2.16M1.57M2.34M2.47M3.47M3.42M4.14M5.66M5.85M4.83M5.90M5.83M7.13M10.33M13.91M12.08M14.54M9.05M
R&D as % of Total Revenue5.77%3.79%7.22%6.86%7.71%3.85%4.17%6.49%5.29%2.92%2.96%2.83%2.45%2.38%3.92%4.01%4.96%7.31%7.19%4.89%5.76%7.01%7.48%7.52%9.86%15.94%14.64%10.25%
Interest Expense0002.08M1.33M466.00K290.00K000513.00K177.00K53.00K449.00K518.00K408.00K483.00K412.00K409.00K461.00K528.00K3.81M179.00K213.00K1.07M1.53M1.34M1.26M
Interest Expense % of Total Revenue0.00%0.00%0.00%1.74%2.10%1.34%0.82%0.00%0.00%0.00%0.70%0.32%0.06%0.43%0.59%0.48%0.58%0.53%0.50%0.47%0.52%4.57%0.19%0.16%0.76%2.01%1.35%1.42%

Balance Sheet

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets75.00M115.76M250.22M235.26M145.67M107.02M87.54M74.80M98.33M112.77M111.66M107.95M140.25M162.49M167.59M163.82M161.52M151.90M154.25M211.20M223.52M223.35M298.86M332.44M370.07M358.70M339.31M433.75M
Total Liabilities23.80M53.30M64.87M48.94M40.01M24.73M19.52M19.18M17.13M19.52M18.00M10.70M20.45M15.44M16.68M18.28M16.83M14.34M13.96M22.88M28.99M30.59M43.33M52.21M80.33M89.56M84.41M99.12M
Total Equity51.20M62.46M185.35M186.32M105.66M82.30M68.02M55.62M81.20M93.25M93.66M94.60M115.76M138.78M143.61M139.67M138.26M131.97M140.29M183.82M190.84M187.88M192.62M211.53M221.61M203.99M192.77M273.29M
Cash16.10M6.06M68.58M37.54M13.80M24.34M12.12M17.47M16.12M18.38M13.57M16.93M23.72M26.16M30.63M24.96M28.81M24.88M36.15M44.35M16.53M26.89M72.60M36.76M34.95M37.75M22.83M120.27M
Total Debt18.00M35.05M34.17M31.05M22.66M12.54M8.05M7.72M7.29M6.70M3.58M496.00K5.50M900.00K-------8.76M13.23M16.54M48.88M55.73M49.78M64.82M
Net Debt1.90M28.98M-34.42M-6.49M8.87M-11.80M-4.07M-9.75M-8.83M-11.68M-9.98M-16.44M-18.22M-25.26M-30.63M-24.96M-28.81M-24.88M-36.15M-44.35M-16.53M-18.13M-59.37M-20.22M13.94M17.98M26.94M-55.45M

Cash Flow

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-6.30M-7.84M3.70M17.14M725.00K6.27M-340.00K-7.75M-10.26M1.32M-5.72M4.67M11.01M18.13M21.30M2.51M3.82M1.88M12.50M8.62M3.22M12.66M5.87M-3.31M-8.77M3.40M-12.11M-12.78M
Investing Cash Flow-16.40M-7.53M-26.07M-47.70M-16.04M13.72M-7.85M13.89M-15.81M-3.51M3.83M2.37M-5.27M-15.43M-13.17M-6.21M142.00K-2.48M-1.11M-36.46M-30.83M-8.33M-16.42M-38.81M-25.22M-2.60M-4.45M-6.83M
Financing Cash Flow35.50M5.05M84.87M-522.00K-8.12M-9.65M-4.22M-792.00K24.25M3.92M-3.52M-3.69M474.00K-999.00K-3.79M-2.51M-32.00K-2.23M1.30M35.64M213.00K6.19M52.66M5.72M38.03M8.61M-536.00K107.09M
Capital Expenditure16.40M7.53M26.28M25.83M14.24M2.17M2.14M2.33M4.46M3.71M6.79M1.96M6.39M13.10M7.08M5.42M1.97M4.15M2.73M21.36M40.54M21.79M19.86M29.64M28.46M10.47M5.77M6.00M
Free Cash Flow-22.70M-15.37M-22.58M-8.69M-13.51M4.09M-2.48M-10.07M-14.72M-2.39M-12.51M2.70M4.62M5.03M14.22M-2.92M1.85M-2.27M9.78M-12.74M-37.32M-9.13M-13.99M-32.95M-37.23M-7.07M-17.88M-18.78M
Dividends Paid-----------957.00K527.00K1.64M02.33M166.00K112.00K0465.00K415.00K5.55M2.24M1.08M----
FCF to OCF360.32%195.96%-610.98%-50.69%-1863.86%65.31%729.12%130.07%143.44%-180.76%218.73%57.92%41.99%27.74%66.77%-116.18%48.46%-120.98%78.18%-147.89%-1159.76%-72.16%-238.53%996.97%424.76%-207.82%147.65%146.90%
Dividend Paid to FCF-----------35.42%11.40%32.52%0.00%-79.90%8.96%-4.93%0.00%-3.65%-1.11%-60.78%-16.00%-3.27%----

Earnings

Report DateJul 23, 1998Oct 22, 1998Jan 28, 1999Apr 22, 1999Aug 5, 1999Oct 28, 1999Mar 22, 2000May 4, 2000Aug 10, 2000Oct 25, 2000Feb 7, 2001Apr 25, 2001Jul 25, 2001Oct 24, 2001Feb 6, 2002Apr 24, 2002Jul 24, 2002Oct 23, 2002Feb 5, 2003Apr 23, 2003Jul 23, 2003Oct 22, 2003Feb 4, 2004May 24, 2004Jul 21, 2004Oct 20, 2004Feb 9, 2005Apr 19, 2005Jul 25, 2005Oct 19, 2005Feb 15, 2006Apr 19, 2006Aug 2, 2006Oct 30, 2006Feb 28, 2007May 2, 2007Aug 1, 2007Oct 25, 2007Feb 26, 2008Apr 30, 2008Jul 30, 2008Nov 3, 2008Feb 25, 2009Apr 29, 2009Jul 30, 2009Oct 29, 2009Feb 23, 2010Apr 28, 2010Jul 29, 2010Oct 28, 2010Feb 23, 2011May 3, 2011Jul 27, 2011Oct 26, 2011Feb 23, 2012May 2, 2012Aug 1, 2012Nov 1, 2012Feb 25, 2013May 1, 2013Jul 31, 2013Oct 30, 2013Feb 25, 2014Apr 30, 2014Jul 31, 2014Oct 30, 2014Feb 23, 2015Apr 30, 2015Jul 30, 2015Oct 29, 2015Feb 24, 2016May 2, 2016Jul 27, 2016Oct 26, 2016Feb 22, 2017Apr 26, 2017Jul 26, 2017Oct 25, 2017Feb 21, 2018Apr 25, 2018Jul 25, 2018Oct 31, 2018Feb 20, 2019Apr 24, 2019Jul 24, 2019Oct 30, 2019Feb 19, 2020Apr 22, 2020Jul 22, 2020Oct 28, 2020Feb 18, 2021Apr 28, 2021Jul 27, 2021Oct 27, 2021Feb 16, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Feb 16, 2023Apr 27, 2023Aug 3, 2023Nov 2, 2023Feb 22, 2024May 2, 2024Aug 1, 2024Oct 31, 2024Feb 20, 2025May 1, 2025Jul 31, 2025Oct 30, 2025Feb 19, 2026Apr 30, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate0.100.100.100.110.130.160.060.090.110.230.170.210.22-0.05-0.17-0.15-0.14-0.24-0.33-0.25-0.14-0.12-0.12-0.09-0.10-0.10--0.09-0.13-0.12-0.15-0.12-0.10-0.07-0.030.030.030.050.040.040.04-0.01-0.040.02-0.08-0.020.050.040.080.140.160.120.140.180.090.090.060.03-0.01-0.07-0.05-0.08-0.07-0.08-0.040.01-0.02-0.04-0.01-0.02-0.02-0.040.020.030.030.010.050.090.080.050.080.100.01-0.040.04-0.04-0.07-0.05-0.010.010.020.060.070.110.060.090.100.120.02-0.10-0.10-0.11-0.15-0.08-0.05-0.07-0.04-0.14-0.13-0.12-0.10-0.050.050.30
EPS Actual0.110.100.100.120.140.140.080.100.120.140.200.220.23-0.06-0.17-0.16-0.09-0.26-0.35-0.19-0.17-0.11-0.09-0.11-0.12-0.22-0.10-0.18-0.13-0.10-0.11-0.10-0.040.050.030.040.030.030.060.060.02-0.03-0.08-0.18-0.040.070.090.080.130.170.150.130.210.190.080.050.040.03-0.02-0.07-0.06-0.07-0.04-0.040.010.02-0.01-0.03-0.00-0.00-0.040.040.040.070.060.020.050.120.080.070.100.10-0.03-0.030.04-0.02-0.05-0.010.010.020.050.080.100.090.070.070.130.160.03-0.06-0.10-0.12-0.09-0.03-0.02-0.07-0.10-0.19-0.15-0.03-0.05-0.010.170.39
Surprise10.00%0.00%0.00%9.09%7.69%-12.50%33.33%11.11%9.09%-39.13%17.65%4.76%4.55%-20.00%0.00%-6.67%35.71%-8.33%-6.06%24.00%-21.43%8.33%25.00%-22.22%-20.00%-120.00%--100.00%0.00%16.67%26.67%16.67%60.00%171.43%200.00%33.33%0.00%-40.00%50.00%50.00%-50.00%-200.00%-100.00%-1000.00%50.00%450.00%80.00%100.00%62.50%21.43%-6.25%8.33%50.00%5.56%-11.11%-44.44%-33.33%0.00%-100.00%0.00%-20.00%12.50%42.86%50.00%125.00%100.00%50.00%25.00%85.00%99.50%-100.00%200.00%100.00%133.33%100.00%100.00%0.00%33.33%0.00%40.00%25.00%0.00%-300.00%25.00%0.00%50.00%28.57%80.00%200.00%100.00%150.00%33.33%42.86%-18.18%16.67%-22.22%30.00%33.33%50.00%40.00%0.00%-9.09%40.00%62.50%60.00%0.00%-138.10%-35.71%-15.38%75.00%48.29%80.00%240.00%30.00%
Timing------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap2.41B
Enterprise Value2.68B
Trailing P/E74.94
Forward P/E20.04
PEG Ratio12.09
Price / Sales14.08
Price / Book3.43
EPS0.49
Book Value14.25
Revenue (TTM)170.96M
Gross Profit (TTM)75.27M
EBITDA43.27M
Profit Margin18.53%
Operating Margin38.72%
Return on Equity6.12%
Return on Assets2.69%
Shares Outstanding65.57M
Shares Float61.22M
Beta2.01
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 5 analystsTarget 91.60
  • Strong Buy
    3
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
72.92%
Insiders
4.03%
Retail / Other
23.05%

Top Institutional Holders

  • BlackRock Inc
    5.07M7.74%
  • Marex Group Ltd
    3.56M5.43%
  • Jane Street Group LLC
    3.53M5.38%
  • Vanguard Capital Management, LLC
    2.72M4.15%
  • D. E. Shaw & Co LP
    2.25M3.43%
  • Assenagon Asset Management SA
    2.05M3.12%
  • Vanguard Portfolio Management, LLC
    1.76M2.68%
  • Geode Capital Management, LLC
    1.74M2.65%
  • State Street Corp
    1.48M2.26%
  • Citadel Advisors Llc
    1.48M2.26%
  • T. Rowe Price Associates, Inc.
    1.32M2.01%
  • Clear Street Group Inc
    1.31M2.00%
  • Amvescap Plc.
    1.14M1.74%
  • Citigroup Inc
    1.06M1.61%
  • SG Americas Securities, LLC
    1.00M1.53%
  • Millennium Management LLC
    854.32K1.30%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    3.85M5.87%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.98M3.02%
  • iShares Russell 2000 ETF
    1.62M2.47%
  • Invesco Semiconductors ETF
    1.05M1.60%