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95.97 USD
P/E
2459.33
EPS
0.03
P/B
5.11
ROE
1.01
Beta
1.93
Target Price
91.60 USD
AXT, Inc. logo

AXT, Inc.

🧾 Earnings Recap – Q2 2026

AXT's stock surged 63.5% on record quarterly revenue led by indium phosphide sales and substantial gross margin improvement, signaling strong market approval of the company’s multi-year growth narrative and long-term supply agreements.

  • Q2 revenue reached $47.6 million, up 77% sequentially and 164% year-over-year, driven primarily by a record $30.7 million in indium phosphide sales linked to data center demand.
  • Gross margin expanded significantly to 45.0% non-GAAP, up from 29.9% in Q1 and just 8.2% a year ago, reflecting higher volumes and a favorable product mix.
  • The company returned to profitability with non-GAAP operating income of $11.2 million and net income of $11.9 million ($0.19 per diluted share), reversing prior losses.
  • Cash balance jumped to $749 million following a $632 million secondary stock offering, bolstering liquidity for growth initiatives.
  • Signed long-term supply agreements with major customers Casella and Coherent, which included substantial upfront prepayments totaling $47.7 million, underpinning confidence in indium phosphide’s role in AI-driven data infrastructure.
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Key Metrics
Earnings dateOct. 29, 2026
P/E2459.33
EPS0.03
Book Value14.43
Price to Book5.11
Debt/Equity8.97
% Insiders7.161%
Growth
Revenue Growth1.65%
Estimates
Forward P/E33.14
Forward EPS2.23
Target Mean Price91.60

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AXT, Inc. Logo AXT, Inc. Analysis (AXTI)

United States Information Technology Official Website Stock

Is AXT, Inc. a good investment? AXT, Inc. (AXTI) is currently trading at 95.97 USD. Market analysts have a consensus price target of 91.60 USD. This suggests the asset is currently trading above analyst expectations.

In terms of valuation, the stock trades at a P/E ratio of 2459.33. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: AXT, Inc. is expected to release its next earnings report on Oct. 29, 2026. The market consensus estimate for Forward EPS is 2.23.

Investor FAQ

Does AXT, Inc. pay a dividend?

No, it does not currently pay a dividend.

What asset class is AXT, Inc.?

AXT, Inc. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be Oct. 29, 2026. The company currently has a trailing EPS of 0.03.

Company Profile

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.

Exchange Ticker
NMS (United States) AXTI
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