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105.88 USD
EPS
-0.32
P/B
24.32
ROE
-5.03
Beta
1.51
Target Price
87.75 USD
AXT, Inc. logo

AXT, Inc.

🧾 Earnings Recap – Q1 2026

Shares surged 35.1% after AXT’s Q1 2026 report, reflecting investor enthusiasm for a sharp sequential revenue rebound, significantly improved margins, and aggressive Indium Phosphide capacity expansion backed by a major capital raise.

  • Revenue jumped to $26.9M in Q1 2026, up from $23.0M in Q4 and $19.4M in the prior-year quarter, with Indium Phosphide contributing $13.6M, driven by data center demand.
  • Non-GAAP gross margin rebounded to 29.9% (from 21.5% in Q4 and a negative 6.1% a year ago), highlighting meaningful operational improvements.
  • Operating losses narrowed materially: non-GAAP net loss was reduced to $0.6M ($0.01 per share), versus $2.3M in Q4 and $8.2M in Q1 2025.
  • The company completed a $632.5M capital raise earmarked for doubling Indium Phosphide capacity in 2026, with further expansion targeted for 2027 and 2028.
  • Cash declined by $5.1M to $123M due to rising accounts receivable and inventory build, as AXT ramps up capacity to meet record order backlogs.
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Key Metrics
Earnings dateJuly 30, 2026
EPS-0.32
Book Value5.09
Price to Book24.32
Debt/Equity20.83
% Insiders4.258%
Growth
Revenue Growth0.39%
Estimates
Forward P/E164.60
Forward EPS0.75
Target Mean Price87.75

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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 105.88 USD. Market analysts have a consensus price target of 87.75 USD. This suggests the asset is currently trading above analyst expectations.

Earnings Schedule: AXT, Inc. is expected to release its next earnings report on July 30, 2026. The market consensus estimate for Forward EPS is 0.75.

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 July 30, 2026. The company currently has a trailing EPS of -0.32.

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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