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AXTI

Neutral signalScored 2026-08-21 Drivers: fundamentals. Moteurs : fondamentaux.

Research, not advice.

À propos

AXT, Inc.

Nom
AXT, Inc.
Secteur
Technology
Industrie
Semiconductors
Bourse
NASDAQ
Capitalisation
$3.4B
Employés
1,541
PDG
Morris S. Young
Site web
https://investors.axt.com
Marché
AAOIALMULITEMTSI

AXT, Inc. is a company dedicated to the design, development, production, and worldwide distribution of both compound and single-element semiconductor substrates. Leveraging its proprietary vertical gradient freeze technology, the firm manufactures these essential components. Its diverse product range includes indium phosphide substrates, vital for applications like data center connectivity (utilizing light and lasers), 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplification and switching, infrared LEDs for motion control, LiDAR in robotics and autonomous vehicles, and infrared thermal imaging. AXT also provides semi-insulating gallium arsenide (GaAs) substrates, which are critical for Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells. Furthermore, its semi-conducting GaAs substrates find use in LEDs, screen displays, printer head lasers and LEDs, 3D sensing via VCSELs, data center communication using VCSELs, sensors for industrial robotics and near-infrared applications, optical couplers, solar cells, night vision goggles, LiDAR for robotics and autonomous vehicles, and various other laser technologies such as machining, cutting, and drilling. Germanium substrates are another key offering, employed in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photovoltaic cells, infrared detectors, and as carrier wafers for LEDs. Beyond these substrates, AXT supplies high-purity materials including 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, along with pyrolytic boron nitride (pBN) crucibles and pBN insulating parts. The company distributes its products via a direct salesforce in the United States, China, and Europe, alongside independent sales representatives and distributors across Japan, Taiwan, Korea, and other international markets. Established in 1986 as American Xtal Technology, Inc., the company rebranded to AXT, Inc. in July 2000 and is headquartered in Fremont, California.

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

VENTE TOTALE: 6 000 titres (~560 910,40 $ US)

Insiders
LEBLANC LEONARD J
Total bought
—

Avg buy (VWAP, 90d window) —

Total sold
$605,705

Avg sell (VWAP, 90d window) $93.19 vs last close —

Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.

Last activity
2026-08-17
Last synced
2026-08-23 00:12:53 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-08-17 LEBLANC LEONARD J Sell · S 4,000 $96.07 $384,280 Form 4
2026-08-07 LEBLANC LEONARD J Sell · S 2,000 $88.31 $176,630 Form 4
2026-06-10 LEBLANC LEONARD J Sell · S 500 $89.59 $44,795 Form 4

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

No STOCK Act disclosures for this company in this window.

Signal

Neutral signalScored 2026-08-21 Drivers: fundamentals. Moteurs : fondamentaux.

The 0-100 score behind this signal and the full written analysis are part of Plus. See plans.

Neutral signal Drivers: fundamentals. Moteurs : fondamentaux.

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

  • Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
  • Congress Unavailable or mixed. No purchase disclosures in the stored window
  • Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
  • Timing Unavailable or mixed. No stored price series
  • Financial indicators Unavailable or mixed. Current ratio 2.72 · operating margin -25% — readings disagree

Market snapshot

Financial ratios

MetricTrend2025-12-312024-12-312023-12-312022-12-312021-12-31
Gross Profit Margin12.7%24.0%17.6%36.9%34.5%
Ebit Margin-23.0%-9.4%-23.1%15.6%13.1%
Ebitda Margin-12.7%-0.3%-11.6%21.3%18.3%
Operating Profit Margin-24.9%-14.9%-28.5%8.9%9.4%
Pretax Profit Margin-24.4%-10.7%-25.1%14.8%12.8%
Continuous Operations Profit Margin-26.3%-11.9%-25.3%13.3%12.0%
Net Profit Margin-24.1%-11.7%-23.6%11.2%10.6%
Bottom Line Profit Margin-24.3%-11.9%-23.8%11.1%10.5%
Current Ratio2.7232.1342.0922.4373.350
Quick Ratio1.8210.9871.0321.2471.971
Solvency Ratio-0.123-0.031-0.1020.2980.415
Cash Ratio1.3280.3080.4630.4640.769
Price To Earnings Ratio-33.367-8.037-5.71411.83825.171
Price To Earnings Growth Ratio-0.4100.2250.0272.0720.070
Forward Price To Earnings Growth Ratio-0.4100.2250.0272.0720.070
Price To Earnings Diluted Ratio-33.367-8.037-5.71411.83825.912
Price To Earnings Diluted Growth Ratio-0.4100.2250.0271.3420.073
Price To Book Ratio2.6280.4860.5020.8321.723
Price To Sales Ratio8.1320.9421.3501.3072.653
Price To Free Cash Flow Ratio-38.252-5.236-14.472-4.953-11.060
Price To Operating Cash Flow Ratio-56.192-7.73230.074-21.040-110.270
Debt To Assets Ratio0.1490.1470.1550.1320.050
Debt To Equity Ratio0.2370.2580.2730.2210.078
Debt To Capital Ratio0.1920.2050.2150.1810.073
Long Term Debt To Capital Ratio0.0000.0000.0000.0000.000
Financial Leverage Ratio1.5871.7601.7581.6701.572
Working Capital Turnover Ratio0.7361.1470.7681.2801.156
Operating Cash Flow Ratio-0.141-0.1630.042-0.116-0.069
Operating Cash Flow Sales Ratio-0.145-0.1220.045-0.062-0.024
Free Cash Flow Operating Cash Flow Ratio1.4691.476-2.0784.2489.970
Debt Service Coverage Ratio-0.200-0.030-0.1640.5801.676
Interest Coverage Ratio-17.483-11.047-14.12511.72260.549
Short Term Operating Cash Flow Coverage Ratio-0.204-0.2560.064-0.186-0.234
Operating Cash Flow Coverage Ratio-0.197-0.2430.061-0.179-0.200
Capital Expenditure Coverage Ratio-2.132-2.0990.325-0.308-0.111
Dividend Paid And Capex Coverage Ratio-2.132-2.0990.325-0.308-0.111
Dividend Payout Ratio0.0000.0000.0000.0000.000
Enterprise Value Multiple-59.295-356.770-13.6986.58613.713

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 12.7% ▼-11.3% ▼-12.4%
Ebit Margin -23.0% ▼-13.6% ▼-17.6%
Ebitda Margin -12.7% ▼-12.3% ▼-15.7%
Operating Profit Margin -24.9% ▼-10.0% ▼-14.9%
Pretax Profit Margin -24.4% ▼-13.7% ▼-17.9%
Continuous Operations Profit Margin -26.3% ▼-14.4% ▼-18.6%
Net Profit Margin -24.1% ▼-12.4% ▼-16.6%
Bottom Line Profit Margin -24.3% ▼-12.4% ▼-16.6%
Current Ratio 2.723 ▲0.589 ▲0.176
Quick Ratio 1.821 ▲0.835 ▲0.410
Solvency Ratio -0.123 ▼-0.091 ▼-0.214
Cash Ratio 1.328 ▲1.020 ▲0.662
Price To Earnings Ratio -33.367 ▼-25.330 ▼-31.346
Price To Earnings Growth Ratio -0.409 ▼-0.634 ▼-0.806
Forward Price To Earnings Growth Ratio -0.409 ▼-0.634 ▼-0.806
Price To Earnings Diluted Ratio -33.367 ▼-25.330 ▼-31.494
Price To Earnings Diluted Growth Ratio -0.409 ▼-0.634 ▼-0.661
Price To Book Ratio 2.628 ▲2.143 ▲1.394
Price To Sales Ratio 8.132 ▲7.190 ▲5.255
Price To Free Cash Flow Ratio -38.252 ▼-33.016 ▼-23.458
Price To Operating Cash Flow Ratio -56.192 ▼-48.461 ▼-23.160
Debt To Assets Ratio 0.149 ▲0.003 ▲0.023
Debt To Equity Ratio 0.237 ▼-0.021 ▲0.024
Debt To Capital Ratio 0.192 ▼-0.013 ▲0.019
Long Term Debt To Capital Ratio 0.000 0.000 0.000
Financial Leverage Ratio 1.587 ▼-0.173 ▼-0.082
Working Capital Turnover Ratio 0.736 ▼-0.412 ▼-0.282
Operating Cash Flow Ratio -0.141 ▲0.022 ▼-0.051
Operating Cash Flow Sales Ratio -0.145 ▼-0.023 ▼-0.083
Free Cash Flow Operating Cash Flow Ratio 1.469 ▼-0.007 ▼-1.548
Debt Service Coverage Ratio -0.200 ▼-0.170 ▼-0.573
Interest Coverage Ratio -17.483 ▼-6.436 ▼-23.406
Short Term Operating Cash Flow Coverage Ratio -0.204 ▲0.053 ▼-0.040
Operating Cash Flow Coverage Ratio -0.197 ▲0.046 ▼-0.045
Capital Expenditure Coverage Ratio -2.132 ▼-0.034 ▼-1.267
Dividend Paid And Capex Coverage Ratio -2.132 ▼-0.034 ▼-1.267
Dividend Payout Ratio 0.000 0.000 0.000
Enterprise Value Multiple -59.295 ▲297.475 ▲22.598

Key metrics

MetricTrend20252024202320222021
Market cap$718.3M$93.6M$102.3M$184.4M$364.4M
Enterprise value$662.9M$120.6M$120.3M$198.4M$344.2M
EV / Sales7.50x1.21x1.59x1.41x2.50x
EV / Op. cash flow-51.85x-9.96x35.36x-22.63x-104.15x
EV / Free cash flow-35.30x-6.74x-17.01x-5.33x-10.45x
EV / EBITDA-59.30x-356.77x-13.70x6.59x13.71x
Net debt / EBITDA4.96x-79.72x-2.05x0.46x-0.81x
Current ratio2.72x2.13x2.09x2.44x3.35x
Income quality0.00x1.03x-0.19x-0.47x-0.20x
Graham number———$7$6
Graham net-net$2$0$0$1$1
Tax burden98.7%109.1%93.9%75.6%82.8%
Interest burden106.2%114.4%108.7%95.1%97.7%
Working capital$156.0M$84.1M$89.1M$108.2M$112.4M
Invested capital$321.5M$248.0M$260.1M$272.9M$259.2M
Return on assets-4.9%-3.4%-5.0%4.3%4.4%
Operating ROA-5.7%-4.2%-5.9%3.6%4.1%
Return on tangible assets-4.9%-3.4%-5.0%4.3%4.4%
Return on equity-7.8%-6.0%-8.8%7.1%6.9%
Return on invested capital-5.4%-4.7%-6.5%3.3%4.0%
Return on capital employed-6.4%-5.6%-7.8%4.3%4.5%
Earnings yield-3.0%-12.4%-17.5%8.6%4.0%
Free cash flow yield-2.6%-19.1%-6.9%-20.2%-9.0%
Capex / Op. cash flow-46.9%-47.6%307.8%-324.8%-897.0%
Capex / Depreciation65.8%64.3%120.1%350.6%418.8%
Capex / Sales6.8%5.8%13.8%20.2%21.6%
SG&A / Sales27.4%24.3%30.1%18.2%17.6%
R&D / Sales10.2%14.6%15.9%9.9%7.5%
Stock comp / Sales3.7%3.1%4.7%2.8%3.3%
Intangibles / Total assets0.4%0.5%0.5%0.5%0.6%
Days sales outstanding111d94d93d76d93d
Days payables outstanding61d60d56d41d68d
Operating cycle498d505d598d443d360d
Cash conversion cycle436d446d542d402d292d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▲+667.1%EV / Sales ▲+518.4%EV / EBITDA ▲+83.4%EV / Op. cash flow ▼-41.898Earnings yield ▲+0.095
Profitability
Return on equity ▼-0.017Return on assets ▼-0.015Return on invested capital ▼-0.007Return on capital employed ▼-0.008Operating ROA ▼-0.014Income quality ▼-1.027Tax burden ▼-0.104
Efficiency
Days sales outstanding ▲+16.763Days payables outstanding ▲+1.591Operating cycle ▼-7.775Cash conversion cycle ▼-9.365Capex / Sales ▲+0.010R&D / Sales ▼-0.044
Balance-sheet strength
Current ratio ▲+0.589Net debt / EBITDA ▲+84.676Working capital ▲+71919000.000Invested capital ▲+73524000.000Intangibles / Total assets ▼-0.001

Change over 5 years

Valuation
Market cap ▲+97.1%EV / Sales ▲+199.5%EV / EBITDA ▼-532.4%EV / Op. cash flow ▲+52.297Earnings yield ▼-0.070
Profitability
Return on equity ▼-0.147Return on assets ▼-0.093Return on invested capital ▼-0.094Return on capital employed ▼-0.109Operating ROA ▼-0.098Income quality ▲+0.200Tax burden ▲+0.159
Efficiency
Days sales outstanding ▲+18.398Days payables outstanding ▼-6.231Operating cycle ▲+137.651Cash conversion cycle ▲+143.882Capex / Sales ▼-0.148R&D / Sales ▲+0.027
Balance-sheet strength
Current ratio ▼-0.626Net debt / EBITDA ▲+5.766Working capital ▲+43652000.000Invested capital ▲+62321000.000Intangibles / Total assets ▼-0.002

Employee count

Peer market caps

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