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
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.
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
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 12.7% | 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 Ratio | 2.723 | 2.134 | 2.092 | 2.437 | 3.350 | |
| Quick Ratio | 1.821 | 0.987 | 1.032 | 1.247 | 1.971 | |
| Solvency Ratio | -0.123 | -0.031 | -0.102 | 0.298 | 0.415 | |
| Cash Ratio | 1.328 | 0.308 | 0.463 | 0.464 | 0.769 | |
| Price To Earnings Ratio | -33.367 | -8.037 | -5.714 | 11.838 | 25.171 | |
| Price To Earnings Growth Ratio | -0.410 | 0.225 | 0.027 | 2.072 | 0.070 | |
| Forward Price To Earnings Growth Ratio | -0.410 | 0.225 | 0.027 | 2.072 | 0.070 | |
| Price To Earnings Diluted Ratio | -33.367 | -8.037 | -5.714 | 11.838 | 25.912 | |
| Price To Earnings Diluted Growth Ratio | -0.410 | 0.225 | 0.027 | 1.342 | 0.073 | |
| Price To Book Ratio | 2.628 | 0.486 | 0.502 | 0.832 | 1.723 | |
| Price To Sales Ratio | 8.132 | 0.942 | 1.350 | 1.307 | 2.653 | |
| Price To Free Cash Flow Ratio | -38.252 | -5.236 | -14.472 | -4.953 | -11.060 | |
| Price To Operating Cash Flow Ratio | -56.192 | -7.732 | 30.074 | -21.040 | -110.270 | |
| Debt To Assets Ratio | 0.149 | 0.147 | 0.155 | 0.132 | 0.050 | |
| Debt To Equity Ratio | 0.237 | 0.258 | 0.273 | 0.221 | 0.078 | |
| Debt To Capital Ratio | 0.192 | 0.205 | 0.215 | 0.181 | 0.073 | |
| Long Term Debt To Capital Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Financial Leverage Ratio | 1.587 | 1.760 | 1.758 | 1.670 | 1.572 | |
| Working Capital Turnover Ratio | 0.736 | 1.147 | 0.768 | 1.280 | 1.156 | |
| Operating Cash Flow Ratio | -0.141 | -0.163 | 0.042 | -0.116 | -0.069 | |
| Operating Cash Flow Sales Ratio | -0.145 | -0.122 | 0.045 | -0.062 | -0.024 | |
| Free Cash Flow Operating Cash Flow Ratio | 1.469 | 1.476 | -2.078 | 4.248 | 9.970 | |
| Debt Service Coverage Ratio | -0.200 | -0.030 | -0.164 | 0.580 | 1.676 | |
| Interest Coverage Ratio | -17.483 | -11.047 | -14.125 | 11.722 | 60.549 | |
| Short Term Operating Cash Flow Coverage Ratio | -0.204 | -0.256 | 0.064 | -0.186 | -0.234 | |
| Operating Cash Flow Coverage Ratio | -0.197 | -0.243 | 0.061 | -0.179 | -0.200 | |
| Capital Expenditure Coverage Ratio | -2.132 | -2.099 | 0.325 | -0.308 | -0.111 | |
| Dividend Paid And Capex Coverage Ratio | -2.132 | -2.099 | 0.325 | -0.308 | -0.111 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | -59.295 | -356.770 | -13.698 | 6.586 | 13.713 |
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
| Metric | Current | vs 1Y ago | vs 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 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 / Sales | 7.50x | 1.21x | 1.59x | 1.41x | 2.50x | |
| EV / Op. cash flow | -51.85x | -9.96x | 35.36x | -22.63x | -104.15x | |
| EV / Free cash flow | -35.30x | -6.74x | -17.01x | -5.33x | -10.45x | |
| EV / EBITDA | -59.30x | -356.77x | -13.70x | 6.59x | 13.71x | |
| Net debt / EBITDA | 4.96x | -79.72x | -2.05x | 0.46x | -0.81x | |
| Current ratio | 2.72x | 2.13x | 2.09x | 2.44x | 3.35x | |
| Income quality | 0.00x | 1.03x | -0.19x | -0.47x | -0.20x | |
| Graham number | — | — | — | $7 | $6 | |
| Graham net-net | $2 | $0 | $0 | $1 | $1 | |
| Tax burden | 98.7% | 109.1% | 93.9% | 75.6% | 82.8% | |
| Interest burden | 106.2% | 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 / Depreciation | 65.8% | 64.3% | 120.1% | 350.6% | 418.8% | |
| Capex / Sales | 6.8% | 5.8% | 13.8% | 20.2% | 21.6% | |
| SG&A / Sales | 27.4% | 24.3% | 30.1% | 18.2% | 17.6% | |
| R&D / Sales | 10.2% | 14.6% | 15.9% | 9.9% | 7.5% | |
| Stock comp / Sales | 3.7% | 3.1% | 4.7% | 2.8% | 3.3% | |
| Intangibles / Total assets | 0.4% | 0.5% | 0.5% | 0.5% | 0.6% | |
| Days sales outstanding | 111d | 94d | 93d | 76d | 93d | |
| Days payables outstanding | 61d | 60d | 56d | 41d | 68d | |
| Operating cycle | 498d | 505d | 598d | 443d | 360d | |
| Cash conversion cycle | 436d | 446d | 542d | 402d | 292d |
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
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-08-21 AXTI vs. ASYS: Which AI Semiconductor Stock Is the Better Buy Now? AXT leads Amtech Systems on AI-driven InP demand, earnings growth and capacity expansion, despite a premium valuation and advanced-packaging momentum.
- 2026-08-21 Wall Street Analysts Believe AXT (AXTI) Could Rally 25.27%: Here''s is How to Trade The consensus price target hints at a 25.3% upside potential for AXT (AXTI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 2026-08-21 Contrasting AXT (NASDAQ:AXTI) & SunHydrogen (OTCMKTS:HYSR) SunHydrogen (OTCMKTS:HYSR - Get Free Report) and AXT (NASDAQ: AXTI - Get Free Report) are both technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, risk, institutional ownership, profitability and earnings. Profitability This table compares SunHydrogen and AXT''s net margins, return
- 2026-08-19 AXT''s InP Demand Is Surging: Can It Become a Long-Term Growth Driver? AXTI''s record InP revenues, $100M-plus backlog and capacity expansion point to a multiyear opportunity tied to AI data-center optical demand.
- 2026-08-18 Optics Stocks Drop on Anthropic News, WSJ Report: Lumentum Down 10%, Corning Down 8%, AXT Down 12% Optics stocks are getting hit hard at midday Tuesday as a risk-off wave washes through AI hardware names.
- 2026-08-17 AXT, Inc. Announces Financial Conference Participation for the Third Quarter 2026 FREMONT, Calif.--(BUSINESS WIRE)---- $AXTI--AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will participate in the upcoming financial conferences: Needham 7th Annual Virtual Semiconductor & SemiCap 1x1 Conference on Aug. 20th 9th Annual B. Riley Securities Consumer & TMT Conference on Sept. 10th in New York Morgan Stanley ASIA Best Corporate Day on Sept. 21st-22nd in New York About AXT, Inc. AXT is a material science company that dev.
- 2026-08-17 AXT Soars Again on Monday to Lead Optics Stocks. Coherent and Lumentum Rally on Indium Phosphide Price Hikes The optics complex is ripping higher in Monday''s session. AXT (NASDAQ:AXTI) is up 13.71% intraday, with Coherent (NYSE:COHR | COHR Price Prediction) climbing 8.12%, Lumentum (NASDAQ:LITE) adding 6.79%.
- 2026-08-17 Here''s Why AXTI Stock Is a Buy Despite Its Premium 48.12X Valuation AXT''s 399.3% YTD surge comes amid record InP revenues, AI data-center demand and long-term supply deals that could support its premium valuation.
- 2026-08-16 AXT (NASDAQ:AXTI) Shares Up 9.6% – Should You Buy? AXT Inc (NASDAQ: AXTI - Get Free Report)''s share price traded up 9.6% during mid-day trading on Friday. The stock traded as high as $84.42 and last traded at $84.8630. Approximately 3,177,156 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 10,399,645 shares. The stock had previously closed
- 2026-08-14 AXT, T1 Energy and Babcock & Wilcox Soaring Higher On Friday Three second-derivative AI plays are in focus Friday morning. AXT (NASDAQ:AXTI) is trading higher alongside a broad rally in optics names, T1 Energy (NYSE:TE) is bouncing on the domestic solar policy trade, and Babcock & Wilcox Enterprises (NYSE:BW) is drawing attention around a fresh institutional disclosure.