profit from every $100 of sales.
$0$100
AXT
$41.84-3.90% today
+300.8% in 1 year
1-year low $8.931-year high $140.83
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What AXT sold, what it kept, and what it did with the cash.
Sales went from $141 million in 2022 to $88.3 million in 2025, with -$21.3 million of profit last year.
SalesProfit
AXT vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| AXT | No profit yet | ||
 ASML | 54.4× · Expensive | ||
 Applied Materials | 42.0× · Expensive | ||
 Lam Research | 38.8× · Expensive | ||
 KLA | 41.1× · Expensive |
AI analysis
An AI analyst reads AXT's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 141 | 76 | 99 | 88 | |
| 52 | 13 | 24 | 11 | |
| 14 | -19 | -13 | -21 | |
| 30 | -9 | -0 | -11 | |
| 16 | -18 | -12 | -21 | |
| 0.37 | -0.42 | -0.27 | -0.49 | |
| 36.9% | 17.6% | 24.0% | 12.7% | |
| 10.1% | -25.1% | -12.6% | -23.3% | |
| 11.2% | -23.6% | -11.7% | -24.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 370 | 359 | 339 | 434 |
| Cash | 35 | 38 | 23 | 120 |
| Total debt | 49 | 56 | 50 | 65 |
| Total liabilities | 80 | 90 | 84 | 99 |
| 222 | 204 | 193 | 273 | |
| 43 | 43 | 43 | 44 | |
| 6.4% | -5.3% | -3.0% | -4.7% | |
| 7.1% | -8.8% | -6.0% | -7.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -9 | 3 | -12 | -13 | |
| 28 | 10 | 6 | 6 | |
| -37 | -7 | -18 | -19 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 4 | 4 | 3 | 3 |
Valuation
- –
- 168.5×
- –
- 9.4×
- 31.1×
- –
- –
- -0.7%
- -0.8%
- 0.0%
Profitability
- 12.7%
- -23.3%
- -24.1%
- -6.7%
- -4.9%
- -1.7%
- -6.2%
- -3.2%
- -3.8%
- 9.3%
Growth
- −14.5%
- –
- −5.0%
- –
- +0.9%
Financial health
- -5.0×
- 0.24
- 15.8%
- -16.1×
- 2.72
- 1.67
- 0.22
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 14%of 964
Bottom 7%of 972
Bottom 3%of 977
Bottom 20%of 981
What analysts expect
- Average price target
- $52.40
- Range
- $18.00 – $93.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | -0.01 | -0.04 | +75.0% |
| Feb 19, 2026 | -0.05 | -0.04 | −25.0% |
| Oct 30, 2025 | -0.03 | -0.11 | +72.7% |
| Jul 31, 2025 | -0.15 | -0.13 | −15.4% |
| May 1, 2025 | -0.19 | -0.13 | −46.2% |
| Feb 20, 2025 | -0.10 | -0.04 | −150.0% |
| Oct 31, 2024 | -0.05 | -0.06 | +16.7% |
| Aug 1, 2024 | -0.02 | -0.05 | +60.0% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
26No pass
Benjamin Graham
36No pass
Philip Fisher
34No pass
Peter Lynch
26No pass
Joel Greenblatt
0No pass
Charlie Munger
32No pass
Terry Smith
29No pass
Questions about AXT
Is AXT a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the AXT AI analysis
What does AXT do?
AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It is in Semiconductor Equipment & Materials, based in Fremont, CA, United States, with 1,541 employees.
Does AXT pay a dividend?
No. AXT does not pay a dividend at the moment.
Is AXT stock halal?
Yes. AXT passes our halal screen: its business is permitted and its debt is 2% of its market value, under the 30% limit. How we check
How has AXT stock done over the past year?
Up 300.8% over the past twelve months, to $41.84. It traded between $8.93 and $140.83 and is 70.3% below its high.
Who are AXT's competitors?
The largest listed companies in the same industry are ASML, Applied Materials, Lam Research and KLA. The peers table on this page compares their profit, growth and price with AXT's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.