AXT Inc

AXTI Technology Semiconductor Equipment & Materials

AXT Inc’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, down 11.1% from fiscal 2024.

Revenue
+162.6%
EPS
+1,265.3%
Free cash flow
+173.3%
Total debt
+17.7%

Quarter to September 2026, against a year earlier

38.19 1.47 +4.00%
Market cap
$2.4B
P/E
70.3×
Fwd P/E
49.2×
Dividend yield
—
F-score
3/9
Altman Z
3.40
Beneish M
−2.10
Dividend safety
n/a

AXT Inc (AXTI) Debt to equity

Alert me on Debt to equity

AXT Inc's debt to equity at the end of the quarter to 30 September 2026 was 0.1×, down 0.1× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.0× (fiscal 2018) to 0.2× (fiscal 2023); the current reading is higher than 82% of that period. That is below the Semiconductor Equipment & Materials industry median of 0.1× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× (3.11%)
FY2024 0.2× (6.06%)
FY2023 0.2× 21.02%
FY2022 0.2× 213.03%
FY2021 0.1× 22.55%
FY2020 0.1× 68.12%
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.1× (16.58%)
Jun 2026 0.1× (60.01%)
Mar 2026 0.2× 9.02%
Dec 2025 0.2× (30.41%)
43 more quarters

Against its own ten years

Low 0.0× High 0.2×
Ten-year median 0.1×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
AMBA Ambarella, Inc. compare 0.0×
IPGP IPG Photonics Corporation compare 0.0×
KLIC Kulicke and Soffa Industries, Inc. compare 0.0×
ACLS Axcelis Technologies, Inc. compare 0.0×
AXTI AXT Inc 0.1×
ACMR ACM Research, Inc. compare 0.1×
VECO Veeco Instruments Inc. compare 0.2×
COHU Cohu, Inc. compare 0.4×
UCTT Ultra Clean Holdings, Inc. compare 0.8×
Semiconductor Equipment & Materials industry median 0.1×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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