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

38.18 1.46 +3.98%
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) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, AXT Inc (AXTI) trades at a EV/Sales of 11.3×. Over the past ten years it has ranged from 0.3× (October 2015) to 77.7× (May 2026); the current reading is higher than 94% of that period. That is above the Semiconductor Equipment & Materials industry median of 5.0× and above the Technology sector median of 2.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 7.4× 580.70%
FY2024 1.1× (22.93%)
FY2023 1.4× 9.80%
FY2022 1.3× (47.67%)
FY2021 2.5× (27.79%)
FY2020 3.4× 96.71%
FY2019 1.7× 34.58%
FY2018 1.3× (51.86%)
FY2017 2.7× 97.46%
FY2016 1.4× 140.71%

Quarterly newest first

Period EV/Sales Change
Sep 2026 26.1× (19.11%)
Jun 2026 32.3× 3.63%
Mar 2026 31.1× 320.57%
Dec 2025 7.4× 193.24%
43 more quarters

Against its own ten years

Low 0.3× High 77.7×
Ten-year median 1.7×
Current reading's percentile 93

EV/Sales against peers

Company EV/Sales
UCTT Ultra Clean Holdings, Inc. compare 0.9×
ACMR ACM Research, Inc. compare 1.5×
IPGP IPG Photonics Corporation compare 1.6×
VECO Veeco Instruments Inc. compare 2.5×
COHU Cohu, Inc. compare 2.6×
ACLS Axcelis Technologies, Inc. compare 2.7×
KLIC Kulicke and Soffa Industries, Inc. compare 2.8×
AMBA Ambarella, Inc. compare 5.2×
AXTI AXT Inc 11.3×
Semiconductor Equipment & Materials industry median 5.0×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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