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. In the quarter to June 2026, revenue grew 164.8%, EPS grew 212.5%, free cash flow grew 173.3% and total debt rose 50.6%, each against the same quarter a year earlier.

51.47 6.44 −11.12%
Market cap
$3.8B
P/E
1,716×
Fwd P/E
379×
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 16 October 2026, AXT Inc (AXTI) trades at a EV/Sales of 22.2×. Over the past ten years it has ranged from 0.3× (October 2015) to 77.7× (May 2026); the current reading is higher than 95% of that period. That is above the Semiconductor Equipment & Materials industry median of 5.5× and above the Technology sector median of 2.7×.

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
Jun 2026 32.3× 3.63%
Mar 2026 31.1× 320.57%
Dec 2025 7.4× 193.24%
Sep 2025 2.5× 92.08%
42 more quarters

Against its own ten years

Low 0.3× High 77.7×
Ten-year median 1.7×
Current reading's percentile 95

EV/Sales against peers

Company EV/Sales
UCTT Ultra Clean Holdings, Inc. compare 1.2×
IPGP IPG Photonics Corporation compare 2.0×
ACMR ACM Research, Inc. compare 2.4×
ACLS Axcelis Technologies, Inc. compare 3.5×
VECO Veeco Instruments Inc. compare 3.6×
KLIC Kulicke and Soffa Industries, Inc. compare 3.8×
COHU Cohu, Inc. compare 4.2×
AMBA Ambarella, Inc. compare 5.8×
AXTI AXT Inc 22.2×
Semiconductor Equipment & Materials industry median 5.5×
Technology sector median 2.7×
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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