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) Net margin

Alert me on Net margin

AXT Inc's net margin over the twelve months to 30 September 2026 was 18.5%, up 42.6 percentage points from fiscal 2025 (−24.1%). Over the past ten years it has ranged from −24.1% (fiscal 2025) to 11.2% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Semiconductor Equipment & Materials industry median of 10.2% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −24.1% (12.37)
FY2024 −11.7% 11.89
FY2023 −23.6% (34.79)
FY2022 11.2% 0.59
FY2021 10.6% 7.21
FY2020 3.40% 6.52
FY2019 −3.12% (12.55)
FY2018 9.43% (0.68)
FY2017 10.1% 3.40
FY2016 6.71% 9.81

Quarterly newest first

Period Net margin Change (points)
Sep 2026 35.0% 11.66
Jun 2026 23.4% 29.40
Mar 2026 −6.02% 9.38
Dec 2025 −15.4% (8.58)
43 more quarters

Against its own ten years

Low −24.1% High 11.2%
Ten-year median 3.40%
Current reading's percentile 100

Net margin against peers

Company Net margin
AXTI AXT Inc 18.5%
ACMR ACM Research, Inc. compare 14.5%
KLIC Kulicke and Soffa Industries, Inc. compare 12.2%
ACLS Axcelis Technologies, Inc. compare 11.8%
IPGP IPG Photonics Corporation compare 3.65%
UCTT Ultra Clean Holdings, Inc. compare 1.09%
VECO Veeco Instruments Inc. compare 0.00%
COHU Cohu, Inc. compare −3.97%
AMBA Ambarella, Inc. compare −13.5%
Semiconductor Equipment & Materials industry median 10.2%
Technology sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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