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

38.09 1.37 +3.73%
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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, AXT Inc (AXTI) trades at a P/S ratio of 14.1×. Over the past ten years it has ranged from 0.5× (April 2025) to 78.3× (May 2026); the current reading is higher than 94% of that period. That is above the Semiconductor Equipment & Materials industry median of 4.2× and above the Technology sector median of 2.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 8.1× 762.85%
FY2024 0.9× (32.17%)
FY2023 1.4× 6.58%
FY2022 1.3× (50.85%)
FY2021 2.7× (34.17%)
FY2020 4.0× 95.31%
FY2019 2.1× 24.37%
FY2018 1.7× (50.04%)
FY2017 3.3× 71.52%
FY2016 1.9× 87.99%

Quarterly newest first

Period P/S ratio Change
Sep 2026 28.9× (17.81%)
Jun 2026 35.2× 10.99%
Mar 2026 31.7× 289.58%
Dec 2025 8.1× 273.42%
43 more quarters

Against its own ten years

Low 0.5× High 78.3×
Ten-year median 1.9×
Current reading's percentile 93

P/S ratio against peers

Company P/S ratio
UCTT Ultra Clean Holdings, Inc. compare 0.7×
IPGP IPG Photonics Corporation compare 2.4×
ACMR ACM Research, Inc. compare 2.6×
VECO Veeco Instruments Inc. compare 2.9×
COHU Cohu, Inc. compare 2.9×
ACLS Axcelis Technologies, Inc. compare 3.1×
KLIC Kulicke and Soffa Industries, Inc. compare 3.3×
AMBA Ambarella, Inc. compare 5.8×
AXTI AXT Inc 14.1×
Semiconductor Equipment & Materials industry median 4.2×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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