Reading the tape
NASDAQ: AXTI
AXT, Inc.
Technology · Semiconductors
Market Cap
$2.82B
52w High
$71.49
52w Low
$1.13
P/E
-135.00
Volume
12.45M
Outstanding Shares
43.94M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 5,204.13%Revenue (TTM): -11.11%FCF (TTM): -5%P/E: 0th pct
What changed
The stock rose 5,204.13% over the last year. Revenue declined 11.11% over the trailing twelve months. Operating margin moved from -14.9% to -24.88%. Free cash flow declined 5% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -24.88%. A decisive move in revenue — currently down 11.11% — would be the clearest signal to resolve the ambiguity.
Company profile
AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates.
CEOMorris S. Young
SectorTechnology
IndustrySemiconductors
Employees1,527
IPO dateMay 21, 1998
Valuation
Forward P/E—
EV/EBITDA-32.32
Enterprise value$655.62M
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-8.22%
Gross margin12.73%▼46.94%vs FY2024
Operating margin-24.88%▼67.00%vs FY2024
ROE-7.78%▼29.01%vs FY2024
Analyst consensus
RatingBuy
Target price$22.83▼64.43%
7
Buy
4
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
Apr 30, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
-$0.15
-$0.13
Q4FY25
ActualEst.
-$0.03
-$0.11
Q1FY26
ActualEst.
-$0.05
-$0.04
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$17.97M
$19.52M
Q4FY25
ActualEst.
$27.96M
$28.77M
Q1FY26
ActualEst.
$23.04M
$25.18M
Q2FY26
Next Est.
—