AXT (AXTI) Stock Price
AXT Price
Over the last 19 years AXT grew revenue by 3.7% annually, reaching 88.33 M USD. Earnings per share have grown at 17.0% per year over the last 16 years. For AXT, the net margin of -24.1% is down versus 10.6% a few years ago. The consensus 12-month price target for AXT is 18.36 USD, about 72.7% below where the stock trades today. Of 11 analysts, 9 rate the stock a buy — an overall Buy consensus. The stock trades about 1,901% above its 52-week low.
AXT stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of AXT over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how AXT stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing AXT's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | AXT Price |
|---|---|
| 9/8/2026 | 67.22 USD |
| 9/4/2026 | 61.64 USD |
| 9/3/2026 | 56.20 USD |
| 9/2/2026 | 56.95 USD |
| 9/1/2026 | 56.11 USD |
| 8/31/2026 | 60.61 USD |
| 8/30/2026 | 60.99 USD |
| 8/28/2026 | 60.44 USD |
| 8/27/2026 | 66.43 USD |
| 8/26/2026 | 65.18 USD |
| 8/25/2026 | 67.45 USD |
| 8/24/2026 | 64.49 USD |
| 8/21/2026 | 70.74 USD |
| 8/20/2026 | 73.12 USD |
| 8/19/2026 | 75.61 USD |
| 8/18/2026 | 84.46 USD |
| 8/14/2026 | 81.64 USD |
| 8/13/2026 | 77.45 USD |
| 8/12/2026 | 78.47 USD |
| 8/11/2026 | 73.78 USD |
| 8/10/2026 | 76.05 USD |
| 8/7/2026 | 88.58 USD |
| 8/6/2026 | 75.17 USD |
| 8/5/2026 | 71.07 USD |
| 8/4/2026 | 66.10 USD |
| 8/3/2026 | 68.67 USD |
| 7/31/2026 | 60.43 USD |
| 7/30/2026 | 46.94 USD |
| 7/29/2026 | 39.22 USD |
| 7/27/2026 | 46.47 USD |
AXT Revenue, EBIT, Net Income
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AXT Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 85.00 | 83.00 | 77.00 | 81.00 | 98.00 | 102.00 | 83.00 | 95.00 | 137.00 | 141.00 | 75.00 | 99.00 | 88.00 | 221.00 | 482.00 | 786.00 |
| -3.41 | -2.35 | -7.23 | 5.19 | 20.99 | 4.08 | -18.63 | 14.46 | 44.21 | 2.92 | -46.81 | 32.00 | -11.11 | 151.14 | 118.10 | 63.07 |
| 12.94 | 20.48 | 20.78 | 32.10 | 34.69 | 36.27 | 28.92 | 31.58 | 34.31 | 36.88 | 17.33 | 23.23 | 12.50 | 12.50 | 12.50 | 12.50 |
| 11.00 | 17.00 | 16.00 | 26.00 | 34.00 | 37.00 | 24.00 | 30.00 | 47.00 | 52.00 | 13.00 | 23.00 | 11.00 | 27.63 | 60.25 | 98.25 |
| -7.00 | -2.00 | -4.00 | 6.00 | 12.00 | 12.00 | – | 4.00 | 13.00 | 13.00 | -21.00 | -14.00 | -21.00 | 43.00 | 112.00 | 160.00 |
| -8.24 | -2.41 | -5.19 | 7.41 | 12.24 | 11.76 | – | 4.21 | 9.49 | 9.22 | -28.00 | -14.14 | -23.86 | 19.46 | 23.24 | 20.36 |
| -7.00 | -1.00 | -2.00 | 5.00 | 10.00 | 9.00 | -1.00 | 3.00 | 14.00 | 15.00 | -17.00 | -11.00 | -21.00 | 46.00 | 120.00 | 178.00 |
| -333.33 | -85.71 | 100.00 | -350.00 | 100.00 | -10.00 | -111.11 | -400.00 | 366.67 | 7.14 | -213.33 | -35.29 | 90.91 | -319.05 | 160.87 | 48.33 |
| 32.63 | 32.56 | 31.95 | 33.73 | 40.45 | 39.20 | 39.64 | 42.04 | 42.75 | 42.71 | 42.85 | 43.38 | 44.72 | 44.72 | 44.72 | 44.72 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales AXT generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue AXT retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare AXT's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares AXT has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against AXT's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
AXT stock margins
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AXT Stock Revenue, EBIT, Earnings per Share
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AXT business model & stock analysis
AXT SWOT Analysis
Strengths
One of AXT Inc's strengths is its strong market position in the semiconductor industry. This enables the company to attract a large customer base and maintain stable revenues.
The company has a diverse product portfolio, offering a wide range of high-quality compound semiconductor substrates. This diversification reduces dependency on a single product and helps mitigate risks.
Weaknesses
One of the weaknesses of AXT Inc is its reliance on a limited number of major customers, which exposes the company to a higher level of customer concentration risk. Any potential loss of a major customer could significantly impact revenue.
The company's manufacturing processes are complex and require significant expertise. This poses a challenge in terms of training and retaining skilled employees.
Opportunities
The growing demand for semiconductors presents an opportunity for AXT Inc to increase sales and expand its market share. The company can capitalize on the rising adoption of advanced technologies such as 5G, IoT, and electric vehicles that rely heavily on semiconductors.
Expanding into new geographic markets, particularly in emerging economies, can also offer growth opportunities for AXT Inc.
Threats
The semiconductor industry is highly competitive, with many established players and constant technological advancements. AXT Inc faces the threat of increased competition, which could potentially affect its market share and pricing power.
Changes in regulations, trade policies, or geopolitical issues can also pose threats to AXT Inc's business, as they can impact supply chain dynamics and market conditions.
AXT Employees
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AXT Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
AXT historical P/E ratio, EBIT multiple, and P/S ratio
AXT annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
AXT shares outstanding
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Current AXT forecasts and price targets in September 2026
Analyst Price Targets 2026AXT Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 7/31/2026 | Upgrade | HoldBuy | 70 | |
| 7/31/2026 | Maintained | Neutral | – | |
| 7/28/2026 | Maintained | Neutral | – | |
| 5/1/2026 | Maintained | Outperform | 58 | |
| 4/29/2026 | Maintained | Outperform | 58 | |
| 2/20/2026 | Maintained | Outperform | 58 | |
| 2/20/2026 | Maintained | Neutral | – | |
| 1/20/2026 | Downgrade | BuyHold | 70 | |
| 1/9/2026 | Downgrade | BuyNeutral | – | |
| 10/31/2025 | Maintained | Buy | 70 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
AXT Earnings Calls
AXT Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 7/30/2026 | 0.08USD | - | 34.77 MUSD | - | 2026 Q2 |
| 4/30/2026 | -0.05USD | - | 26.74 MUSD | - | 2026 Q1 |
| 2/19/2026 | -0.06USD | - | 25.68 MUSD | - | 2025 Q4 |
| 4/25/2024 | -0.13USD | - | 18.33 MUSD | - | 2024 Q1 |
| 2/14/2024 | -0.15USD | - | 17.92 MUSD | - | 2023 Q4 |
| 7/26/2023 | 0.09USD | - | 33.84 MUSD | - | 2023 Q2 |
| 4/26/2023 | 0.05USD | - | 30.16 MUSD | - | 2023 Q1 |
| 2/14/2023 | 0.03USD | - | 29.34 MUSD | - | 2022 Q4 |
| 10/27/2022 | 0.09USD | - | 36.01 MUSD | - | 2022 Q3 |
| 7/28/2022 | 0.08USD | - | 40.65 MUSD | - | 2022 Q2 |
EESG©
Eulerpool ESG Scorecard© for the AXT stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
AXT shareholder structure
| % | Name |
|---|---|
4.47562% | |
4.20292% | |
3.81581% | |
3.64840% | |
2.77689% | |
2.66304% |
AXT Beneficial Ownership Filings (SEC 13D/G)
AXT Executives and Management Board
6 members · avg. age 78 · 0 % women
Dr. Morris Young (80)
Chairman of the Board, Chief Executive Officer · since 1989
920,841.00 USD
Management
Mr. Gary Fischer (74)
Chief Financial Officer, Vice President, Corporate Secretary
Mr. Leslie Green
Investor Relations · since 2019
Board of Directors
Mr. Leonard Leblanc (84)
Independent Director
Dr. Jesse Chen (67)
Lead Independent Director · since 1998
Dr. David Chang (83)
Independent Director
AXT Supply Chain
AXT Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.78 | 0.69 | 0.61 | ||
| 2 | 0.54 | 0.68 | 0.60 | ||
| 3 | 0.88 | 0.29 | 0.40 | ||
| 4 | 0.83 | 0.64 | 0.31 |
Frequently asked questions about AXT
The main competitors of AXT Inc in the market are [competitor 1], [competitor 2], and [competitor 3]. [Competitor 1] is a leading company in the same industry as AXT Inc, offering similar products and services. [Competitor 2] is another key player known for its competitive offerings in the market. [Competitor 3] is a strong competitor, providing tough competition to AXT Inc. In the highly competitive market, AXT Inc has been able to differentiate itself through its unique product innovations and customer-centric approach. However, it constantly monitors and adapts to its competitors' strategies to maintain its market position.
The business model of AXT Inc revolves around manufacturing and supplying compound semiconductor substrates worldwide. AXT Inc specializes in growing and fabricating various semiconductor materials, including substrates such as gallium arsenide, gallium nitride, and indium phosphide. These substrates are widely used in applications like wireless communications, LED lighting, and solar cells. By leveraging their expertise in crystal growth and manufacturing capabilities, AXT Inc aims to meet the increasing demand for advanced semiconductor materials in industries that require high-performance and reliable technologies.
AXT Inc is primarily active in the semiconductor industry.
AXT Inc is a US-based company specializing in the design, development, and manufacturing of compound and single element semiconductor substrates. Founded in 1985, AXT Inc has established itself as a leading provider of high-performance materials used in the production of various electronic devices. Over the years, the company has expanded its product portfolio and grown its customer base, serving industries such as telecommunications, computing, and consumer electronics. With a commitment to innovation and quality, AXT Inc remains at the forefront of the semiconductor industry, continually adapting to meet the evolving needs of its customers and the market.
AXT Inc has achieved several significant milestones throughout its history. Some notable achievements include expanding its product portfolio to include a wide range of compound substrates and becoming a leading provider in the semiconductor industry. Additionally, the company has successfully extended its reach into various global markets, establishing a strong presence internationally. AXT Inc has also diversified its customer base, forging partnerships with major technology companies. With continuous innovation and a commitment to quality, the company has built a reputation for delivering high-performance solutions to meet the ever-evolving demands of the industry.
AXT Inc is primarily present in multiple countries and regions. The company has a strong global presence with operations in the United States, China, South Korea, and Europe. AXT Inc has established manufacturing facilities and distribution centers in these regions, enabling it to cater to a diverse customer base worldwide. With its advanced technology solutions, AXT Inc has successfully penetrated various markets and has become a trusted name in the semiconductor industry.
AXT Inc represents values and a corporate philosophy based on innovation, collaboration, and commitment to customer success. As a leading manufacturer of compound semiconductor substrates, AXT Inc prioritizes technological advancements, continuously developing cutting-edge solutions for global customers. Their commitment to collaboration manifests in strong partnerships with clients, supply chain partners, and research institutes, fostering creativity and breakthroughs. AXT Inc's corporate philosophy is rooted in integrity, accountability, and customer-centricity, ensuring the highest quality products and services. By leveraging their expertise, AXT Inc strives to empower customers, enabling them to meet current and future challenges in various high-growth markets.
Analysts currently set an average price target of 16.83 USD for the AXT stock (median: 18.36 USD), implying -75.6 % versus the latest price. The consensus is based on 11 analyst ratings.
11 analysts currently rate the AXT stock: 9 recommend buying, 2 holding and 0 selling. For 2026, analysts expect AXT to generate revenue of 221.20 M USD and earnings per share of 1.04 USD.
Converted at the current exchange rate, the AXT share trades at 57.78 EUR (67.22 USD).
The AXT share (AXTI) is listed on 5 stock exchanges, including: NASDAQ (AXTI), Frankfurt (AHV.F), München (AHV.MU), Düsseldorf (AHV.DU), SIX (Zürich) (AHV.SW).
AXT Inc is a US-American company specializing in the manufacturing and distribution of semiconductor materials and equipment. The company was founded in 1986 and is headquartered in Fremont, California. AXT Inc's business model includes several divisions, including the manufacturing of semiconductor materials, substrate manufacturing, and providing equipment and related services. AXT Inc offers a wide range of materials, including III-V semiconductor materials such as gallium arsenide, indium phosphide, gallium nitride, and aluminum gallium nitride. These materials are used in various applications, including the production of LEDs, laser diodes, solar cells, and high-frequency amplifiers. In addition to manufacturing semiconductor materials, AXT Inc also offers substrates used in the production of semiconductor devices. These substrates include silicon, silicon carbide, sapphire, and other materials. AXT Inc also provides a wide range of equipment and services specifically tailored to the semiconductor industry. This equipment includes various types of epitaxy furnaces, sputtering systems, lasers, wafer saws, testing equipment, and many others. The company also offers consulting services and technical support. AXT Inc's main goal is to provide its customers with high-quality semiconductor materials and equipment that are reliable and meet the technological requirements of the customers. The company works closely with its customers and offers close collaboration in the development of new products and applications. AXT Inc places great emphasis on continuous improvement of its products and services and works hard to meet the needs of its customers. In terms of AXT Inc's product range, the company specializes in semiconductor materials used in various applications. Products include wafers made of GaAs, InP, GaN, AlGaN, SiC, and other materials. AXT Inc also offers laser diodes, photodetectors, and other semiconductor devices. AXT Inc has a strong distribution network and works closely with its customers to ensure that products and services meet expectations. The company has a strong presence in the US market and is also expanding its customer base in Asia and Europe. The company is constantly striving to expand its business and explore new customers and markets. Overall, AXT Inc is a leading provider of semiconductor materials and equipment with a wide product range and a strong customer base. The company specializes in meeting the needs of the semiconductor industry and works hard to provide high-quality products and services that meet technological requirements.
The expected revenue of AXT is 221.20 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of AXT is 46.40 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of AXT is currently 64.78. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the AXT stock.
The price-to-sales ratio (P/S) of AXT is currently 13.59. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the AXT stock.
The Eulerpool Quality Score for AXT is 1/10.
The ISIN of AXT is US00246W1036. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of AXT is 914410. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of AXT is AXTI. The ticker symbol is used to trade AXT shares on the stock exchange.
AXT paid dividends every year for the past 0 years.
AXT is assigned to the 'Information technology' sector.
The dividends of AXT are distributed in USD.
AXT stock
AXT Peer Group
AXT Ticker
AXT FIGI
All fundamentals and in-depth analysis of AXT
Our stock analysis for AXT stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of AXT. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.