AXT, Inc. (AXTI) Stock Price & Analysis
AXT, Inc. (AXTI) closed at USD 51.56 on Thursday, October 22, 2026, down 13.02% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 51.56; the Oct 22, 2026 session ranged USD 51–56.72 on volume of 9,908,286 shares. Market capitalization is —, with a 52-week range of USD 4.9–143.16 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AXTI.md
Key facts (AXTI)
- Last four reported quarters (through Jun 30, 2026): revenue $126M, net income $4.1M (3.2% margin), free cash flow -$19.6M (SEC filings).
- 1 of 80 tracked superinvestors hold AXTI (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 9 Form 4 filings, $29.8M; 9 not under a Rule 10b5-1 plan ($29.8M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +895.4% vs S&P 500 +14.9%; 5Y +503.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.31, revenue estimate $66.0M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AXTI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $137M | $141M | $75.8M | $99.4M | $88.3M | $126M |
| Gross profit | $47.4M | $52.1M | $13.3M | $23.8M | $11.2M | — |
| Operating income | $12.9M | $12.6M | -$21.6M | -$14.8M | -$22.0M | $3.9M |
| Net income | $14.6M | $15.8M | -$17.9M | -$11.6M | -$21.3M | $4.1M |
| EPS (diluted) | $0.34 | $0.37 | -$0.42 | -$0.27 | -$0.49 | — |
| Free cash flow | -$33.0M | -$37.2M | -$7.1M | -$17.9M | -$18.8M | -$19.6M |
| Gross margin | 34.5% | 36.9% | 17.6% | 24.0% | 12.7% | — |
| Operating margin | 9.4% | 8.9% | -28.5% | -14.9% | -24.9% | 3.1% |
| Net margin | 10.6% | 11.2% | -23.6% | -11.7% | -24.1% | 3.2% |
| Revenue growth | +44.1% | +2.7% | -46.3% | +31.1% | -11.1% | — |
| Cash + short-term investments | $42.2M | $44.3M | $39.9M | — | $128M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AXTI)
Superinvestors (SEC 13F-HR, Q2 2026) (AXTI)
1 of 80 tracked investors hold AXTI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.03% | $3.8M | Added +6.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (AXTI)
0 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-17 | Leblanc Leonard J | Director | 4,000 | $384K | 3.4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-10…2026-08-07 | Leblanc Leonard J | Director | 2,500 | $221K | 2.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-15 | Chen Jesse | Director | 6,172 | $711K | 10.9% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-15 | Chang David C | Director | 8,333 | $926K | 11.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-11…2026-06-12 | Chen Jesse | Director | 22,000 | $2.0M | 28% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-08…2026-06-10 | Chen Jesse | Director | 16,500 | $1.5M | 17.4% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-03…2026-06-04 | Chen Jesse | Director | 10,133 | $1.1M | 9.6% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-01…2026-06-02 | Young Morris S | CEO | 197,498 | $22.3M | 8.4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-01…2026-06-02 | Chen Jesse | Director | 5,200 | $579K | 4.7% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AXTI)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-31 | B. Riley Securities | Target raised | Neutral | $52 → $55 |
| 2026-07-31 | Needham | Upgrade | Hold → Buy | $90 |
| 2026-07-28 | B. Riley Securities | Target lowered | Neutral | $73 → $52 |
Total return (dividends reinvested) (AXTI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +895.4% | +503.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +903.3% | +43.1% |
| Volatility (annualized) | 150.3% | 90.5% |
| Max drawdown | -73.8% (May 2026→Jul 2026) | -87.8% (Aug 2022→Apr 2025) |
AXTI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Substrates | $37.6M | 78.9% | +232.7% |
| Raw Materials & Other | $10.0M | 21.1% | +50.0% |
| Total revenue | $47.6M | 100% | — |
AXTI revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| China | $30.8M | 64.8% | +112.8% |
| Europe | $9.2M | 19.2% | +473.1% |
| Asia Pacific Excluding China Taiwan & Japan | $3.5M | 7.3% | +717.1% |
| Taiwan | $2.5M | 5.2% | +368.5% |
| Japan | $1.5M | 3.1% | +107.7% |
| North America | $161,000 | 0.3% | -28.1% |
| Total revenue | $47.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AXTI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Beijing Tongmei Xtal Technology | “Additionally, statements regarding completing steps in connection with the proposed listing of shares of our wafer manufacturing company, Beijing Tongmei Xtal Technology Co., Ltd. ("Tongmei"), on the Shanghai Stock Exchange's Sci-Tech innovAtion boaRd (the "STAR Market"), being accepted to list shares of Tongmei on the STAR Market, the timing and completion of such listing of shares of Tongmei on the STAR Market a…” |
| Supplier | The Nasdaq Stock Market | “Delisting from The Nasdaq Global Select Market could also have other negative results, including the potential loss of confidence by customers, suppliers and employees, the loss of institutional investor interest and fewer business development opportunities, as well as the loss of liquidity for our stockholders.” |
| Competitor | Qorvo (QRVO) | “We face competition for our wafer substrate products from other manufacturers of substrates, such as Sumitomo, JX, Freiberger, Umicore, Vital and CCTC, and from companies, such as Qorvo and Skyworks, that are actively considering alternative materials to GaAs and marketing semiconductor devices using these alternative materials.” |
| Competitor | Skyworks (SWKS) | “We face competition for our wafer substrate products from other manufacturers of substrates, such as Sumitomo, JX, Freiberger, Umicore, Vital and CCTC, and from companies, such as Qorvo and Skyworks, that are actively considering alternative materials to GaAs and marketing semiconductor devices using these alternative materials.” |
Quoted from the company's 10-K filed Mar 17, 2026.
AXTI customer concentration
In the period ended Jun 30, 2025, a single direct customer accounted for 11% of revenue, per the company's 10-Q filed Aug 13, 2026. The company does not name it.
AXTI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.31 | $0.11 | +190.6% | $66.0M | 5 |
| Next quarter (ends Dec 2026) | $0.36 | $0.13 | +175.8% | $77.5M | 5 |
| Current fiscal year (ends Dec 2026) | $0.87 | $0.30 | +185.5% | $218.0M | 5 |
| Next fiscal year (ends Dec 2027) | $2.25 | $0.75 | +199.2% | $460.7M | 5 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 51.56 |
|---|---|
| Change | ▼ 13.02% (down) |
| Previous Close | USD 51.56 |
| Open | USD 51.56 |
| Day Range | USD 51 – 56.72 |
| 52-Week Range | USD 4.9 – 143.16 |
| Volume | 9,908,286 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (AXTI)
Nexqual's technical model rates AXTI "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 37.86 (neutral) |
| vs SMA50 | Below (USD 69) |
| MACD | -4.52 (negative) |
Earnings (AXTI)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.31 |
| Revenue Estimate | $66.00M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.19 vs est 0.07 ▲ beat |
| 2026-03-31 | USD -0.01 vs est -0.05 ▲ beat |
| 2025-12-31 | USD -0.05 vs est -0.06 ▲ beat |
| 2025-09-30 | USD -0.03 vs est -0.12 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (AXTI)
| Total Revenue | $125.51M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +164.80% |
| Gross Margin | +32.18% |
| Operating Margin | +21.90% |
| Profit Margin | +3.23% |
| ROE | +1.01% |
| Debt / Equity | 0.11 |
| Current Ratio | 4.77 |
| Total Cash | $417.20M |
| Total Debt | $101.53M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (AXTI)
| Insider Ownership | +3.98% |
|---|---|
| Institutional Ownership | +73.83% |
| Shares Outstanding | 65.57M |
| Float | 61.61M |
| Short % of Float | +17.19% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From AXT, Inc.'s Latest SEC 10-K Filing (filed 2026-03-17)
Key Strengths & Strategy (as disclosed to the SEC)
- We developed a proprietary process technology that enables us to recycle remnants of indium phosphide processing material.
- The government approved the approximately $49 million investment in its entirety on January 25, 2021.
- The crystal growth stage utilizes our proprietary process technology.
- The wafer processing stage also utilizes our proprietary process technology.
Partnerships
- By December 31, 2020, Investors, which consist of 10 private equity funds, had entered into two sets of definitive transaction documents, each consisting of a capital increase agreement along with certain supplemental agreements in substantially the same form (collectively, the "Capital Investment Agreements"), with Tongmei for a total investment of approximately $48.1 million.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in China's political, social, regulatory or economic environments may affect our financial performance.
- The PRC central government may intervene in or influence our PRC operations at any time and the rules and regulations in China can change quickly with little advance notice.
- We face litigation and legal proceedings which could adversely affect our business, financial condition, results of operations or cash flows.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| ACMR | ACM Research, Inc. | USD 49.12 | ▼ 10.18% |
| ACLS | Axcelis Technologies, Inc. | USD 104.74 | ▼ 10.16% |
| KLIC | Kulicke and Soffa Industries, I | USD 73.4 | ▼ 9.86% |
| IPGP | IPG Photonics Corporation | USD 69.41 | ▼ 6.24% |
| AMBA | Ambarella, Inc. | USD 63.12 | ▼ 4.36% |
| VECO | Veeco Instruments Inc. | USD 41.15 | ▼ 11.81% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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