AXT Inc (AXTI) Stock

About AXT Inc

AXT Inc (AXTI) stock trades at $52.08 with a market capitalization of $3.42B. The stock is valued at a price-to-earnings (P/E) ratio of 3625.94, price-to-book of 5.98, price-to-sales of 35.04. Over the past 52 weeks the stock has ranged between $4.00 and $143.16, and currently trades 63.6% below its 52-week high.

On profitability, AXT Inc generates a return on equity (ROE) of 1.00%, return on capital employed of 0.40%, an operating margin of -13.85%, a net profit margin of 3.23%.

AXT Inc by the numbers, 2016–2025

Between 2016 and 2025 AXT Inc reported revenue of $81.0M rising to $88.0M, a change of +8.6% across 10 years. Compounded, revenue has grown -1.5% a year over five years, -14.5% over three, -11.1% over the last twelve months. Net profit fell to $-21.0M.

Operating margin went from 7.9% in 2016 to -24.9% in 2025, a fall of 32.8 percentage points. The most recent net margin is 3.23%. On a trailing twelve-month basis to Jun '26, revenue is $126.0M and net profit $3.0M.

Borrowings stand at $65.0M, cash from operations was $-13.0M in the latest year, positive in 6 of the last 10.

Return on equity has averaged -1.7% over five years, and was -7.7% in the most recent year.

The share price itself has compounded at 57.8% a year over five years, 217.5% over three, 5218.2% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

AXT Inc (AXTI) — frequently asked questions