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AXT Inc (AXTI) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS · DATA UPDATED 2026-08-17

AXT Inc (AXTI) operates in the SEMICONDUCTOR EQUIPMENT & MATERIALS industry and is headquartered in Fremont, United States with about 1,541 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, AXTI reported $88M in revenue and ($21M) in net income.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates.

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AXTI Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$126M	$88M	$99M	$76M	$141M	$137M	$95M	$83M	$102M	$99M	$81M	$78M	$83M	$85M	$88M	$104M	$95M	$55M	$73M	$58M	$44M
Gross Profit	$40M	$11M	$24M	$13M	$52M	$47M	$30M	$25M	$37M	$34M	$26M	$17M	$17M	$12M	$25M	$45M	$36M	$14M	$18M	$20M	$13M
Gross Margin %	32.2%	12.7%	24.0%	17.6%	36.9%	34.5%	31.8%	29.8%	36.2%	34.9%	32.4%	21.7%	20.6%	13.9%	28.1%	43.0%	38.2%	25.1%	24.6%	34.8%	28.7%
Operating Income (EBIT)	$4M	($22M)	($15M)	($22M)	$13M	$13M	$4M	$0M	$12M	$13M	$6M	($5M)	($3M)	($8M)	$6M	$27M	$20M	($2M)	$0M	$5M	($4M)
Operating Margin %	3.1%	-24.9%	-14.9%	-28.5%	8.9%	9.4%	4.1%	-0.4%	11.9%	12.8%	7.9%	-6.3%	-3.4%	-9.0%	6.8%	26.4%	21.1%	-2.9%	-0.1%	9.1%	-8.3%
Net Income	$4M	($21M)	($12M)	($18M)	$16M	$15M	$3M	($2M)	$10M	$10M	$6M	($2M)	($1M)	($8M)	$3M	$20M	$19M	($2M)	($1M)	$5M	$1M
Net Margin %	3.2%	-24.1%	-11.7%	-23.6%	11.2%	10.6%	3.4%	-1.9%	9.4%	10.3%	6.9%	-2.9%	-1.7%	-9.3%	3.5%	19.5%	19.5%	-3.4%	-0.9%	9.1%	2.1%
EBITDA	$15M	($11M)	$0M	($9M)	$30M	$25M	$12M	$5M	$17M	$17M	$12M	$1M	$4M	($2M)	$10M	$31M	$23M	$2M	$4M	$9M	($4M)
Earnings Per Share (EPS)	$0.02	$-0.48	$-0.27	$-0.42	$0.37	$0.34	$0.08	$-0.04	$0.24	$0.26	$0.17	$-0.07	$-0.04	$-0.24	$0.09	$0.61	$0.57	$-0.06	$-0.02	$0.17	$0.04
Shares Outstanding (M)	63M	44M	43M	43M	43M	43M	41M	39M	40M	39M	33M	32M	32M	33M	33M	33M	33M	30M	30M	31M	25M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AXTI Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$48M	$27M	$23M	$28M	$18M	$19M	$25M	$24M
Gross Profit	$21M	$8M	$5M	$6M	$1M	($1M)	$4M	$6M
Gross Margin %	44.9%	29.6%	20.9%	22.3%	8.0%	-6.4%	17.6%	24.0%
Operating Income (EBIT)	$10M	($2M)	($4M)	($1M)	($7M)	($10M)	($6M)	($3M)
Operating Margin %	21.9%	-5.9%	-16.6%	-4.0%	-37.5%	-53.1%	-24.6%	-14.4%
Net Income	$11M	($2M)	($4M)	($2M)	($7M)	($9M)	($5M)	($3M)
Net Margin %	23.4%	-6.0%	-15.4%	-6.8%	-39.0%	-45.5%	-20.3%	-12.4%
EBITDA	$13M	$1M	($1M)	$2M	($5M)	($7M)	($3M)	$0M
Earnings Per Share (EPS)	$0.18	$-0.03	$-0.08	$-0.04	$-0.16	$-0.20	$-0.12	$-0.07
Shares Outstanding (M)	63M	53M	45M	44M	44M	44M	43M	43M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AXTI Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	($6M)	($13M)	($12M)	$3M	($9M)	($3M)	$6M	$13M	$3M	$9M	$13M	$2M	$4M	$3M	$21M	$18M	$11M	$5M	($6M)	$1M	($10M)
Capital Expenditures (CapEx)	$14M	$6M	$6M	$10M	$28M	$30M	$20M	$22M	$41M	$21M	$3M	$4M	$2M	$5M	$7M	$13M	$6M	$2M	$7M	$4M	$4M
Free Cash Flow (FCF)	($20M)	($19M)	($18M)	($7M)	($37M)	($33M)	($14M)	($9M)	($37M)	($13M)	$10M	($2M)	$2M	($3M)	$14M	$5M	$5M	$3M	($13M)	($2M)	($15M)
FCF Margin %	-15.6%	-21.3%	-18.0%	-9.3%	-26.4%	-24.0%	-14.7%	-11.0%	-36.4%	-12.9%	12.0%	-2.9%	2.2%	-3.4%	16.1%	4.8%	4.8%	4.9%	-17.1%	-4.1%	-33.1%
Dividends Paid	—	—	—	—	—	$1M	$2M	$6M	$0M	$0M	$0M	$0M	$0M	$2M	$0M	$2M	$1M	$1M	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AXTI Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$11M	($12M)	$4M	($9M)	($5M)	($3M)	$1M	($5M)
Capital Expenditures (CapEx)	$7M	$1M	$3M	$2M	$0M	$1M	$0M	$1M
Free Cash Flow (FCF)	$4M	($13M)	$1M	($11M)	($5M)	($4M)	$1M	($6M)
FCF Margin %	7.5%	-48.5%	5.5%	-40.5%	-27.0%	-19.9%	4.4%	-26.9%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AXTI Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$1.1B	$434M	$339M	$359M	$370M	$332M	$299M	$223M	$224M	$211M	$154M	$152M	$162M	$164M	$168M	$162M	$140M	$108M	$112M	$113M	$98M
Cash & Cash Equivalents	$412M	$120M	$23M	$38M	$35M	$37M	$73M	$27M	$17M	$44M	$36M	$25M	$29M	$25M	$31M	$26M	$24M	$17M	$14M	$18M	$16M
Total Liabilities	$145M	$99M	$84M	$90M	$80M	$52M	$43M	$31M	$29M	$23M	$14M	$14M	$17M	$18M	$17M	$15M	$20M	$11M	$18M	$20M	$17M
Total Debt (Short + Long-Term)	$84M	$63M	$48M	$53M	$48M	$15M	$11M	$6M	$0M	$1M	$0M	$0M	$0M	$0M	$0M	$1M	$0M	$0M	$4M	$7M	$7M
Total Shareholders' Equity	$887M	$273M	$193M	$204M	$222M	$212M	$193M	$188M	$191M	$184M	$140M	$132M	$138M	$140M	$144M	$139M	$116M	$95M	$94M	$93M	$81M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AXTI viewer.

Other Companies in SEMICONDUCTOR EQUIPMENT & MATERIALS

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FORM · FormFactor Inc — $9 billion
CAMT · Camtek Ltd — $7 billion
ACMR · Acm Research Inc — $5 billion
KLIC · Kulicke and Soffa Industries Inc — $4 billion
ACLS · Axcelis Technologies Inc — $3 billion
IPGP · IPG Photonics Corporation — $3 billion
UCTT · Ultra Clean Holdings Inc — $3 billion

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