AXT, Inc.
AXT, Inc. (Nasdaq: AXTI) develops and produces high-performance compound and single-element semiconductor substrates, or wafers, for applications where silicon does not meet device performance requirements. Its substrates include indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge), used in optical… From the company’s description.
Over the twelve months to Jun 30, 2026, AXT, Inc. reported revenue of $125.51M, up 45.8% from a year earlier, and net income of $6.03M. Its operating margin was 3.1%, and operations used $5.76M in cash. In fiscal 2025, it reported revenue of $88.33M, down 11.1% from fiscal 2024, and a net loss of $23.20M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What AXT, Inc. does
In the company’s own words
AXT, Inc. (Nasdaq: AXTI) develops and produces high-performance compound and single-element semiconductor substrates, or wafers, for applications where silicon does not meet device performance requirements. Its substrates include indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge), used in optical communications and data centers, wireless and satellite communications, LEDs, lasers, sensors and solar cells. AXT also sells raw materials, including purified gallium, InP base material and pyrolytic boron nitride crucibles. Its customers include epitaxial-layer companies, wafer fabrication and device manufacturers, raw-material buyers, universities and research organizations across Asia, North America and Europe. The company reports two product groups: substrates, which generated 67% of 2025 revenue, and raw materials, which generated 33%. Its manufacturing is conducted in China through subsidiaries and joint ventures, including Tongmei, which produces substrates and certain raw materials. AXT’s products are made in wafer diameters ranging from one to eight inches, with larger formats in production or qualification. In 2025, consolidated revenue was approximately $__. Its website is https://www.axt.com.
Company details
- Sector
- Information Technology
- Industry (SIC)
- Semiconductors
- Headquarters
- FREMONT, CA
- Fiscal year end
- December
- CIK
- 1051627
- SIC
- 3674
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns AXT, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in AXT, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · AXT, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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