AXT INC (AXTI)
Information Technology · NASDAQ
A specialty semiconductor substrate manufacturer producing high-performance InP, GaAs, and Ge wafers for data centers, 5G, optoelectronics, and aerospace applications.
What AXT INC does
AXT is a materials science company that develops and produces high-performance compound and single element semiconductor substrates (wafers) used in applications where silicon substrates cannot meet performance requirements. The company manufactures indium phosphide (InP), gallium arsenide (GaAs), and germanium (Ge) wafer substrates, as well as raw materials integral to substrate production through consolidated subsidiaries that produce pyrolytic boron nitride crucibles and purified gallium.
Themes: ["Compound semiconductor substrates","Data center connectivity / optical interconnect","AI infrastructure / high-speed data transfer","5G and fiber optic communications","Optoelectronic devices / LEDs and lasers","Space and satellite applications","Automotive and autonomous vehicle sensors","Photonic integrated circuits","Data centers / hyperscalers","5G infrastructure"]
Fundamentals
- Price$62.55 as of 2026-07-09 close
- Market cap$4.1B as of 2026-07-10
- 1-year return+2362.6% as of 2026-07-09 close
- Net margin-14.7% as of 2026-07-10
- Gross margin+21.3% as of 2026-07-10
- ROE-6.2% as of 2026-07-10
- Debt / equity0.28 as of 2026-07-10
- Revenue growth (YoY)-0.1% as of 2026-07-10
- Revenue CAGR (3y)-14.5% SEC XBRL
- Beta1.92 as of 2026-07-10
Key risks (from latest filing)
["Export restrictions and geopolitical tensions between China and the United States affecting export permits for wafers produced at Chinese manufacturing facilities","Dependence on receipt of significant orders and vulnerability to order cancellations; manufacturing scale-up challenges and capacity utilization constraints at new production sites in China","Product yield variability impacting gross margins; supply chain disruptions from factory shutdowns due to air pollution regulations in China and contagious disease outbreaks"]
Competitors & peers
- Sumitomo Electric Industries
- Wafer Technology Limited
- Akhan Semiconductor
- II-VI Incorporated
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.