AXT, based in California, makes semiconductor wafers from materials such as indium phosphide and gallium arsenide. They serve as the basis for lasers, optical components for data transmission and high-frequency chips. Manufacturing is mostly in China. As of Oct 16, 2026
As of Oct 16, 2026Fact sheet (from the annual report)Semiconductors (chips) · Fremont, USAfull fact sheet
AXT is a global materials company that develops and manufactures semiconductor substrates, so-called wafers, from compounds and single elements. The wafers replace silicon where its performance is not sufficient; the company does not design or manufacture the chips themselves. They are made of indium phosphide, gallium arsenide or germanium. They are used, for example, in fiber optic networks, data centers, mobile networks, amplifier chips for mobile phones and solar cells. All substrates and raw materials are made by subsidiaries and joint ventures in China; part of the raw materials goes to third-party companies. Customers are companies in Asia, the United States and Europe that deposit a layer on the wafers; no single customer reached a material share of revenue.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gap with volume · Analysis method
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Buy zone: from the start of the gap to the close of the gap day. Stop: just below the low of the gap day. Targets: 3 and 5 ATR (normal daily ranges) above the close of the gap day.
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Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
AXT · Sector Technology · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Mar 17, 2026.
In short
Light red: Revenue shrank over 5 years (−1.5% per year).
Light red: Loss in the last fiscal year.
Light red: Profit in 6 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−50M050M100M150M
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 81.3M USD · Net income 5.6M USD · Net margin 6.9%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 98.7M USD · Net income 10.1M USD · Net margin 10.3%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 102.4M USD · Net income 9.7M USD · Net margin 9.4%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 83.3M USD · Net income −2.6M USD · Net margin −3.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 95.4M USD · Net income 3.2M USD · Net margin 3.4%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 137.4M USD · Net income 14.6M USD · Net margin 10.6%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 141.1M USD · Net income 15.8M USD · Net margin 11.2%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 75.8M USD · Net income −17.9M USD · Net margin −23.6%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 99.4M USD · Net income −11.6M USD · Net margin −11.7%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 88.3M USD · Net income −21.3M USD · Net margin −24.1%
Margin
7%10%9%−3%3%11%11%−24%−12%−24%
RevenueNet incomeNet margin (below)in USD
−20M020M40M60M
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 17.4M USD · Net income −5.8M USD · Net margin −33.5%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 20.4M USD · Net income −3.6M USD · Net margin −17.7%
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 22.7M USD · Net income −2.1M USD · Net margin −9.2%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 27.9M USD · Net income −1.5M USD · Net margin −5.4%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 23.6M USD · Net income −2.9M USD · Net margin −12.4%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 25.1M USD · Net income −5.1M USD · Net margin −20.3% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 19.4M USD · Net income −8.8M USD · Net margin −45.5%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 18.0M USD · Net income −7.0M USD · Net margin −39.0%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 28.0M USD · Net income −1.9M USD · Net margin −6.8%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 23.0M USD · Net income −3.5M USD · Net margin −15.4% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 26.9M USD · Net income −1.6M USD · Net margin −6.0%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 47.6M USD · Net income 11.1M USD · Net margin 23.4%
Margin
−34%−18%−9%−5%−12%−20%−45%−39%−7%−15%−6%23%
Earnings per shareUSD per share
−0.50−0.2500.250.50
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 0.17 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 0.26 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 0.24 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share −0.07 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 0.07 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 0.34 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 0.37 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share −0.42 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share −0.27 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share −0.49 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −0.03 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 0.17 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 88.3M USD · Net income −21.3M USD · Net margin −24.1%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light red: shrinking
−1.5%per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it fell by 1.5% per year on average. The median company in the sector reached +13.5% per year.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light gray: not computable
–per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue there was no profit but a loss of 24.07 USD. Five years ago the margin was 3.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Technology: median 0.46 (65 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 4 loss years
6 of 10fiscal years with a profit
What does this mean? In 6 of the last 10 fiscal years the bottom line showed a profit. 4 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
88.3M USD
Revenue vs. prior year
−11.1%
Net income (FY)
−21.3M USD
Net income vs. prior year
–
EPS (FY)
-0.49 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Mar 17, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
88.3M
−21.3M
−24.1%
−0.49
–
–
2024
Dec 31, 2024
99.4M
−11.6M
−11.7%
−0.27
–
–
2023
Dec 31, 2023
75.8M
−17.9M
−23.6%
−0.42
–
–
2022
Dec 31, 2022
141.1M
15.8M
11.2%
0.37
–
–
2021
Dec 31, 2021
137.4M
14.6M
10.6%
0.34
–
–
2020
Dec 31, 2020
95.4M
3.2M
3.4%
0.07
–
–
2019
Dec 31, 2019
83.3M
−2.6M
−3.1%
−0.07
–
–
2018
Dec 31, 2018
102.4M
9.7M
9.4%
0.24
–
–
2017
Dec 31, 2017
98.7M
10.1M
10.3%
0.26
–
–
2016
Dec 31, 2016
81.3M
5.6M
6.9%
0.17
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
47.6M
11.1M
23.4%
0.17
–
–
Q1/26
Mar 31, 2026
26.9M
−1.6M
−6.0%
−0.03
–
–
Q4/25*
Dec 31, 2025
23.0M
−3.5M
−15.4%
–
–
–
Q3/25
Sep 30, 2025
28.0M
−1.9M
−6.8%
−0.04
–
–
Q2/25
Jun 30, 2025
18.0M
−7.0M
−39.0%
−0.16
–
–
Q1/25
Mar 31, 2025
19.4M
−8.8M
−45.5%
−0.20
–
–
Q4/24*
Dec 31, 2024
25.1M
−5.1M
−20.3%
–
–
–
Q3/24
Sep 30, 2024
23.6M
−2.9M
−12.4%
−0.07
–
–
Q2/24
Jun 30, 2024
27.9M
−1.5M
−5.4%
−0.04
–
–
Q1/24
Mar 31, 2024
22.7M
−2.1M
−9.2%
−0.05
–
–
Q4/23
Dec 31, 2023
20.4M
−3.6M
−17.7%
−0.09
–
–
Q3/23
Sep 30, 2023
17.4M
−5.8M
−33.5%
−0.14
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Insider purchases and sales on the market over 3, 6 and 12 months
Period
Purchases
Sales
Net
3 months
$00 people
$560.9K1 person
−$560.9K
6 months
$00 people
$29.8M4 people
−$29.8M
12 months
$00 people
$78.8M5 people
−$78.8M
Latest transactions
Aug 17, 2026Leblanc Leonard JDirectorOpen-market sale4,000 shares · $384.3K · SEC
Aug 7, 2026Leblanc Leonard JDirectorOpen-market sale2,000 shares · $176.6K · SEC
Jun 15, 2026Chen JesseDirectorOpen-market sale6,172 shares · $711.3K · SEC
Jun 15, 2026Chang David CDirectorOpen-market sale8,333 shares · $926.4K · SEC
Jun 12, 2026Chen JesseDirectorOpen-market sale13,000 shares · $1.2M · SEC
Jun 11, 2026Chen JesseDirectorOpen-market sale9,000 shares · $796.9K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -25
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)24.0
Rel. strength 60 d−16.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
Reuters Reported Samsung Electronics Said It Is Not Reviewing The Possibility Of Issuing American Depositary Receipts, Following Bloomberg Report That The Chipmaker Is Exploring Potential U.S. Share SaleFinnhub · Benzinga · Oct 26, 15:17