AXT INCAXTIEarnings & Financial Report
AXT Inc designs, manufactures and sells high-performance compound semiconductor substrates, including gallium arsenide, indium phosphide and germanium wafers. Its products power optoelectronic and radio frequency devices for global communications, consumer electronics and industrial end markets.
AXTI Q1 FY2026 Key Financial Metrics
Revenue
$26.9M
Gross Profit
$8.0M
Operating Profit
$17.4M
Net Profit
N/A
Gross Margin
29.6%
Operating Margin
64.5%
Net Margin
N/A
YoY Growth
39.1%
AXT INC Q1 FY2026 Financial Summary
AXT INC reported revenue of $26.9M (up 39.1% YoY) for Q1 FY2026, with a net profit of N/A (N/A margin). Cost of goods sold was $18.9M.
Key Financial Metrics
| Total Revenue | $26.9M |
|---|---|
| Net Profit | N/A |
| Gross Margin | 29.6% |
| Operating Margin | 64.5% |
| Report Period | Q1 FY2026 |
AXT INC Annual Revenue by Year
AXT INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $88.3M).
AXT INC Quarterly Revenue & Net Profit History
AXT INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $26.9M | +39.1% | N/A | N/A |
| Q4 FY2025 | $23.0M | -8.2% | $-3.5M | -15.4% |
| Q3 FY2025 | $28.0M | +18.2% | $-1.9M | -6.8% |
| Q2 FY2025 | $18.0M | -35.6% | $-7.0M | -39.0% |
| Q1 FY2025 | $19.4M | -14.7% | $-8.8M | -45.5% |
| Q4 FY2024 | $25.1M | +22.9% | $-5.1M | -20.3% |
| Q3 FY2024 | $23.6M | +36.2% | $-2.9M | -12.4% |
| Q2 FY2024 | $27.9M | +50.2% | $-1.5M | -5.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.9M | $23.6M | $25.1M | $19.4M | $18.0M | $28.0M | $23.0M | $26.9M |
| YoY Growth | 50.2% | 36.2% | 22.9% | -14.7% | -35.6% | 18.2% | -8.2% | 39.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $349.4M | $355.6M | $339.3M | $333.5M | $329.0M | $334.0M | $433.8M | $444.6M |
| Liabilities | $86.3M | $89.4M | $84.4M | $87.3M | $88.4M | $93.6M | $99.1M | $107.6M |
| Equity | $199.7M | $200.7M | $192.8M | $185.0M | $179.7M | $179.1M | $273.3M | $298.4M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $843000 | $-5.4M | $1.3M | $-3.3M | $-4.6M | $-9.2M | $4.3M |