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Side-by-side financial comparison of AXT INC (AXTI) and Canaan Inc. (CAN). Click either name above to swap in a different company.
AXT INC is the larger business by last-quarter revenue ($26.9M vs $20.8M, roughly 1.3× Canaan Inc.).
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.
Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.
AXTI vs CAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.9M | $20.8M |
| Net Profit | — | $-3.8M |
| Gross Margin | 29.6% | 99.9% |
| Operating Margin | 64.5% | -15.9% |
| Net Margin | — | -18.4% |
| Revenue YoY | 39.1% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $-0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $26.9M | — | ||
| Q4 25 | $23.0M | $20.8M | ||
| Q3 25 | $28.0M | $13.8M | ||
| Q2 25 | $18.0M | $11.4M | ||
| Q1 25 | $19.4M | — | ||
| Q4 24 | $25.1M | — | ||
| Q3 24 | $23.6M | $10.2M | ||
| Q2 24 | $27.9M | $4.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.5M | $-3.8M | ||
| Q3 25 | $-1.9M | $-1.5M | ||
| Q2 25 | $-7.0M | $-11.9M | ||
| Q1 25 | $-8.8M | — | ||
| Q4 24 | $-5.1M | — | ||
| Q3 24 | $-2.9M | $-10.4M | ||
| Q2 24 | $-1.5M | $-5.4M |
| Q1 26 | 29.6% | — | ||
| Q4 25 | 20.9% | 99.9% | ||
| Q3 25 | 22.3% | 99.9% | ||
| Q2 25 | 8.0% | 99.9% | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 24.0% | 99.9% | ||
| Q2 24 | 27.4% | 99.8% |
| Q1 26 | 64.5% | — | ||
| Q4 25 | -16.6% | -15.9% | ||
| Q3 25 | -4.0% | -27.0% | ||
| Q2 25 | -37.5% | -45.5% | ||
| Q1 25 | -53.1% | — | ||
| Q4 24 | -24.6% | — | ||
| Q3 24 | -14.4% | -77.2% | ||
| Q2 24 | -6.8% | -193.9% |
| Q1 26 | — | — | ||
| Q4 25 | -15.4% | -18.4% | ||
| Q3 25 | -6.8% | -11.0% | ||
| Q2 25 | -39.0% | -104.4% | ||
| Q1 25 | -45.5% | — | ||
| Q4 24 | -20.3% | — | ||
| Q3 24 | -12.4% | -102.7% | ||
| Q2 24 | -5.4% | -112.3% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.09 | $-0.05 | ||
| Q3 25 | $-0.04 | $-0.02 | ||
| Q2 25 | $-0.16 | $-0.25 | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $107.1M | — |
| Total DebtLower is stronger | — | $6.2M |
| Stockholders' EquityBook value | $298.4M | $52.4M |
| Total Assets | $444.6M | $92.5M |
| Debt / EquityLower = less leverage | — | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.1M | — | ||
| Q4 25 | $120.3M | — | ||
| Q3 25 | $23.1M | — | ||
| Q2 25 | $27.0M | — | ||
| Q1 25 | $31.6M | — | ||
| Q4 24 | $22.8M | — | ||
| Q3 24 | $24.9M | — | ||
| Q2 24 | $29.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2M | ||
| Q3 25 | — | $6.2M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $298.4M | — | ||
| Q4 25 | $273.3M | $52.4M | ||
| Q3 25 | $179.1M | $44.7M | ||
| Q2 25 | $179.7M | $33.8M | ||
| Q1 25 | $185.0M | — | ||
| Q4 24 | $192.8M | — | ||
| Q3 24 | $200.7M | $43.6M | ||
| Q2 24 | $199.7M | $56.8M |
| Q1 26 | $444.6M | — | ||
| Q4 25 | $433.8M | $92.5M | ||
| Q3 25 | $334.0M | $81.7M | ||
| Q2 25 | $329.0M | $78.0M | ||
| Q1 25 | $333.5M | — | ||
| Q4 24 | $339.3M | — | ||
| Q3 24 | $355.6M | $69.3M | ||
| Q2 24 | $349.4M | $73.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
