Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
AXTI 
AXT Inc (AXTI)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
10/28/2025: AXTI (3-star) is a STRONG-BUY. BUY since 47 days. Simulated Profits (134.04%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $3.82
1 Year Target Price $3.82
| 4 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 34.47% | Avg. Invested days 27 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 285.51M USD | Price to earnings Ratio - | 1Y Target Price 3.82 |
Price to earnings Ratio - | 1Y Target Price 3.82 | ||
Volume (30-day avg) 5 | Beta 2.26 | 52 Weeks Range 1.13 - 6.66 | Updated Date 10/27/2025 |
52 Weeks Range 1.13 - 6.66 | Updated Date 10/27/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.54 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-10-30 | When - | Estimate -0.122 | Actual - |
Profitability
Profit Margin -27.69% | Operating Margin (TTM) -37.53% |
Management Effectiveness
Return on Assets (TTM) -4.9% | Return on Equity (TTM) -10.42% |
Valuation
Trailing PE - | Forward PE 24.21 | Enterprise Value 251504194 | Price to Sales(TTM) 3.32 |
Enterprise Value 251504194 | Price to Sales(TTM) 3.32 | ||
Enterprise Value to Revenue 2.92 | Enterprise Value to EBITDA 75.63 | Shares Outstanding 46124935 | Shares Floating 37832124 |
Shares Outstanding 46124935 | Shares Floating 37832124 | ||
Percent Insiders 7.14 | Percent Institutions 34.33 |
Upturn AI SWOT
AXT Inc
Company Overview
History and Background
AXT Inc. was founded in 1986. Initially focused on silicon wafers, it shifted to compound semiconductor substrates, specializing in indium phosphide (InP) and gallium arsenide (GaAs). Over time, AXT expanded its manufacturing capabilities and product portfolio to serve a broader range of applications.
Core Business Areas
- Substrate Manufacturing: Production of high-performance compound semiconductor substrates, primarily InP and GaAs, used in various electronic and optoelectronic devices.
- Raw Materials Sourcing: Sourcing of raw materials, including gallium and indium, critical for substrate manufacturing.
Leadership and Structure
The leadership team consists of Morris Young (CEO) and Gary Fischer (CFO). The organizational structure is based on functional departments such as manufacturing, sales, and R&D.
Top Products and Market Share
Key Offerings
- Indium Phosphide (InP) Substrates: InP substrates are used in optical communication devices, lasers, and detectors. The market is highly competitive, with competitors like Sumitomo Electric and IQE. AXT is a major player but exact market share data is difficult to ascertain publicly. Revenue from InP accounts for a significant portion of AXT's business.
- Gallium Arsenide (GaAs) Substrates: GaAs substrates are utilized in power amplifiers, RF switches, and LEDs. Competitors include Freiberger Compound Materials and II-VI Incorporated. Similar to InP, precise market share figures are proprietary. GaAs substrates also make up a significant revenue stream.
Market Dynamics
Industry Overview
The compound semiconductor market is driven by the demand for high-performance devices in optical communications, wireless communications, and power electronics. The industry is characterized by technological advancements and intense competition.
Positioning
AXT is positioned as a leading supplier of high-quality InP and GaAs substrates. Its competitive advantage lies in its manufacturing expertise, cost-effective production, and strategic relationships with key customers.
Total Addressable Market (TAM)
The TAM for compound semiconductor substrates is estimated to be in the billions of dollars. AXT is well-positioned to capture a share of this market by focusing on its core competencies and expanding its product offerings.
Upturn SWOT Analysis
Strengths
- Strong manufacturing expertise
- Cost-effective production
- Established customer relationships
- High-quality products
- Vertically Integrated
Weaknesses
- Concentration on specific substrates (InP and GaAs)
- Dependence on specific end markets
- Relatively small scale compared to larger competitors
- Geopolitical risk due to location of some facilities
Opportunities
- Expansion into new substrate materials (e.g., GaN)
- Penetration of emerging markets (e.g., electric vehicles)
- Development of new applications for existing substrates
- Increased demand for high-performance devices in 5G and IoT
Threats
- Intense competition from established players
- Technological disruptions
- Economic downturns
- Geopolitical instability
- Fluctuations in raw material prices
Competitors and Market Share
Key Competitors
- IQE (IQE.L)
- II-VI Incorporated (COHR)
- Sumitomo Electric (6963.T)
Competitive Landscape
AXT faces stiff competition, but its specialized expertise and cost-effective production provide a competitive edge.
Growth Trajectory and Initiatives
Historical Growth: AXT's growth has been driven by demand for its substrates in optical and wireless communication applications.
Future Projections: Future growth is dependent on technological advancements and market adoption of new applications. Analyst estimates should be reviewed for the most up-to-date projections.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity and developing new substrate materials.
Summary
AXT Inc is a key player in the compound semiconductor substrate market, with strengths in manufacturing expertise and established customer relationships. However, it faces challenges related to its concentrated product portfolio and competition. Opportunities exist in expanding into new materials and markets. Investors should monitor risks such as technological changes and geopolitical instability for its Chinese facilities.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company financial reports, industry analysis reports, analyst estimates, AXT Inc. website.
- YCharts, Google Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About AXT Inc
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 1998-05-21 | Co-Founder, CEO & Chairman Dr. Morris S. Young Ph.D. | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 1527 | Website https://www.axt.com |
Full time employees 1527 | Website https://www.axt.com | ||
AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LEDs, screen displays using micro-LEDs, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, laser machining, cutting and drilling, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. It sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.