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Upturn AI SWOT - About
AXTI 
AXT Inc (AXTI)
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Upturn Advisory Summary
09/16/2025: AXTI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
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 -18.3% | Avg. Invested days 22 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 183.58M 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 2.1 | 52 Weeks Range 1.13 - 4.19 | Updated Date 09/15/2025 |
52 Weeks Range 1.13 - 4.19 | Updated Date 09/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.59 |
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 - | When - | Estimate - | 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 203534262 | Price to Sales(TTM) 2.13 |
Enterprise Value 203534262 | Price to Sales(TTM) 2.13 | ||
Enterprise Value to Revenue 2.36 | Enterprise Value to EBITDA 75.63 | Shares Outstanding 46124900 | Shares Floating 37947078 |
Shares Outstanding 46124900 | Shares Floating 37947078 | ||
Percent Insiders 7.12 | Percent Institutions 34.34 |
Upturn AI SWOT
AXT Inc
Company Overview
History and Background
AXT, Inc. was founded in 1986 and is headquartered in Fremont, California. Initially focused on providing high-performance compound semiconductor substrates, it has grown through strategic acquisitions and technological advancements to become a key supplier of these materials for various applications.
Core Business Areas
- Raw Materials: AXT produces high-purity raw materials such as gallium, indium, and arsenic, which are crucial for the manufacturing of compound semiconductor substrates.
- Epiwafer Manufacturing: AXT produces single-element and compound semiconductor substrates including indium phosphide (InP) and gallium arsenide (GaAs) to be later used for epiwafer manufacturing
- Advanced Substrates: AXT manufactures compound semiconductor substrates including indium phosphide (InP) and gallium arsenide (GaAs).
Leadership and Structure
Morris Young serves as the Chief Executive Officer and Chairman. The company operates with a functional organizational structure, with departments focused on sales, marketing, research and development, and manufacturing.
Top Products and Market Share
Key Offerings
- Gallium Arsenide (GaAs) Substrates: GaAs substrates are used in power amplifiers for wireless communications, LED lighting, and solar cells. AXT holds a significant market share but faces competition from Sumitomo Electric and Freiberger Compound Materials. Revenue is not broken out separately.
- Indium Phosphide (InP) Substrates: InP substrates are essential for optical communication devices, lasers, and detectors. AXT has a strong position in this market, with competitors such as JX Nippon Mining & Metals and IQE. Revenue is not broken out separately.
- Germanium (Ge) Substrates: Ge substrates are used for high efficiency multi-junction solar cells in space and terrestrial applications. Competitors include Umicore and 5N Plus. Revenue is not broken out separately.
Market Dynamics
Industry Overview
The compound semiconductor substrate market is driven by increasing demand for high-performance electronic and optoelectronic devices in telecommunications, data centers, automotive, and renewable energy.
Positioning
AXT is positioned as a leading global supplier of high-performance compound semiconductor substrates, particularly for InP and GaAs applications. Its competitive advantages include its proprietary manufacturing processes and long-standing customer relationships.
Total Addressable Market (TAM)
The total addressable market for compound semiconductor substrates is estimated to be in the billions of dollars. AXT is positioned to capture a significant portion of this market, especially in the telecommunications and data center segments.
Upturn SWOT Analysis
Strengths
- High-quality products
- Established customer relationships
- Proprietary manufacturing processes
- Global presence
Weaknesses
- Dependence on a few key customers
- Exposure to cyclical industry trends
- Limited diversification beyond compound semiconductors
Opportunities
- Growing demand for 5G infrastructure
- Expansion in data centers
- Increasing adoption of electric vehicles
- Development of advanced optoelectronic devices
Threats
- Intense competition
- Fluctuations in raw material prices
- Technological disruptions
- Geopolitical risks
Competitors and Market Share
Key Competitors
- IQE (IQE.L)
- Sumitomo Electric (6911.T)
- JX Nippon Mining & Metals (5020.T)
Competitive Landscape
AXT competes on product quality, technological innovation, and customer service. The company is relatively strong in InP substrates.
Major Acquisitions
Opto Technology
- Year: 2000
- Acquisition Price (USD millions): 13.7
- Strategic Rationale: Expanded AXT's product portfolio to include LED epitaxial wafers and devices.
Growth Trajectory and Initiatives
Historical Growth: AXT has experienced moderate growth driven by demand for its core products and expansion into new markets.
Future Projections: Analyst estimates suggest continued growth, driven by increasing demand for 5G infrastructure and data center applications.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, developing new products, and strengthening customer relationships.
Summary
AXT Inc. is a key player in the compound semiconductor substrate market, benefiting from the increasing demand for its products in telecommunications and data centers. While it faces intense competition and cyclical industry trends, its strengths in product quality and customer relationships position it for future growth. Geopolitical risks and raw material price fluctuations should be closely monitored, as well as customer concentration.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions are subject to change.
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.
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