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AXT Inc(AXTI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AXTI
11/13/2026: AXTI (2-star) is currently NOT-A-BUY. Pass it for now.
AXT Inc. is a specialized manufacturer of compound semiconductor substrates, including indium phosphide and gallium arsenide, critical for fiber optics, 5G networks, and high-speed communications. The company's primary strength lies in its deep expertise in complex crystal growth, which has allowed it to secure a meaningful position in the global semiconductor supply chain. While the business is well-positioned for growth in 5G and sensing technologies, it faces significant risks related to geographic manufacturing concentration and cyclical demand. Investors should monitor trade policy impacts and the company's ability to diversify its manufacturing footprint. This stock is best suited for growth-oriented investors aware of the high volatility associated with semiconductor materials.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | AXT offers exposure to secular growth in semiconductors but remains subject to high industry volatility. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit strong price trends during cycles of high demand for communication infrastructure components. |
| Value investor | Mixed fit | Valuation fluctuates significantly based on the earnings cycle of the semiconductor industry. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | High volatility and operational risks make this stock inappropriate for conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is highly sensitive to shifts in the semiconductor cycle and news regarding trade policy. |
| Valuation risk | Medium / high | Earnings volatility makes traditional valuation metrics difficult to use consistently. |
| Competition risk (Geopolitical/Material) | High | Intense competition and reliance on China-based operations create exposure to geopolitical instability. |
| Business quality | Medium | While the company holds a strong technical niche, its profitability is often constrained by high operating costs. |
| Dividend income | Low / none | Investors should not expect income, as the company reinvests all capital. |
| Execution risk | Medium | Maintaining yield and quality in complex material science requires constant operational excellence. |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.86B USD | Price to earnings Ratio 88.86 | 1Y Target Price 91.5 |
Price to earnings Ratio 88.86 | 1Y Target Price 91.5 | ||
Volume (30-day avg) 10.9M shares | Beta 2.01 | 52 Weeks Range 8.44 - 143.16 | Updated Date 11/13/2026 |
52 Weeks Range 8.44 - 143.16 | Updated Date 11/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.49 |
Sector & Industry Intelligence
Sector
Technology
Caution- Sentiment
- Near Bearish
- Momentum
- Rapid Breadth Deterioration
- BUY participation
- 30.1%
- Active BUY / eligible
- 37 / 123
- 30-Day BUY Count Change
- -42
- Market state
- Weak Bullish / Near Bearish
BUY participation is falling rapidly, suggesting elevated market vulnerability.
Industry
Semiconductor Equipment & Materials
- BUY participation
- 0.0%
- Active BUY / eligible
- 0 / 8
- 30-Day BUY Count Change
- -6
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 93.41% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| InP Substrate Sales | Wafers for high-speed communications and 5G. | This is the primary growth driver for modern network connectivity. |
| GaAs Substrate Sales | Wafers for wireless, LEDs, and consumer power electronics. | This provides the baseline revenue stream for many consumer electronics products. |
| Geography | Operations concentrated in China serving global markets. | Investors must monitor trade relations and regional economic policies. |
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 2026-10-29 | When After Market | Estimate 0.3 | Actual 0.39 |
Profitability
Profit Margin 18.53% | Operating Margin (TTM) 19.56% |
Management Effectiveness
Return on Assets (TTM) 2.69% | Return on Equity (TTM) 6.12% |
Valuation
Trailing PE 88.86 | Forward PE 19.8 | Enterprise Value 2.64B | Price to Sales(TTM) 16.7 |
Enterprise Value 2.64B | Price to Sales(TTM) 16.7 | ||
Enterprise Value to Revenue 15.47 | Enterprise Value to EBITDA 77.05 | Shares Outstanding 65.57M | Shares Floating 61.22M |
Shares Outstanding 65.57M | Shares Floating 61.22M | ||
Percent Insiders 4.03 | Percent Institutions 80.85 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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