AXT, Inc. (AXTI) income statement
NASDAQ · Technology · Semiconductors · 1,541 employees · CEO Morris S. Young
- Price
- $55.06 -9.56%
- Market cap
- $3.61B
- Enterprise value
- $3.2B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-18 EPS est. $0.57
AXT, Inc. (AXTI) reported revenue of $73.4M for Q3 '26 (+162.6% year on year), operating income of $28.4M (38.7% of revenue) and net income of $25.7M. Over the last four quarters revenue was $171M.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.4M | $22.7M | $27.9M | $23.6M | $25.1M | $19.4M | $18M | $28M | $23M | $26.9M | $47.6M | $73.4M | |
| Cost of revenue | $15.8M | $16.6M | $20.3M | $18M | $20.7M | $20.6M | $16.5M | $21.7M | $18.2M | $18.9M | $26.2M | $32.3M | |
| Gross profit | $4.63M | $6.09M | $7.65M | $5.68M | $4.41M | -$1.24M | $1.43M | $6.22M | $4.83M | $7.98M | $21.4M | $41.1M | |
| Research & development | $2.82M | $3.21M | $3.76M | $3.44M | $4.13M | $3.12M | $2.53M | $1.01M | $2.39M | $3.01M | $3.65M | $3.94M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.72M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | |
| Operating expenses | $8.19M | $9.44M | $9.54M | $9.09M | $10.6M | $9.03M | $8.18M | $7.35M | $8.66M | $9.56M | $10.9M | $12.7M | |
| Operating income | -$3.56M | -$3.35M | -$1.89M | -$3.41M | -$6.17M | -$10.3M | -$6.75M | -$1.12M | -$3.83M | -$1.59M | $10.4M | $28.4M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $101K | $4.73M | $5.9M | |
| Interest expense | $384K | $349K | $282K | $391K | $318K | $269K | $202K | $395K | $391K | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$437K | -$1.92M | -$1.09M | -$1.54M | -$939K | -$602K | $148K | -$349K | -$886K | $0 | $0 | -$5.89M | |
| Total non-operating income | $53K | $1.57M | $807K | $1.15M | $621K | $333K | -$350K | -$46K | $495K | $530K | $4.71M | $5.89M | |
| Income before tax | -$3.51M | -$1.77M | -$1.08M | -$2.26M | -$5.54M | -$9.94M | -$7.1M | -$1.17M | -$3.34M | -$1.06M | $15.1M | $34.3M | |
| Income tax | $252K | $274K | $121K | $626K | $113K | $74K | $579K | $504K | $501K | $430K | $2.1M | $4.57M | |
| Net income | -$3.62M | -$2.08M | -$1.52M | -$2.94M | -$5.09M | -$8.8M | -$7.01M | -$1.91M | -$3.55M | -$1.62M | $11.1M | $25.7M | |
| EPS (basic) | -$0.09 | -$0.05 | -$0.04 | -$0.07 | -$0.12 | -$0.20 | -$0.16 | -$0.04 | -$0.08 | -$0.03 | $0.18 | $0.40 | |
| EPS (diluted) | -$0.09 | -$0.05 | -$0.04 | -$0.07 | -$0.12 | -$0.20 | -$0.16 | -$0.04 | -$0.08 | -$0.03 | $0.18 | $0.39 | |
| Shares (basic, weighted) | 42.9M | 43M | 43.1M | 43.2M | 43.4M | 43.6M | 43.7M | 43.8M | 44.7M | 53.3M | 61.2M | 63.8M | |
| Shares (diluted, weighted) | 42.9M | 43M | 43.1M | 43.2M | 43.4M | 43.6M | 43.7M | 43.8M | 44.7M | 53.3M | 63.5M | 65.9M | |
| Depreciation & amortization | $2.3M | $2.19M | $2.25M | $2.3M | $2.24M | $2.22M | $2.26M | $2.31M | $2.32M | $2.44M | $2.51M | $0 | |
| EBITDA | -$825K | $767K | $1.45M | $426K | -$2.98M | -$7.45M | -$4.63M | $1.53M | -$628K | $850K | $12.9M | $34.3M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.3M | $98.7M | $102M | $83.3M | $95.4M | $137M | $141M | $75.8M | $99.4M | $88.3M | |
| Cost of revenue | $55M | $64.2M | $65.4M | $58.4M | $65.1M | $90M | $89M | $62.5M | $75.5M | $77.1M | |
| Gross profit | $26.4M | $34.5M | $37M | $24.8M | $30.3M | $47.4M | $52.1M | $13.3M | $23.8M | $11.2M | |
| Research & development | $5.85M | $4.83M | $5.9M | $5.83M | $7.14M | $10.3M | $13.9M | $12.1M | $14.5M | $9.05M | |
| Operating expenses | $19.7M | $21.8M | $24.9M | $25.1M | $26.3M | $34.5M | $39.6M | $34.9M | $38.6M | $33.2M | |
| Operating income | $6.43M | $12.6M | $12.1M | -$314K | $3.94M | $12.9M | $12.6M | -$21.6M | -$14.8M | -$22M | |
| Interest income | $409K | $461K | $528K | $217K | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $0 | $0 | $0 | $0 | $179K | $213K | $1.07M | $1.53M | $1.34M | $1.26M | |
| Other non-operating income (gains on investments, FX ...) | -$226K | $0 | $0 | $618K | -$3.31M | -$5.13M | -$9.44M | -$4.06M | -$5.49M | -$1.69M | |
| Total non-operating income | -$726K | -$1.79M | -$200K | -$712K | $3.13M | $4.71M | $8.37M | $2.54M | $4.15M | $432K | |
| Income before tax | $5.7M | $10.9M | $11.9M | -$1.03M | $7.07M | $17.6M | $20.9M | -$19M | -$10.7M | -$21.5M | |
| Income tax | $733K | $792K | $938K | $562K | $2.03M | $1.09M | $2.19M | $160K | $1.13M | $1.66M | |
| Net income | $5.64M | $10.1M | $9.65M | -$2.6M | $3.24M | $14.6M | $15.8M | -$17.9M | -$11.6M | -$21.3M | |
| EPS (basic) | $0.17 | $0.27 | $0.25 | -$0.04 | $0.08 | $0.35 | $0.37 | -$0.42 | -$0.27 | -$0.49 | |
| EPS (diluted) | $0.17 | $0.26 | $0.24 | -$0.04 | $0.07 | $0.34 | $0.37 | -$0.42 | -$0.27 | -$0.49 | |
| Shares (basic, weighted) | 32.1M | 37.4M | 39M | 39.5M | 40.2M | 41.4M | 42.1M | 42.6M | 43.2M | 43.9M | |
| Shares (diluted, weighted) | 32.9M | 39M | 40.3M | 39.5M | 41M | 42.7M | 42.7M | 42.6M | 43.2M | 43.9M | |
| Depreciation & amortization | $4.87M | $4.42M | $4.87M | $5.53M | $4.33M | $7.08M | $8.12M | $8.72M | $8.98M | $9.11M | |
| EBITDA | $11.5M | $17.1M | $17M | $4.6M | $11.6M | $25.1M | $30.1M | -$8.78M | -$338K | -$11.2M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02