AXT, Inc. (AXTI)财务
NASDAQ · Technology · Semiconductors · 员工1,541人 · CEO Morris S. Young
- 股价
- $55.06 -9.56%
- 市值
- $36.1亿
- 企业价值
- $32亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-18 EPS预期 $0.57
营收(TTM)$1.71亿+89.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)19.6%+46.4 百分点 对比去年同期营业利润 $3340万
净利润(TTM)$3170万+239.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)–– 对比去年同期资本支出 –
稀释EPS(TTM)$0.46+187.4% 对比去年同期最近4个季度之和
净现金$4.39亿+1,181.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $36.1亿 EV $32亿
- 营收
- $1.71亿 过去12个月
- 营收增速
- +171% FY2026年一致预期
- 净利润率
- 18.5% 净利润 / 营收,TTM
- P/E
- 117.5× 预期 46.7×(FY2026)
- P/S
- 21.1× 股价 / 营收,TTM
- EV / EBITDA
- 67.4× TTM
- 自由现金流
- – 过去12个月
- 净利润
- $3170万 过去12个月
- 营收预期
- $2.39亿 FY2026年一致预期
- 盈利
- 2027-02-18 营收预期 $9150万
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期11.2%,EPS 超预期33.1%营收$7340万,预期$6600万(+11.2%);EPS $0.41,预期$0.31(+33.1%)。
- 营收增长加速:同比162.6%Q3 '26营收$7340万,此前四个季度的平均值为53.5%。
- 营业利润率19.6%(TTM),较去年同期+46.4 百分点营收增长89.1%,营业利润增长237.5%。
- 税前利润的25.8%来自营业外收益税前利润$4510万,营业利润$3340万(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 稀释股数一年内增加50.2%Q3 '26稀释股数6590万,一年前为4380万。
- 净现金 $4.39亿现金 + 短期投资 $5.13亿,含租赁债务 $7370万;一年前净债务 $4060万。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $7340万 | $2800万 | +162.6% |
| 毛利率 | 56.0% | 22.3% | +33.7 百分点 |
| 营业利润 | $2840万 | -$112万 | +2,631.3% |
| 营业利润率 | 38.7% | -4.0% | +42.7 百分点 |
| 净利润 | $2570万 | -$191万 | +1,449.6% |
| 稀释EPS | $0.39 | -$0.04 | +976.4% |
| 经营现金流 | – | -$915万 | – |
| 资本支出 | – | $218万 | – |
| 自由现金流 | – | -$1130万 | – |
| R&D | $394万 | $101万 | +289.3% |
| 股权激励费用 | – | $73.8万 | – |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $7340万 | $6600万 | +11.2% |
| EPS(一致预期口径) | $0.41 | $0.31 | +33.1% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Substrates | $3760万 | +232.7% | 78.9% | $9340万 | – | |
| Raw Materials and Other | $1000万 | +50.0% | 21.1% | $4040万 | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| CHINA | $3080万 | +112.8% | 64.8% | $7460万 | – | |
| Europe | $915万 | +473.1% | 19.2% | $2230万 | – | |
| TAIWAN | $248万 | +368.5% | 5.2% | $1450万 | – | |
| Asia Pacific Excluding China, Taiwan and Japan | $349万 | +717.1% | 7.3% | $769万 | – | |
| North America | $16.1万 | -28.1% | 0.3% | $74.3万 | – | |
| JAPAN | $146万 | +107.7% | 3.1% | $649万 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 自由现金流
- –
- 股东回报 / FCF
- –
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 117.5× | 18.5× 5年中的2年 | 11.8× – 25.2× |
| EV / EBITDA | 67.4× | 10.1× 5年中的2年 | 6.6× – 13.7× |
| EV / 营收 | 18.7× | 2.8× | 1.2× – 7.5× |
| 股价 / FCF | -184.5× | – | – |
| 股价 / 净资产 | 3.8× | 1.2× | 0.5× – 2.6× |
| FCF收益率 | -0.5% | -11.6% | -20.2% – -2.6% |
| 投入资本回报率 | 2.5% | -1.9% | -6.5% – 4.0% |
| 净资产收益率 | 5.4% | -1.7% | -8.8% – 7.1% |
分析师
一致目标价 $101.67 (+84.7%)
区间 $90.00 – $125.00 · 评级 Buy
强烈买入0
买入8
持有3
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $2.39亿 | +170.7% | $1.18 | +340.4% | 46.7× | 3 |
| FY2027 | $5.29亿 | +121.4% | $2.65 | +125.3% | 20.7× | 3 |
| FY2028 | $8.4亿 | +58.7% | $4.18 | +57.6% | 13.2× | 1 |
| FY2029 | $12.8亿 | +52.5% | $0.00 | -100.0% | – | 0 |
| FY2030 | $13.8亿 | +7.9% | $0.00 | – | – | 0 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
AXT, Inc.在近期10-Q / 10-K文件中标记的全部260项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $10万2026-06-30 | $20万 | -50.0% | – | – | – | |
| Accounts Payable, Current | $1440万2026-06-30 | $1120万 | +27.9% | $1290万 | $1240万 | +4.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3670万2026-06-30 | $2280万 | +60.9% | $2680万 | $2560万 | +4.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $23万2026-06-30 | $14.7万 | +56.5% | $16.4万 | $14.7万 | +11.6% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $0 | $0 | – |
| Accretion (Amortization) of Discounts and Premiums, Investments | -$3.4万2026-06-30 | $0 | – | $0 | $0 | – |
| Accrual for Taxes Other than Income Taxes, Current | $38.9万2026-06-30 | $57.3万 | -32.1% | $49.4万 | $39.9万 | +23.8% |
| Accrued Income Taxes, Current | $227万2026-06-30 | $37.1万 | +512.1% | $84.1万 | $12.7万 | +562.2% |
| Accrued Liabilities, Current | $2710万2026-06-30 | $1240万 | +118.7% | $1480万 | $1460万 | +1.7% |
| Accrued Professional Fees, Current | $95.9万2026-06-30 | $60.9万 | +57.5% | $102万 | $146万 | -29.9% |
| Accrued Salaries, Current | $447万2026-06-30 | – | – | – | – | – |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$467万2026-06-30 | -$717万 | +34.9% | -$530万 | -$866万 | +38.8% |
| Additional Paid in Capital | $9.44亿2026-06-30 | $2.43亿 | +288.7% | $3.4亿 | $2.42亿 | +40.7% |
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $3.23万2026-06-30 | – | – | $645万 | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $76.2万2026-06-30 | $60.7万 | +25.5% | $311万 | $265万 | +17.5% |
| Area of Real Estate Property | 19,467 sqft2025-12-31 | 19,467 sqft | 0.0% | 19,467 sqft | 19,467 sqft | 0.0% |
| Asset Impairment Charges | $02026-06-30 | $0 | – | $4.8万 | $0 | – |
| Assets | $11亿2026-06-30 | $3.29亿 | +233.5% | $4.34亿 | $3.39亿 | +27.8% |
| Assets, Current | $5.99亿2026-06-30 | $1.45亿 | +313.1% | $2.47亿 | $1.58亿 | +55.8% |
| Cash and Cash Equivalents, at Carrying Value | $4.12亿2026-06-30 | $2700万 | +1,426.1% | $1.2亿 | $2280万 | +426.7% |
| Cash and Cash Equivalents, Fair Value Disclosure | $4.45亿2026-06-30 | $3510万 | +1,168.2% | $1.28亿 | $3380万 | +279.7% |
| Cash, Cash Equivalents, and Short-term Investments | $7.51亿2026-06-30 | – | – | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.45亿2026-06-30 | $3510万 | +1,168.2% | $1.28亿 | $3380万 | +279.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $4.45亿2026-06-30 | $3510万 | +1,168.2% | $1.28亿 | $3380万 | +279.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.87亿2026-06-30 | -$308万 | +12,688.5% | $9460万 | -$1630万 | +680.0% |
| Common Stock, Capital Shares Reserved for Future Issuance | 457万2025-12-31 | 675万 | -32.4% | 457万 | 675万 | -32.4% |
| Common Stock, Par or Stated Value Per Share | $0.002026-06-30 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 1.2亿 | 7000万 | +71.4% | 7000万 | 7000万 | 0.0% |
| Common Stock, Shares, Issued | 6560万2026-06-30 | 4610万 | +42.3% | 5530万 | 4540万 | +22.0% |
| Common Stock, Shares, Outstanding | 6560万2026-06-30 | 4610万 | +42.3% | 5530万 | 4540万 | +22.0% |
| Common Stock, Value, Issued | $6.6万2026-06-30 | $4.6万 | +43.5% | $5.5万 | $4.5万 | +22.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $224万2026-06-30 | -$41万 | +647.1% | -$110万 | -$78.1万 | -40.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1110万2026-06-30 | -$595万 | +285.9% | -$1790万 | -$1430万 | -25.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1330万2026-06-30 | -$636万 | +309.2% | -$1900万 | -$1510万 | -26.1% |
| Construction in Progress Expenditures Incurred but Not yet Paid | $70002026-06-30 | $0 | – | $113万 | $85.7万 | +31.6% |
| Construction in Progress, Gross | $3400万2026-06-30 | $2160万 | +57.4% | $2350万 | $2350万 | -0.2% |
| Construction Payable, Current | $148万2026-06-30 | – | – | – | – | – |
| Contract with Customer, Asset, before Allowance for Credit Loss | $02025-09-30 | – | – | – | – | – |
| Contract with Customer, Liability | $1270万2026-06-30 | – | – | – | – | – |
| Contract with Customer, Liability, Current | $1210万2026-06-30 | $33.1万 | +3,548.9% | $10.3万 | $159万 | -93.5% |
| Contract with Customer, Liability, Noncurrent | $02025-12-31 | – | – | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | $10002026-06-30 | $2.9万 | -96.6% | $160万 | $15.6万 | +925.6% |
| Contract with Customer, Refund Liability, Current | $4.8万2025-12-31 | $2.8万 | +71.4% | $4.8万 | $2.8万 | +71.4% |
| Cost of Revenue | $2620万2026-06-30 | $1650万 | +58.5% | $7710万 | $7550万 | +2.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $3000 | -100.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $164万 | $91万 | +80.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $165万 | $93.1万 | +76.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $7000 | $1.8万 | -61.1% |
| Customer Refund Liability, Current | $2.1万2026-06-30 | – | – | – | – | – |
| Debt Securities, Available-for-sale | $3.04亿2026-06-30 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $5.8万2026-06-30 | – | – | $50002020-12-31 | $6000 | -16.7% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $191万2026-06-30 | – | – | $2万2023-12-31 | $30.3万 | -93.4% |
| Debt Securities, Available-for-sale, Amortized Cost | $3.05亿2026-06-30 | – | – | $216万2023-12-31 | $1180万 | -81.6% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $3亿2026-06-30 | – | – | $216万2022-12-31 | $964万 | -77.6% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $504万2026-06-30 | – | – | $216万2023-12-31 | $960万 | -77.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $02026-06-30 | – | – | $214万2023-12-31 | $899万 | -76.2% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $02026-06-30 | – | – | $2万2023-12-31 | $26.1万 | -92.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $2.98亿2026-06-30 | – | – | $212万2022-12-31 | $1220万 | -82.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $191万2026-06-30 | – | – | $4.2万2022-12-31 | $6.1万 | -31.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $2.99亿2026-06-30 | – | – | $212万2022-12-31 | $958万 | -77.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02