The financials
AXT, Inc. by the numbers
AXT, Inc. (AXTI) reported revenue of $48M in Q2 2026 (quarter ended June 30, 2026), up 165% from the same quarter a year earlier. That came with a gross margin of 45% and net income of $11M (23% of revenue). For the full year FY2025, revenue was $88M (−11% year on year) and net income −$21M. Its largest region in 2026-Q1 was CN at $17M, 62% of the disclosed total, just ahead of Europe at 21%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $48M | $18M | +165% |
| Gross profit | $21M | $1.4M | +1391% |
| Operating income | $10M | −$6.7M | to a profit |
| Net income | $11M | −$7.0M | to a profit |
| Diluted EPS | $0.17 | −$0.16 | to a profit |
| Geographic | Revenue | Share |
|---|---|---|
| CN | $17M | 62% |
| Europe | $5.7M | 21% |
| Asia Pacific Excluding China Taiwan And Japan | $2.2M | 8.1% |
| JP | $1.5M | 5.7% |
| TW | $699K | 2.6% |
| North America | $207K | 0.8% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $26.9M (-3.7%)
Asia Pacific Excluding China Taiwan And Japan grew +180% year on yearNorth America -81% year on year
Segment Latestquarter on quarteryear on year
- CN$16.6M$16.6MQoQ +26%year on year +23%+26%+23%
- Europe$5.7M$5.7MQoQ +67%year on year +172%+67%+172%
- Asia Pacific Excluding China Taiwan And Japan$2.2M$2.2MQoQ +529%year on year +180%+529%+180%
- JP$1.5M$1.5MQoQ -17%year on year +115%-17%+115%
- TW$699.0K$699.0KQoQ -92%year on year -43%-92%-43%
- North America$207.0K$207.0KQoQ +48%year on year -81%+48%-81%
- Asia Pacific Excluding Japan And Taiwan--QoQ -year on year ---
Semiconductor Equipment & Materials
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