AXT, Inc.
NASDAQ•AXTI
CEO: Dr. Morris S. Young Ph.D.
板块: Technology
行业: Semiconductors
上市日期: 1998-05-21
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, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. 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.
联系方式
市值
$2.82B
市盈率 (TTM)
-135.0
46.9
股息率
--
52周最高
$71.49
52周最低
$1.13
52周范围
排名44Top 53.8%
3.7
F-Score
改良版 Piotroski 分析
基于 10 年期基本面
疲弱 • 3.7 / 9 分
评分区间 (0-9)
8-9: 价值优异
6-7: 基本面强劲
4-5: 整体稳健
0-3: 表现疲弱
数据范围: 2016-2025
财务仪表盘
Q4 2025 数据
营业收入
$23.04M+0.00%
近4季度走势
每股收益
-$0.08+0.00%
近4季度走势
自由现金流
$1.26M+0.00%
近4季度走势
2025 Annual 财报亮点
核心亮点
Financing Boosts Liquidity Financing activities provided $107.1M, driven by $95.2M common stock offering in December 2025, increasing cash reserves.
Substrate Sales Decline Wafer substrate sales decreased $8.8M (13.1%) to $58.9M in 2025, primarily resulting from lower germanium wafer sales volume.
Gross Margin Significantly Compressed Gross profit fell $12.6M (52.8%) to $11.2M in 2025; margin compressed to 12.7% due to lower revenue spreading fixed costs.
R&D Spending Decreases Research and development expenses dropped $5.5M (37.8%) to $9.0M in 2025, reflecting reduced material usage for new product testing.
关注风险
North America Sales Plummet North America revenue dropped $5.9M (77.5%) to $1.7M in 2025, heavily impacted by China's InP export restrictions announced in February 2025.
China Export Permits Remain Challenge InP export permits remain uncertain, creating anxiety for customers and impacting revenue generation, especially for US sales.
Shareholder Litigation Pending Putative shareholder class action filed in 2024 remains pending; derivative lawsuit appeals are currently being briefed in the Ninth Circuit.
Raw Materials Revenue Decline Raw materials revenue fell $2.2M (6.9%) to $29.4M in 2025, due to reduced purified gallium sales despite pBN crucible revenue increase.
前瞻展望
Tongmei STAR Market IPO Tongmei IPO remains subject to CSRC review and approval; company hopes to accomplish listing goal in the coming months.
Promote InP Strengths Strategically Intends to promote "best in class" InP wafer capabilities, anticipating increased demand from cloud data centers and AI applications.
Fund Export Capacity Expansion Net proceeds from the December 2025 offering will financially support Tongmei's efforts to increase indium phosphide export capacity worldwide.
Increase Manufacturing Efficiencies Will seek to leverage China-based manufacturing advantages by increasing efficiencies in methods, systems, and processes via continuous improvement.
同行对比
营业收入 (TTM)
$2.35B
$545.94M
$390.30M
毛利率 (最新季度)
78.6%
75.1%
74.2%
关键指标
股票代码 | 市值 | 市盈率 (TTM) | 净资产收益率 (TTM) | 负债率 |
|---|---|---|---|---|
| AXTI | $2.82B | -135.0 | -10.4% | 15.1% |
| LPTH | $559.72M | -26.3 | -70.2% | 6.9% |
| NVEC | $370.58M | 26.2 | 23.5% | 2.8% |
长期趋势
近4季度
营业收入
净利润
经营现金流
4季度营收复合增长率
6.0%
稳定增长
4季度净利润复合增长率
N/M
盈利状态转变
现金流稳定性
25%
现金流需要关注
深度研究
下次财报:2026年4月23日
每股收益:-$0.05
|营业收入:$26.22M
财务数据
电话会议
财务报告
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利润表
资产负债表
现金流量表
财务比率
变化率
利润表 | 过去12个月 |
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无数据