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AXT, Inc.

NASDAQ•AXTI
執行長: Dr. Morris S. Young Ph.D.
板塊: Technology
行業: 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.
聯絡資訊
4281 Technology Drive, Fremont, CA, 94538, United States
510-438-4700
www.axt.com
市值
$2.96B
本益比 (TTM)
-141.6
53
股息率
--
52周最高
$71.49
52周最低
$1.14
52周範圍
94%
排名44Top 53.8%
3.7
F-Score
改良版 Piotroski 分析
基於 10 年期基本面
疲弱 • 3.7 / 9 分
評分區間 (0-9)
8-9: 價值優異
6-7: 基本面強勁
4-5: 整體穩健
0-3: 表現疲弱
資料區間: 2016-2025

財務儀表板

Q4 2025 數據

營業收入

$23.04M+0.00%
近4季度走勢

每股收益

-$0.08+0.00%
近4季度走勢

自由現金流

$1.26M+0.00%
近4季度走勢

2025 Annual 財報亮點

核心亮點

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.

關注風險

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.

未來展望

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.

同行對比

營業收入 (TTM)

BKKT stock ticker logoBKKT
$2.35B
-32.5%
WALD stock ticker logoWALD
$545.94M
+42.1%
TCX stock ticker logoTCX
$390.30M
+7.7%

毛利率 (最新季度)

NVEC stock ticker logoNVEC
78.6%
-5.7pp
LAW stock ticker logoLAW
75.1%
+2.4pp
RPAY stock ticker logoRPAY
74.2%
-3.4pp

關鍵指標

股票代碼
市值
本益比 (TTM)
股東權益報酬率 (TTM)
負債率
AXTI$2.96B-141.6-10.4%15.1%
LPTH$623.41M-29.3-70.2%6.9%
NVEC$370.72M26.223.5%2.8%

長期趨勢

近4季度
營業收入
淨利
營運現金流
4季度營業收入複合增長率
6.0%
穩定增長
4季度淨利複合增長率
N/M
盈利狀態轉變
現金流穩定性
25%
現金流需要關注

深度研究

下次財報:2026年4月23日
|
每股收益:-$0.05
|
營業收入:$26.22M
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