The financials
AXT, Inc. by the numbers
AXT, Inc. (AXTI) reported revenue of $48M in Q2 2026 (quarter ended Jun 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 Q2 2026 was China at $31M, 65% of the disclosed total, well ahead of Europe at 19%.
| 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 |
|---|---|---|
| China | $31M | 65% |
| Europe | $9.2M | 19% |
| Asia Pacific Excluding China Taiwan And Japan | $3.5M | 7.3% |
| Taiwan | $2.5M | 5.2% |
| Japan | $1.5M | 3.1% |
| North America | $161K | 0.3% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $47.6M (+77%)
Asia Pacific Excluding China Taiwan And Japan grew +717% year on yearNorth America -28% year on year
Segment Latestquarter on quarteryear on year
- China$30.8M$30.8MQoQ +86%year on year +113%+86%+113%
- Europe$9.2M$9.2MQoQ +60%year on year +473%+60%+473%
- Asia Pacific Excluding China Taiwan And Japan$3.5M$3.5MQoQ +60%year on year +717%+60%+717%
- Taiwan$2.5M$2.5MQoQ +255%year on year +368%+255%+368%
- Japan$1.5M$1.5MQoQ -5.4%year on year +108%-5.4%+108%
- North America$161.0K$161.0KQoQ -22%year on year -28%-22%-28%
Semiconductor Equipment & Materials
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