Wall Street analyst estimates for AXT, Inc. (AXTI): consensus price target and buy/hold/sell recommendations.
AXT, Inc. is a company dedicated to the design, development, production, and worldwide distribution of both compound and single-element semiconductor substrates. Leveraging its proprietary vertical gradient freeze technology, the firm manufactures these essential components.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 8 |
| Hold | 3 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 11 |
| Avg rating (−2 sell to +2 buy) | 0.73 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-29 | $0.31 | ||
| 2026-07-30 | $0.19 | $0.07 | +164.0% |
| 2026-04-30 | $-0.01 | $-0.04 | +75.0% |
| 2026-02-19 | $-0.05 | $-0.04 | -25.0% |
| 2025-10-30 | $-0.03 | $-0.11 | +72.7% |
| 2025-07-31 | $-0.15 | $-0.13 | -15.4% |
| 2025-05-01 | $-0.19 | $-0.13 | -46.2% |
| 2025-02-20 | $-0.10 | $-0.04 | -150.0% |
Valuation Ratios
| P/E Ratio | 103.71 |
| Price / Book | 3.32 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.3M | $98.7M | $102.4M | $83.3M | $95.4M | $137.4M | $141.1M | $75.8M | $99.4M | $88.3M |
| Cost of Revenue | $55.0M | $64.2M | $65.3M | $58.4M | $65.1M | $90.0M | $89.0M | $62.5M | $75.5M | $77.1M |
| Gross Profit | $26.4M | $34.5M | $37.0M | $24.8M | $30.3M | $47.4M | $52.1M | $13.3M | $23.8M | $11.2M |
| Research & Development | $5.8M | $4.8M | $5.9M | $5.8M | $7.1M | $10.3M | $13.9M | $12.1M | $14.5M | $9.0M |
| Selling, General & Admin | $13.9M | $17.0M | $19.0M | $19.3M | $19.2M | $24.2M | $25.7M | $22.8M | $24.1M | $24.2M |
| Operating Expenses | $19.7M | $21.8M | $24.9M | $25.1M | $26.3M | $34.5M | $39.6M | $34.9M | $38.6M | $33.2M |
| Operating Income | $6.4M | $12.6M | $12.1M | -$314,000 | $3.9M | $12.9M | $12.6M | -$21.6M | -$14.8M | -$22.0M |
| EBITDA | $11.5M | $17.1M | $17.0M | $4.6M | $11.6M | $25.1M | $30.1M | -$8.8M | -$338,000 | -$11.2M |
| Interest Expense | 0 | 0 | 0 | 0 | $179,000 | $213,000 | $1.1M | $1.5M | $1.3M | $1.3M |
| Pre-tax Income | $5.7M | $10.9M | $11.9M | -$1.0M | $7.1M | $17.6M | $20.9M | -$19.0M | -$10.7M | -$21.5M |
| Income Tax | $733,000 | $792,000 | $938,000 | $562,000 | $2.0M | $1.1M | $2.2M | $160,000 | $1.1M | $1.7M |
| Net Income | $5.6M | $10.1M | $9.7M | -$2.6M | $3.2M | $14.6M | $15.8M | -$17.9M | -$11.6M | -$21.3M |
| EPS | $0.17 | $0.27 | $0.25 | -$0.04 | $0.08 | $0.35 | $0.37 | -$0.42 | -$0.27 | -$0.49 |
| EPS (Diluted) | $0.17 | $0.26 | $0.24 | -$0.04 | $0.07 | $0.34 | $0.37 | -$0.42 | -$0.27 | -$0.49 |
| Shares Outstanding (Diluted) | 32.9 M | 39.0 M | 40.3 M | 39.5 M | 41.0 M | 42.7 M | 42.7 M | 42.6 M | 43.2 M | 43.9 M |
Price
| Price | $47.54 (closing price, November 4, 2026) |
| Market Cap | $3.1B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Technology · Semiconductors
More sections of AXTI: Overview · Financials · Valuation · Technical · Ownership
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