AXT, Inc.
AXTITechnologyNASDAQSemiconductor Equipment & Materials
Scan Results
Daily timeframeAXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company carries a $3.00B market cap, placing it firmly in the mid-cap category. The company provides 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.
Market Cap
$3.00B
Beta
1.87
P/E (TTM)
—
P/E (Fwd)
58.95
EPS (TTM)
$-0.32
EPS (Fwd)
$0.78
ROE
-5.0%
ROA
-2.1%
Cash
$107.1M
Total Debt
$77.6M
Free CF
-$25.3M
52W Change
1779.5%
Annual Financials
Cash vs Debt
With $107.1M in cash and $77.6M in debt, AXTI maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$25.3M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -5.0%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has pulled back from $141.1M (2022) to $88.3M (2025), a 37% decline worth watching.
With a beta above 1.5, AXTI tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence AXT, Inc.'s trajectory.