AXT, Inc.
AXTITechnologyNASDAQSemiconductor Equipment & Materials · Last scanned Sep 8, 2026
Scan Results
Daily timeframeAXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company carries a $4.56B 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
$4.56B
Beta
1.92
P/E (TTM)
2318.67
P/E (Fwd)
31.25
EPS (TTM)
$0.03
EPS (Fwd)
$2.23
ROE
1.0%
ROA
0.3%
Cash
$417.2M
Total Debt
$101.5M
Free CF
-$44.4M
52W Change
1734.5%
Annual Financials
Cash vs Debt
Where AXTI stands vs its 150-day and 200-day moving averages
As of the August 27, 2026 close, AXTI finished 0.64% below its 150-day moving average ($65.60) and 23.21% above its 200-day moving average ($52.90). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is AXTI overbought or oversold?
At the August 27, 2026 close, AXTI's RSI(14) was 44.3, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
AXT, Inc. holds $417.2M in cash against $101.5M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company is burning cash, with free cash flow at -$44.4M. 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 1.0%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.3% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $141.1M (2022) to $88.3M (2025), a 37% decline worth watching.
A beta of 1.92 means AXTI is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. 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. At over 50x earnings, AXTI carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for AXT, Inc. and its sector.