AXT, Inc. (AXTI)Technology | Semiconductor Equipment & Materials | Fremont, United States | NasdaqGS
58.63 USD
-8.29
(-12.388%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 59.36 +0.73 (1.245%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:50 a.m. EDT
The immediate outlook is bullish, driven by a powerful convergence of earnings momentum and speculative capital inflow. AXTI has surged on AI-driven demand and a massive earnings beat, pushing the price well above its 50-day moving average. The options market confirms this sentiment: traders are building a wall of call open interest at the $80 and $100 strikes, effectively setting a floor for a parabolic move, while the recent drop in put volume suggests the fear of a crash is subsiding. However, the long-term picture remains mixed due to the company's precarious financial structure. Despite the impressive 165% revenue growth and positive operating margins, the business is burning cash with negative free cash flow and a trailing P/E that is mathematically undefined due to negligible earnings. This creates a classic 'growth at a reasonable price' trap where the market is pricing in perfection. While the short-term catalyst of AI expansion and the resulting options flow support a strong buy rating for the coming months, the lack of profitability and cash generation prevents a higher long-term rating, capping the thesis at a solid buy based on momentum rather than intrinsic value. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.446710 |
| AutoETS | 0.490701 |
| AutoARIMA | 0.494948 |
| AutoTheta | 0.963411 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 24% |
| H-stat | 20.46 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.542 |
| Excess Kurtosis | -0.80 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 10.667 |
| Revenue per Share | 2.473 |
| Market Cap | 3,844,557,568 |
| Trailing P/E | 1954.33 |
| Forward P/E | 26.34 |
| Beta | 1.93 |
| Profit Margins | 3.23% |
| Website | https://www.axt.com |
As of Aug. 22, 2026, 1:50 a.m. EDT: Speculators are aggressively positioning for a significant upside breakout. Call open interest walls are stacked at strikes 80, 100, and 105, while put volume has dried up relative to calls in the near term. The massive spike in implied volatility for deep out-of-the-money puts indicates a fear of a crash, yet the actual trading flow (volume vs open interest) shows heavy buying of calls at the money and slightly out-of-the-money, suggesting traders are betting on a continuation of the recent rally rather than a reversal.
| Attribute | Value |
|---|---|
| 52 Week Change | 19.40244 |
| Address1 | 4,281 Technology Drive |
| All Time High | 143.16 |
| All Time Low | 0.66 |
| Ask | 67.28 |
| Ask Size | 1 |
| Audit Risk | 8 |
| Average Daily Volume10 Day | 9,991,440 |
| Average Daily Volume3 Month | 10,421,990 |
| Average Volume | 10,421,990 |
| Average Volume10Days | 9,991,440 |
| Beta | 1.933 |
| Bid | 50.98 |
| Bid Size | 1 |
| Board Risk | 7 |
| Book Value | 13.767 |
| City | Fremont |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 58.63 |
| Current Ratio | 4.765 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 65.4155 |
| Day Low | 58.5 |
| Debt To Equity | 10.667 |
| Display Name | AXT |
| Earnings Call Timestamp End | 1,785,443,400 |
| Earnings Call Timestamp Start | 1,785,443,400 |
| Earnings Timestamp | 1,785,441,600 |
| Earnings Timestamp End | 1,793,304,000 |
| Earnings Timestamp Start | 1,793,304,000 |
| Ebitda | 13,448,000 |
| Ebitda Margins | 0.10715 |
| Enterprise To Ebitda | 301.045 |
| Enterprise To Revenue | 32.256 |
| Enterprise Value | 4,048,448,512 |
| Eps Current Year | 0.868 |
| Eps Forward | 2.226 |
| Eps Trailing Twelve Months | 0.03 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 65.6286 |
| Fifty Day Average Change | -6.9986 |
| Fifty Day Average Change Percent | -0.10663948 |
| Fifty Two Week Change Percent | 1,940.2439 |
| Fifty Two Week High | 143.16 |
| Fifty Two Week High Change | -84.53 |
| Fifty Two Week High Change Percent | -0.5904582 |
| Fifty Two Week Low | 2.83 |
| Fifty Two Week Low Change | 55.800003 |
| Fifty Two Week Low Change Percent | 19.717316 |
| Fifty Two Week Range | 2.83 - 143.16 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 895,757,400,000 |
| Float Shares | 61,608,463 |
| Forward Eps | 2.226 |
| Forward P E | 26.338724 |
| Free Cashflow | -44,417,000 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 1,541 |
| Fullday Change | -8.29 |
| Fullday Change Percent | -12.3879 |
| Fullday Price | 59.36 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.32184 |
| Gross Profits | 40,394,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0398 |
| Held Percent Institutions | 0.73017 |
| Implied Shares Outstanding | 65,573,212 |
| Industry | Semiconductor Equipment & Materials |
| Industry Disp | Semiconductor Equipment & Materials |
| Industry Key | semiconductor-equipment-materials |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. 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. It also offers 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, laser machining, cutting and drilling, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers. In addition, the company provides 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 offers 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. |
| Long Name | AXT, Inc. |
| Market | us_market |
| Market Cap | 3,844,557,568 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_383981 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 3,877,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 4,388,159,347 |
| Number Of Analyst Opinions | 5 |
| Open | 65.29 |
| Operating Cashflow | -5,761,000 |
| Operating Margins | 0.21902001 |
| Overall Risk | 5 |
| Payout Ratio | 0.0 |
| Peg Ratio | 12.09 |
| Phone | 510 438 4700 |
| Post Market Change | 0.72999954 |
| Post Market Change Percent | 1.2450956 |
| Post Market Price | 59.36 |
| Post Market Time | 1,787,961,598 |
| Previous Close | 66.92 |
| Price Eps Current Year | 67.54609 |
| Price Hint | 2 |
| Price To Book | 4.2587347 |
| Price To Sales Trailing12 Months | 30.631727 |
| Profit Margins | 0.0323 |
| Quick Ratio | 3.612 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -8.29 |
| Regular Market Change Percent | -12.3879 |
| Regular Market Day High | 65.4155 |
| Regular Market Day Low | 58.5 |
| Regular Market Day Range | 58.5 - 65.4155 |
| Regular Market Open | 65.29 |
| Regular Market Previous Close | 66.92 |
| Regular Market Price | 58.63 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 8,260,575 |
| Return On Assets | 0.0034 |
| Return On Equity | 0.01012 |
| Revenue Growth | 1.648 |
| Revenue Per Share | 2.473 |
| Sand P52 Week Change | 0.1966995 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 65,573,212 |
| Shares Percent Shares Out | 0.16399999 |
| Shares Short | 10,751,824 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 11,021,279 |
| Short Name | AXT Inc |
| Short Percent Of Float | 0.1712 |
| Short Ratio | 0.93 |
| Source Interval | 15 |
| State | CA |
| Symbol | AXTI |
| Target High Price | 125.0 |
| Target Low Price | 55.0 |
| Target Mean Price | 91.6 |
| Target Median Price | 93.0 |
| Total Cash | 417,198,016 |
| Total Cash Per Share | 6.499 |
| Total Debt | 101,530,000 |
| Total Revenue | 125,509,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.03 |
| Trailing P E | 1,954.3334 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 53.18395 |
| Two Hundred Day Average Change | 5.4460526 |
| Two Hundred Day Average Change Percent | 0.1024003 |
| Type Disp | Equity |
| Volume | 8,260,575 |
| Website | https://www.axt.com |
| Zip | 94,538 |