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AXT AXTI Dingxing And Kazuo — Construction In Progress Gross

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Other financials

Income statement

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Revenue$26.9M+39.1%
Gross profit-$1.2M-120%
Operating income-$10.3M-207%
Net income-$1.5M+83.1%
EPS (diluted)-$0.20-300%

Balance sheet

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Cash & equivalents$41.8M+32.2%
Total debt$65.7M+23.6%
Total equity$274.9M+48.6%
Total assets$444.6M+33.3%

Cash flow

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Operating cash flow-$11.7M-249%
CapEx$1.4M+169%
Free cash flow-$13.1M-239%

Valuation

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Market cap$4.92B+5,110%
Enterprise value$4.94B+3,984%
P/S51.3×+50.2×

Profitability

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Gross margin17.2%-0.9pp
Operating margin-22.6%-2.5pp
Net margin-15.3%-2.5pp
FCF margin-30.5%

Returns & leverage

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Return on equity-6.4%-1.6pp
Debt / equity0.2×0.0×
Current ratio2.6×+0.6×

Where this comes from

Reported directly by AXT in its filing.

Tagged under the XBRL concept us-gaap:ConstructionInProgressGross.

The source filing: AXT’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-017054

As of March 31, 2026, the balance of construction in progress was $25.4 million, of which $18.7 million was related to our buildings in our new Dingxing and Kazuo locations, $1.4 million was for manufacturing equipment purchases not yet placed in service and $5.3 million was for construction in progress for our other consolidated subsidiaries. As of December 31, 2025, the balance of construction in progress was $23.5 million, of which $18.3 million was related to our buildings in our Dingxing and Kazuo locations, $1.3 million was for manufacturing equipment purchases not yet placed in service and $3.8 million was for our construction in progress for our other consolidated subsidiaries.

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FAQ

What is AXT's dingxing and kazuo — construction in progress gross?
AXT (AXTI) reported dingxing and kazuo — construction in progress gross of $18.7M in Q1 2026.
What does dingxing and kazuo — construction in progress gross mean?
This metric represents the total historical cost of capital projects currently under development within the Dingxing and Kazuo manufacturing facilities that have not yet been placed into service. It serves as a key indicator of the company's investment in expanding production capacity or upgrading infrastructure for compound semiconductor substrate manufacturing. Monitoring this balance provides insight into the scale of future operational growth and the timing of potential capacity additions.

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