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AXT AXTI Manufacturing Equipment — 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$5.1B+4,825%

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 official record: AXT’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's manufacturing equipment — construction in progress gross?
AXT (AXTI) reported manufacturing equipment — construction in progress gross of $1.4M in Q1 2026.
What does manufacturing equipment — construction in progress gross mean?
This metric represents the total accumulated costs of manufacturing equipment and production infrastructure that are currently under development or installation within the specified segment. It reflects capital investment in future production capacity that has not yet been placed into service or depreciated. Monitoring this balance provides insight into the company's expansion plans and the timing of potential increases in manufacturing output.