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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$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 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.

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