AXT (AXTI) reported D&A of $2.44M in Q1 2026.

How has AXT's D&A changed year-over-year?

AXT's D&A increased by 9.5% year-over-year, from $2.22M to $2.44M.

What is the long-term trend for AXT's D&A?

Over 4 years (2021 to 2025), AXT's D&A has grown at a 6.5% compound annual growth rate (CAGR), from $7.08M to $9.11M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

AXT AXTI D&A

D&A at other companies

Veeco InstrumentsVECO

$5.04M0.0%

Rogers CorporationROG

$13.4M+6.3%

EntegrisENTG

$34.1M-31.7%

Applied MaterialsAMAT

$135M+31.1%

WolfspeedWOLF

$37.4M-43.9%

KLA CorporationKLAC

$99.09M+1.0%

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

See full

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:DepreciationDepletionAndAmortization.

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 D&A?: AXT (AXTI) reported D&A of $2.44M in Q1 2026.
How has AXT's D&A changed year-over-year?: AXT's D&A increased by 9.5% year-over-year, from $2.22M to $2.44M.
What is the long-term trend for AXT's D&A?: Over 4 years (2021 to 2025), AXT's D&A has grown at a 6.5% compound annual growth rate (CAGR), from $7.08M to $9.11M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.