What is AXT's gross margin?

AXT (AXTI) reported gross margin of 17.2% in Q1 2025.

How has AXT's gross margin changed year-over-year?

AXT's gross margin decreased by 5.0% year-over-year, from 18.1% to 17.2%.

What is the long-term trend for AXT's gross margin?

Over 4 years (2020 to 2024), AXT's gross margin has grown at a -6.8% compound annual growth rate (CAGR), from 31.7% to 24%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

AXT AXTI Gross margin

Gross margin at other companies

Veeco InstrumentsVECO

38.6%-3.3pp

EntegrisENTG

44.6%-1.3pp

Applied MaterialsAMAT

49%+0.8pp

KLA CorporationKLAC

61.4%+0.9pp

Element SolutionsESI

40.8%-1.2pp

Axcelis TechnologiesACLS

43.6%-1.0pp

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$5.53B+4,825%

Profitability

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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

Calculated from AXT’s reported figures.

gross profit/total revenue=17.2%

Based on trailing twelve months.

The official record: AXT’s 10-Q, filed May 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's gross margin?: AXT (AXTI) reported gross margin of 17.2% in Q1 2025.
How has AXT's gross margin changed year-over-year?: AXT's gross margin decreased by 5.0% year-over-year, from 18.1% to 17.2%.
What is the long-term trend for AXT's gross margin?: Over 4 years (2020 to 2024), AXT's gross margin has grown at a -6.8% compound annual growth rate (CAGR), from 31.7% to 24%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.