What is AXT's net income?

AXT (AXTI) reported net income of -$1.49M in Q1 2026.

How has AXT's net income changed year-over-year?

AXT's net income increased by 83.1% year-over-year, from -$8.8M to -$1.49M.

What is the long-term trend for AXT's net income?

Over 4 years (2021 to 2025), AXT's net income has grown at a 10.8% compound annual growth rate (CAGR), from $14.58M to -$21.98M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

AXT AXTI Net Income

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$1.2B+10.3%

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Other financials

Income statement

See full

Revenue$26.9M+39.1%

Gross profit-$1.2M-120%

Operating income-$10.3M-207%

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

See full

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%

Enterprise value$5.56B+3,616%

P/S57.7×+56.5×

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:ProfitLoss.

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 net income?: AXT (AXTI) reported net income of -$1.49M in Q1 2026.
How has AXT's net income changed year-over-year?: AXT's net income increased by 83.1% year-over-year, from -$8.8M to -$1.49M.
What is the long-term trend for AXT's net income?: Over 4 years (2021 to 2025), AXT's net income has grown at a 10.8% compound annual growth rate (CAGR), from $14.58M to -$21.98M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.