What is AXT's net margin?

AXT (AXTI) reported net margin of -15.3% in Q1 2026.

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

AXT's net margin increased by 19.9% year-over-year, from -19.1% to -15.3%.

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

Over 5 years (2020 to 2025), AXT's net margin has grown at a 48.9% compound annual growth rate (CAGR), from 3.4% to -24.9%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

AXT AXTI Net margin

Net margin at other companies

Veeco InstrumentsVECO

3.5%-5.5pp

EntegrisENTG

8.2%-1.4pp

Applied MaterialsAMAT

29.3%+5.3pp

KLA CorporationKLAC

35.7%+3.7pp

Element SolutionsESI

5.3%-6.2pp

Axcelis TechnologiesACLS

11.9%-6.6pp

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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Gross margin17.2%-0.9pp

Operating margin-22.6%-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.

net income/total revenue=-15.3%

Based on trailing twelve months.

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 margin?: AXT (AXTI) reported net margin of -15.3% in Q1 2026.
How has AXT's net margin changed year-over-year?: AXT's net margin increased by 19.9% year-over-year, from -19.1% to -15.3%.
What is the long-term trend for AXT's net margin?: Over 5 years (2020 to 2025), AXT's net margin has grown at a 48.9% compound annual growth rate (CAGR), from 3.4% to -24.9%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.