AXTI — AXT Inc.
Compound-semiconductor substrate maker. Produces indium phosphide (InP), gallium arsenide (GaAs), and germanium (Ge) wafers. The upstream chokepoint under every 800G optical transceiver.
Coiled
55
52w range compression, breakout-adjusted
Watched
75
7-day news volume + tape quietness
Sound
14
Margins, growth, FCF composite
Critical
100
Supply-chain concentration × demand
Pressure
64
Pricing Power
12.7%
Filling fast
Financials
Numbers on the wire.
Market cap
$5.8B
P/E (TTM)
—
P/S (TTM)
63.66
EV / EBITDA
—
Gross margin
12.73%
Op margin
-24.88%
Net margin
-24.07%
FCF margin
—
Rev growth YoY
-11.11%
EPS growth YoY
—
ROE
-10.41%
ROA
-5.95%
Debt / Equity
0.25
Current ratio
2.72
Price / Book
2.82
Beta
1.77
Source: Finnhub. TTM = trailing twelve months.
Supply Chain
Layer Presence.
Our take
Four public InP substrate suppliers exist worldwide; AXTI is the only US-listed pure-play. As 800G and 1.6T optical transceivers ramp for AI fabrics, InP wafer demand is set to 2× by 2027. Concentration risk is the entire thesis.
Recent filings
From the EDGAR wire.
News
From the tape.
- SeekingAlphaThe Market Is Discovering The Industrial Supply Chain Of AI
- SeekingAlphaAXT Inc. Hits New All-Time Highs On Strong Earnings And Forward Outlook
- Benzinga5 Stocks In The Spotlight Last Week: Wall Street's Most Accurate Analysts Weigh In
- BenzingaVeeva Systems, Five9, AXT And Other Big Stocks Moving Higher On Friday
- BenzingaWedbush Maintains Outperform on AXT, Raises Price Target to $93
- SeekingAlphaAXT, Inc. (AXTI) Q1 2026 Earnings Call Transcript
Flows
Who AXTI touches.
Depends on
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