Key Stats for AXTI Stock
- Price Change for AXTI stock: +22.2%
- AXTI Share Price as of March 02: $46.32
- 52-Week High: $47
- AXTI Stock Price Target: $27
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What Happened?
AXT (AXTI) stock jumped 22.2% this week and is now trading at $46.32, just below its 52-week high of $47. The rally follows a volatile stretch that included a lowered Q4 revenue forecast in January due to China export permit delays. However, investors have shifted focus after the company reported fiscal year 2025 results on February 20.
For fiscal 2025, AXT generated $88.3 million in revenue, but that marked an 11.1% year-over-year decline. Gross margin fell to 12.7%, down sharply from 24% in 2024. Reuters also reported that Q4 revenue missed estimates, reinforcing pressure on profitability.
Despite those headwinds, the stock has rebounded strongly after several capital market events cleared. The company closed an $87 million public offering in late December, and lock-up agreements covering 47.1 million shares expired on February 28. With those overhangs resolved, investors appear to be reassessing the stock.
AXT is also scheduled to report Q1 2026 results on April 30, which could serve as the next catalyst. After presenting at multiple growth conferences earlier this year, management has emphasized long-term demand in data center connectivity and compound semiconductor markets.
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What the Market Is Telling Us About AXTI Stock
The sharp move higher suggests investors are looking past near-term earnings pressure. While revenue declined 11.1% in 2025, the forward two-year revenue CAGR is projected at 42% based on current estimates. That growth outlook likely explains the renewed buying interest.
Still, profitability remains a concern. Operating margin over the last twelve months was negative 24.9%, and net income totaled negative $21.3 million. Cash from operations was negative $12.1 million, and free cash flow was pressured by $5.8 million in capital expenditures.
On the balance sheet, AXT reported $120.3 million in cash and short-term investments. Total assets stood at $433.8 million, while total liabilities were $99.1 million. The company also carries short-term borrowings of $62.8 million, but net debt remains manageable relative to assets.
Valuation metrics are elevated. The stock trades at 28.1x trailing EV/revenue and 19.8x forward EV/revenue. With negative trailing earnings and a consensus price target of $27.50, shares now trade significantly above the average analyst estimate.
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Should You Invest in AXT, Inc.?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up AXTI, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
