Filing Flows › Technology › AXT (AXTI)
AXT (AXTI) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Oct 29, 2026
Q3 2026 Revenue up 163% year over year to $73.4M · 35¢ of every $1 of revenue kept as net profit · operating margin 38.7%
AXT made $73.4M in Q3 2026 (+163% Y/Y). Operating margin 38.7%, net earnings $25.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 29, 2026 (preliminary, from the earnings release).
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What changed this quarter
Revenue was $73.4M in Q3 2026, up 163% year over year and up 54% from the previous quarter.
Gross margin was 56.0%, up 33.7 points from Q3 2025. Operating profit was $28.4M, a 38.7% margin (up 42.7 points year over year). Operating expenses grew 72% against revenue growth of 163%. The fastest-growing cost line was Research & development (+289%). Net earnings were $25.7M. The effective tax rate was 13.3%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Oct 29, 2026 | $73.4M | +163% | 38.7% | $25.7M | — |
| Q2 2026 | 10-Q | Aug 13, 2026 | $47.6M | +165% | 21.9% | $11.1M | $10.8M |
| Q1 2026 | 10-Q | May 14, 2026 | $26.9M | +39% | -5.9% | −$1.5M | −$11.7M |
| Q4 2025 | 10-K | Mar 17, 2026 | $23.0M | -8% | -16.6% | −$3.8M | $4.3M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $28.0M | +18% | -4.0% | −$1.7M | −$9.2M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $18.0M | -36% | -37.5% | −$7.7M | −$4.6M |
| Q1 2025 | 10-Q | May 14, 2025 | $19.4M | -15% | -53.1% | −$10.0M | −$3.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About AXT
AXT is a worldwide materials science company that develops and produces high-performance compound and single element semiconductor substrates, also known as wafers. Two of our consolidated subsidiaries produce and sell certain raw materials some of which are used in our substrate manufacturing process and some of which are sold to other companies. Our substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. However, certain chips may become too hot or perform their function too slowly if silicon is used as the base material.
In its own words, from its 10-K, filed Mar 17, 2026.
AXT against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +163% against the peers' median +45%. Operating margin: 38.7% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AXTI AXT | Q3 2026 | $73.4M | +163% | 38.7% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: AXT 8-K on SEC EDGAR · CIK 1051627 · Semiconductors & Related Devices
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results