Filing Flows › AXT (AXTI) › Q3 2026 › vs Q3 2025
AXT (AXTI) Q3 2026 vs Q3 2025 (year over year)
AXT's revenue rose $45.5M (+163%) from $28.0M in Q3 2025 to $73.4M in Q3 2026. Gross margin 56.0% against 22.3% (+33.7 pts).
AXT, Q3 2026: revenue $73.4M (+163% year over year), operating margin 38.7%, net earnings $25.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 56.0% | 22.3% | +33.7 pts |
| Operating margin | 38.7% | -4.0% | +42.7 pts |
| Net margin | 35.0% | -6.8% | +41.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $73.4M | $28.0M | $45.5M | +163% |
| Gross profit | $41.1M | $6.2M | $34.9M | +560% |
| Cost of revenue | $32.3M | $21.7M | $10.6M | +49% |
| Other income, net | $5.9M | −$46K | $5.9M | — |
| Operating profit | $28.4M | −$1.1M | $29.6M | — |
| Operating expenses | $12.7M | $7.3M | $5.3M | +72% |
| Pre-tax earnings | $34.3M | −$1.2M | $35.5M | — |
| Research & development | $3.9M | $1.0M | $2.9M | +289% |
| SG&A | $8.7M | $6.3M | $2.4M | +38% |
| Net earnings | $25.7M | −$1.9M | $27.6M | — |
| Minority interests | $4.0M | $233K | $3.8M | 17× |
| Income tax | $4.6M | $504K | $4.1M | +807% |
Questions
How much did AXT's revenue grow year over year in Q3 2026?
AXT's revenue rose $45.5M (+163%) from $28.0M in Q3 2025 to $73.4M in Q3 2026. Gross margin 56.0% against 22.3% (+33.7 pts).