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AXT (AXTI) R&D spending by quarter

AXT's R&D spending was $3.9M in Q3 2026 (third quarter 2026), +8% from Q2 2026. Over the last 7 quarters it ranged from $1.0M (Q3 2025) to $3.9M (Q3 2026).

AXT R&D spending by quarterAXT R&D spending by quarter$3.1MQ1 2025$2.5MQ2 2025$1.0MQ3 2025$2.4MQ4 2025$3.0MQ1 2026$3.7MQ2 2026$3.9MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$3.9M+8%+289%
Q2 2026$3.7M+21%+45%
Q1 2026$3.0M+26%-3%
Q4 2025$2.4M+136%—
Q3 2025$1.0M-60%—
Q2 2025$2.5M-19%—
Q1 2025$3.1M——

Q3 2026 at a glance

AXT, Q3 2026: revenue $73.4M (+163% year over year), operating margin 38.7%, net earnings $25.7M. The chart follows the revenue to costs, profit and cash.

Questions

What is AXT's R&D spending?

AXT's R&D spending was $3.9M in Q3 2026 (third quarter 2026), +8% from Q2 2026.

How has AXT's R&D spending changed?

Over the last 7 quarters it ranged from $1.0M (Q3 2025) to $3.9M (Q3 2026).

Q3 2026 results → · How AXT makes money →