Filing Flows › AXT (AXTI) › How it makes money
How AXT (AXTI) makes money
AXT (AXTI) made $73.4M of revenue in the third quarter 2026 (Q3 2026), +163% from a year earlier. Of every dollar of revenue, 56¢ was left as gross profit, 39¢ was left as operating profit, 35¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $73.4M | 100.0% |
| Cost of revenue | $32.3M | 44.0% |
| Gross profit | $41.1M | 56.0% |
| Operating expenses | $12.7M | 17.3% |
| Operating profit | $28.4M | 38.7% |
| Income tax | $4.6M | 6.2% |
| Net earnings | $25.7M | 35.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $73.4M | +163% |
| Q2 2026 | $47.6M | +165% |
| Q1 2026 | $26.9M | +39% |
| Q4 2025 | $23.0M | -8% |
| Q3 2025 | $28.0M | +18% |
| Q2 2025 | $18.0M | -36% |
| Q1 2025 | $19.4M | -15% |
From AXT's 8-K filed Oct 29, 2026 (on EDGAR).
Questions
How does AXT make money?
AXT (AXTI) made $73.4M of revenue in the third quarter 2026 (Q3 2026), +163% from a year earlier. Of every dollar of revenue, 56¢ was left as gross profit, 39¢ was left as operating profit, 35¢ was left as net earnings.
What is AXT's profit margin?
Net earnings were $25.7M, 35.0% of revenue, in the third quarter 2026; the operating margin was 38.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.