Every 10-Q that AXT Inc (AXTI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AXTI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AXTI filings page.
AXT, Inc. reported sharply stronger results for the quarter ended June 30, 2026. Quarterly revenue was $47.6 million, up from $18.0 million a year earlier, and six‑month revenue reached $74.5 million versus $37.3 million. Net income attributable to AXT, Inc. was $11.1 million for the quarter and $9.5 million for the first half, compared with losses of $7.0 million and $15.8 million in the prior-year periods, with diluted EPS of $0.17 for the quarter and $0.16 year‑to‑date.
The balance sheet was transformed by an April 2026 secondary public offering of 9.84 million shares, generating gross proceeds of about $632.5 million. Cash, restricted cash and cash equivalents rose to $445.2 million, and total cash plus investments to $748.8 million, against short‑term loans of $84.2 million and long‑term loans of $15.5 million. Subsequent to quarter‑end, a six‑year capacity reservation agreement calls for two customer deposits of $43.5 million each. Also after quarter‑end, withdrawal of a planned Tongmei listing created potential redemption rights for investors holding about $49 million of redeemable noncontrolling interests, which the company states it has funds to satisfy in full.
AXT, Inc. reports a much stronger quarter, though it remains unprofitable. For the three months ended March 31, 2026, revenue rose to $26.9 million from $19.4 million, driven mainly by higher substrate sales. Gross profit improved to $8.0 million after a prior-period gross loss, and the net loss attributable to AXT narrowed to $1.6 million (basic and diluted loss per share of $0.03, versus $0.20 a year earlier).
Total assets were $444.6 million, with cash, restricted cash and short‑term investments of $123.2 million. Operating cash flow was negative $11.7 million, reflecting higher receivables and inventory as the business scales. Short‑term loans increased to $68.9 million, partly funding expansion projects in China.
After quarter‑end, AXT completed an underwritten public offering of 9.84 million common shares at $64.25 per share, generating approximately $632.5 million in gross proceeds before fees. This significantly enlarges its capital base for capacity expansion and ongoing investments while it continues to pursue listing its Tongmei subsidiary on China’s STAR Market.
AXT, Inc. reported Q3 2025 results showing year-over-year improvement in the quarter but weaker performance year to date. Revenue was $27.955 million versus $23.645 million a year ago, and gross profit rose to $6.224 million from $5.682 million. The net loss attributable to AXT narrowed to $1.906 million from $2.937 million, or ($0.04) per share compared with ($0.07). For the nine months, revenue was $65.285 million versus $74.256 million, and the net loss widened to $17.712 million.
Cash and cash equivalents were $23.110 million with $8.100 million of restricted cash. Inventories declined to $77.656 million, while accounts receivable increased to $33.837 million. Short‑term loans rose to $61.547 million. Total assets were $334.034 million, and total stockholders’ equity was $202.345 million. AXT remains the controlling stakeholder of Tongmei; noncontrolling and redeemable noncontrolling interests together were approximately 14.5% as of September 30, 2025. The company’s investment in Jia Mei was $702,000 after a fair value loss and subsequent gain recognized during Q2–Q3.
AXT, Inc. reported a significant decline in revenue and widening losses in the quarter ended June 30, 2025. Quarterly revenue fell to $17.97 million from $27.92 million a year earlier, and six-month revenue declined to $37.33 million from $50.61 million. Gross profit contracted sharply to $1.43 million for the quarter and to $0.19 million for the six months, compared with $7.65 million and $13.75 million a year ago, respectively. Net loss attributable to AXT, Inc. was $7.01 million for the quarter and $15.81 million for six months, driving basic EPS of $(0.16) and $(0.36) for the quarter and six months.
On the balance sheet, cash and cash equivalents were $27.01 million with restricted cash of $8.10 million, totaling $35.11 million; short-term loans increased to $55.93 million. Inventories were $80.06 million and total assets were $329.00 million. The company holds $14.3 million of strategic investments in privately held raw material companies and recognized a $145,000 impairment on a fair-value investment in Jia Mei during the period. A putative securities class action is pending and a derivative suit dismissal was affirmed with an appeal filed.