Axt Inc revenue by segment AXTI

Annual Quarterly

Axt Inc splits its revenue into 2 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Substrates at $58.9 million, 67% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	126	88	99	76	141	137	95	83	102	99	81
Substrates	93 +74.6% share 74.4%	59 -13.1% share 66.7%	68 +42.7% share 68.2%	47 -57.3% share 62.6%	111 +7.8% share 78.7%	103 +36.3% share 75.0%	76 +11.4% share 79.3%	68 share 81.5%	—	—	—
Raw Materials And Other	32 -1.4% share 25.6%	29 -6.9% share 33.3%	32 +11.6% share 31.8%	28 -5.6% share 37.4%	30 -12.6% share 21.3%	34 +73.8% share 25.0%	20 +28.3% share 20.7%	15 share 18.5%	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: AXTI (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Fremont, CA
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1051627
Former names: AMERICAN XTAL TECHNOLOGY (until Jun 8, 2000)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.