AXT Valuation Multiples

AXT Overview

About AXT

AXT Inc is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Founded

1986

HQ

Employees

1.1K

Website

axt.com

Sectors

Electronic ComponentsSemiconductorsDeepTech

Financials (LTM)

Revenue: $99M

EBITDA: ($3M)

EV

$5B

Valuation Multiples

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AXT Financials

AXT reported last 12-month revenue of $99M and negative EBITDA of ($3M).

In the same LTM period, AXT generated $19M in gross profit, ($3M) in EBITDA losses, and had net loss of ($16M).

AXT P&L

In the most recent fiscal year, AXT reported revenue of $88M and EBITDA of ($9M).

AXT expects next 12-month revenue of XXX and NTM EBITDA of XXX

AXT Stock Performance

AXT has current market cap of $5B, and enterprise value of $5B.

AXT's stock price is $82.56.

AXT Valuation Multiples

AXT trades at 45.7x EV/Revenue multiple, and (1300.6x) EV/EBITDA.

AXT Financial Valuation Multiples

As of April 19, 2026, AXT has market cap of $5B and EV of $5B.

Equity research analysts estimate AXT's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

AXT has a P/E ratio of (293.1x).

AXT Margins & Growth Rates

AXT's revenue in the last 12 month grew by 40%.

AXT's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

AXT's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

AXT's rule of X is 112% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

AXT Public Comps

See public comps and valuation multiples for other Electronic Components and Semiconductors comps.

AXT M&A Activity

AXT acquired XXX companies to date.

Last acquisition by AXT was on XXXXXXXX, XXXXX. AXT acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

AXT Investment Activity

AXT invested in XXX companies to date.

AXT made its latest investment on XXXXXXXX, XXXXX. AXT invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).