AXT (AXTI) Revenue & Revenue Breakdown

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AXT Revenue Highlights

Latest Revenue (Y)

$88.33M

Latest Revenue (Q)

$47.59M

Main Segment (Y)

Substrates

Main Geography (Y)

CHINA

AXT Revenue by Period

AXT Revenue by Year

Date	Revenue	Change
2025-12-31	$88.33M	-11.11%
2024-12-31	$99.36M	31.09%
2023-12-31	$75.80M	-46.29%
2022-12-31	$141.12M	2.71%
2021-12-31	$137.39M	44.08%
2020-12-31	$95.36M	14.54%
2019-12-31	$83.26M	-18.69%
2018-12-31	$102.40M	3.77%
2017-12-31	$98.67M	21.30%
2016-12-31	$81.35M	4.96%
2015-12-31	$77.50M	-7.18%
2014-12-31	$83.50M	-2.15%
2013-12-31	$85.33M	-3.44%
2012-12-31	$88.37M	-15.12%
2011-12-31	$104.12M	9.04%
2010-12-31	$95.49M	72.48%
2009-12-31	$55.36M	-24.24%
2008-12-31	$73.08M	25.55%
2007-12-31	$58.20M	30.96%
2006-12-31	$44.45M	67.49%
2005-12-31	$26.54M	-25.15%
2004-12-31	$35.45M	2.13%
2003-12-31	$34.71M	-45.05%
2002-12-31	$63.17M	-47.15%
2001-12-31	$119.53M	-1.62%
2000-12-31	$121.50M	49.05%
1999-12-31	$81.52M	88.27%
1998-12-31	$43.30M	-

AXT generated $88.33M in revenue during NA 2025, up -11.11% compared to the previous quarter, and up 92.62% compared to the same period a year ago.

AXT Revenue by Quarter

Date	Revenue	Change
2026-06-30	$47.59M	76.75%
2026-03-31	$26.92M	16.85%
2025-12-31	$23.04M	-17.58%
2025-09-30	$27.95M	55.53%
2025-06-30	$17.97M	-7.14%
2025-03-31	$19.36M	-22.90%
2024-12-31	$25.11M	6.17%
2024-09-30	$23.64M	-15.32%
2024-06-30	$27.92M	23.07%
2024-03-31	$22.69M	11.06%
2023-12-31	$20.43M	17.64%
2023-09-30	$17.37M	-6.61%
2023-06-30	$18.59M	-4.17%
2023-03-31	$19.41M	-27.58%
2022-12-31	$26.80M	-23.84%
2022-09-30	$35.18M	-10.90%
2022-06-30	$39.49M	-0.42%
2022-03-31	$39.65M	5.09%
2021-12-31	$37.73M	9.13%
2021-09-30	$34.58M	2.49%
2021-06-30	$33.73M	7.61%
2021-03-31	$31.35M	15.96%
2020-12-31	$27.04M	6.15%
2020-09-30	$25.47M	15.07%
2020-06-30	$22.13M	6.81%
2020-03-31	$20.72M	12.56%
2019-12-31	$18.41M	-7.21%
2019-09-30	$19.84M	-19.99%
2019-06-30	$24.80M	22.71%
2019-03-31	$20.21M	-9.10%
2018-12-31	$22.23M	-22.34%
2018-09-30	$28.63M	5.55%
2018-06-30	$27.12M	11.06%
2018-03-31	$24.42M	-7.26%
2017-12-31	$26.33M	-6.52%
2017-09-30	$28.17M	19.57%
2017-06-30	$23.56M	14.27%
2017-03-31	$20.62M	1.71%
2016-12-31	$20.27M	-7.33%
2016-09-30	$21.87M	6.72%
2016-06-30	$20.50M	9.52%
2016-03-31	$18.71M	3.63%
2015-12-31	$18.06M	-1.71%
2015-09-30	$18.37M	-12.56%
2015-06-30	$21.01M	4.71%
2015-03-31	$20.06M	2.54%
2014-12-31	$19.57M	-15.43%
2014-09-30	$23.14M	7.87%
2014-06-30	$21.45M	10.88%
2014-03-31	$19.34M	3.99%
2013-12-31	$18.60M	-9.35%
2013-09-30	$20.52M	-13.89%
2013-06-30	$23.83M	6.48%
2013-03-31	$22.38M	18.24%
2012-12-31	$18.93M	-9.04%
2012-09-30	$20.81M	-17.27%
2012-06-30	$25.15M	7.10%
2012-03-31	$23.49M	10.68%
2011-12-31	$21.22M	-25.03%
2011-09-30	$28.30M	-5.75%
2011-06-30	$30.03M	22.25%
2011-03-31	$24.57M	-8.56%
2010-12-31	$26.87M	0.21%
2010-09-30	$26.81M	15.67%
2010-06-30	$23.18M	24.33%
2010-03-31	$18.64M	4.51%
2009-12-31	$17.84M	6.05%
2009-09-30	$16.82M	28.83%
2009-06-30	$13.05M	70.56%
2009-03-31	$7.65M	-51.08%
2008-12-31	$15.65M	-12.41%
2008-09-30	$17.86M	-10.38%
2008-06-30	$19.93M	1.52%
2008-03-31	$19.63M	11.79%
2007-12-31	$17.56M	-

AXT generated $47.59M in revenue during Q2 2026, up 76.75% compared to the previous quarter, and up 245.86% compared to the same period a year ago.

AXT Revenue Breakdown

AXT Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 23	Dec 22	Dec 21	Dec 20
Raw Materials and Other	$29.43M	-	-	-	-
Substrates	$58.90M	$47.47M	$111.09M	$103.03M	$75.59M
Raw materials and others	-	$28.33M	-	-	-
Raw Materials And Others	-	-	$30.02M	$34.37M	$19.77M

AXT's latest annual revenue breakdown by segment (product or service), as of Dec 25: Substrates (66.68%), and Raw Materials and Other (33.32%).

Quarterly Revenue by Product

Product/Service	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Substrates	$37.56M	$19.28M	$15.27M	$21.26M	$11.29M	$11.08M	$15.01M	$16.90M	$22.95M	$11.03M	$13.49M	$20.79M	$26.86M	$31.69M	$31.75M	$28.59M	$26.16M	$24.91M	$23.37M	$21.52M
Raw Materials and Other	$10.03M	$7.64M	$16.05M	$6.70M	$6.68M	$7.57M	$5.92M	-	-	-	-	-	-	-	-	-	-	-	-	-
Raw materials and others	-	-	-	-	-	$8.27M	$8.64M	$5.79M	-	-	-	-	-	-	-	-	-	-	-	-
Raw Materials And Others	-	-	-	-	-	-	-	-	-	-	-	$6.00M	$8.32M	$7.79M	$7.91M	$9.14M	$8.42M	$8.83M	$7.98M	$5.51M

AXT's latest quarterly revenue breakdown by segment (product or service), as of Jun 26: Substrates (78.93%), and Raw Materials and Other (21.07%).

AXT Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 23	Dec 22	Dec 21	Dec 20
Europe	$11.16M	$23.07M	$19.67M	-	-
North America	$1.71M	$12.44M	$10.97M	-	-
TAIWAN	$13.04M	-	-	-	-
Asia Pacific Excluding China, Taiwan and Japan	$2.44M	-	-	-	-
CHINA	$55.08M	-	-	-	-
JAPAN	$4.91M	-	-	-	-
Taiwan	-	$8.65M	$28.78M	$16.84M	-
Japan	-	$4.64M	$11.72M	$10.11M	-
Asia Pacific (excluding China, Taiwan and Japan)	-	$3.81M	-	-	-
North America (primarily the United States)	-	$6.60M	$20.42M	-	-
China	-	$39.78M	$55.41M	$67.39M	-
Asia Pacific (excluding China, Taiwan, and Japan)	-	-	$4.19M	$7.54M	-
T	-	-	-	-	$16.48M
Asia Pacific Excluding Japan And Taiwan	-	-	-	-	$5.46M
C	-	-	-	-	$35.15M
J	-	-	-	-	$7.62M

AXT's latest annual revenue breakdown by geography, as of Dec 25: CHINA (62.36%), TAIWAN (14.76%), Europe (12.63%), JAPAN (5.55%), Asia Pacific Excluding China, Taiwan and Japan (2.76%), and North America (1.93%).

Quarterly Revenue by Country

Country	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Asia Pacific Excluding China, Taiwan and Japan	$3.49M	$2.18M	$1.67M	$347.00K	$427.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Europe	$9.15M	$5.72M	$4.03M	$3.42M	$1.60M	$2.10M	$2.72M	$5.30M	$6.39M	$6.28M	$4.94M	$6.41M	$5.43M	$4.66M	-	-	-	-	-	-
JAPAN	$1.46M	$1.55M	$1.63M	$1.85M	$704.00K	$718.00K	$1.62M	-	-	-	-	-	-	-	-	-	-	-	-	-
North America	$161.00K	$207.00K	$235.00K	$140.00K	$224.00K	$1.11M	$2.56M	$5.32M	$4.36M	$3.16M	$3.51M	$2.75M	$3.01M	$3.38M	-	-	-	-	-	-
TAIWAN	$2.48M	$699.00K	$2.24M	$9.04M	$530.00K	$1.22M	$2.14M	-	-	-	-	-	-	-	-	-	-	-	-	-
CHINA	$30.84M	$16.57M	$14.01M	$13.14M	$14.49M	$13.43M	$13.81M	-	-	-	-	-	-	-	-	-	-	-	-	-
Asia Pacific (excluding China, Taiwan and Japan)	-	-	-	-	-	$781.00K	$797.00K	$798.00K	$1.99M	$737.00K	$1.09M	-	-	-	-	-	-	-	-	-
Japan	-	-	-	-	-	-	-	$990.00K	$1.71M	$1.40M	$1.53M	$3.53M	$2.67M	$2.72M	$2.81M	$1.56M	-	-	-	-
China	-	-	-	-	-	-	-	$11.52M	$21.39M	$10.29M	$8.10M	$7.17M	$12.31M	$18.45M	$17.48M	$19.34M	-	-	-	-
Taiwan	-	-	-	-	-	-	-	$4.58M	$4.77M	$1.41M	$2.47M	$7.06M	$7.82M	$7.04M	$6.86M	$5.00M	-	-	-	-
North America (primarily the United States)	-	-	-	-	-	-	-	$1.08M	$2.21M	$1.75M	$2.64M	$4.12M	$6.63M	-	-	-	-	-	-	-
Asia Pacific (excluding China, Taiwan, and Japan)	-	-	-	-	-	-	-	-	-	-	-	$1.00M	$765.00K	$662.00K	$1.76M	$2.38M	-	-	-	-
T	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.83M	$5.00M	$3.02M	$3.58M
J	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.39M	$2.63M	$2.52M	$2.36M
C	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$16.96M	$15.55M	$15.55M	$12.11M
Asia Pacific Excluding Japan And Taiwan	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.95M	$1.40M	$1.82M	$955.00K

AXT's latest quarterly revenue breakdown by geography, as of Jun 26: CHINA (64.81%), Europe (19.23%), Asia Pacific Excluding China, Taiwan and Japan (7.33%), TAIWAN (5.22%), JAPAN (3.07%), and North America (0.34%).

AXT Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
LPTH	LightPath	$37.20B	$19.15T
BKKT	Bakkt	$2.34B	$170.15M
CMRC	Commerce	$342.35M	$84.51M
RPAY	Repay	$309.26M	$100.70M
LAW	CS Disco	$156.85M	$43.15M
AXTI	AXT	$88.33M	$47.59M
VLN	Valens Semiconductor	$84.16M	$11.56M
GRRR	Gorilla Technology Group	$64.69M	$26.73M
NVEC	NVE	$29.80M	$11.03M
GSIT	GSI	$25.12M	$6.31M
BZAI	Blaize	$1.55M	$11.98M

AXTI Revenue FAQ

What is AXT’s yearly revenue?

AXT's yearly revenue for 2025 was $88.33M, representing a decrease of -11.11% compared to 2024. The company's yearly revenue for 2024 was $99.36M, representing an increase of 31.09% compared to 2023. AXTI's yearly revenue for 2023 was $75.8M, representing a decrease of -46.29% compared to 2022.

What is AXT’s quarterly revenue?

AXT's quarterly revenue for Q2 2026 was $47.59M, a 76.75% increase from the previous quarter (Q1 2026), and a 164.77% increase year-over-year (Q2 2025). The company's quarterly revenue for Q1 2026 was $26.92M, a 16.85% increase from the previous quarter (Q4 2025), and a 39.10% increase year-over-year (Q1 2025). AXTI's quarterly revenue for Q4 2025 was $23.04M, a -17.58% decrease from the previous quarter (Q3 2025), and a -8.22% decrease year-over-year (Q4 2024).

What is AXT’s revenue growth rate?

AXT's revenue growth rate for the last 3 years (2023-2025) was 16.53%, and for the last 5 years (2021-2025) was -35.71%.

What are AXT’s revenue streams?

AXT's revenue streams in c 25 are Raw Materials and Other, and Substrates. Raw Materials and Other generated $29.43M in revenue, accounting 33.32% of the company's total revenue Substrates generated $58.9M in revenue, accounting 66.68% of the company's total revenue, up 24.09% year-over-year.

What is AXT’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of AXT was Substrates. This segment made a revenue of $58.9M, representing 66.68% of the company's total revenue.