Added to YB: 2026-03-23
Pitch date: 2026-03-18
AXTI [neutral]
AXT, Inc.
Author Info
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Company Info
AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates.
Market Cap
$3.1B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-273.74
P/E
-118.55
EV/Sales
35.22
Sector
Semiconductors and Semiconductor Equipment
Category
growth
$AXT Comments
AXTI (overview - bearish points): InP wafer supplier trading $48 (~$2.7B mkt cap) vs $23M quarterly rev on optical buildout hopes. Key risks: 1) China export restrictions unpredictable per mgmt ('not transparent at all'); 2) Major customers bypassing - Lumentum locked 7yr non-China supply, Coherent has 5+ suppliers w/ capacity to double, AOI diversifying away from China. If permits delayed while customers build China-avoidance playbook, demand thesis breaks.
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