AXT (AXTI) Revenue & Revenue Breakdown
AXT Revenue Highlights
Latest Revenue (Y)
$75.80M
Latest Revenue (Q)
$27.92M
Main Segment (Y)
Substrates
Main Geography (Y)
China
AXT Revenue by Period
AXT Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 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 $75.80M in revenue during NA 2023, up -46.29% compared to the previous quarter, and up 74.02% compared to the same period a year ago.
AXT Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 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 $27.92M in revenue during Q2 2024, up 23.07% compared to the previous quarter, and up 143.90% compared to the same period a year ago.
AXT Revenue Breakdown
AXT Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Substrates | $47.47M | $111.09M | $103.03M | $75.59M | $67.85M |
| Raw materials and others | $28.33M | - | - | - | - |
| Raw Materials And Others | - | $30.02M | $34.37M | $19.77M | $15.41M |
AXT's latest annual revenue breakdown by segment (product or service), as of Dec 23: Substrates (62.62%), and Raw materials and others (37.38%).
Quarterly Revenue by Product
| Product/Service | 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 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials and others | $5.79M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Substrates | $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 | $20.31M | $16.87M | $16.88M | $14.53M | $15.96M | $20.60M | $16.77M |
| Raw Materials and Other | - | - | $7.57M | $5.92M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Raw Materials And Others | - | - | - | - | $6.00M | $8.32M | $7.79M | $7.91M | $9.14M | $8.42M | $8.83M | $7.98M | $5.51M | $5.16M | $5.26M | $3.84M | $3.88M | $3.88M | $4.20M | $3.44M |
AXT's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Substrates (74.50%), and Raw materials and others (25.50%).
AXT Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Asia Pacific (excluding China, Taiwan and Japan) | $3.81M | - | - | - | - |
| Taiwan | $8.65M | $28.78M | $16.84M | - | - |
| North America (primarily the United States) | $6.60M | $20.42M | - | - | - |
| Japan | $4.64M | $11.72M | $10.11M | - | - |
| China | $39.78M | $55.41M | $67.39M | - | - |
| Asia Pacific (excluding China, Taiwan, and Japan) | - | $4.19M | $7.54M | - | - |
| North America | - | - | $12.44M | $10.97M | $8.23M |
| Europe | - | - | $23.07M | $19.67M | $18.18M |
| Asia Pacific Excluding Japan And Taiwan | - | - | - | $5.46M | $7.59M |
| J | - | - | - | $7.62M | $6.26M |
| T | - | - | - | $16.48M | $16.20M |
| C | - | - | - | $35.15M | $26.80M |
AXT's latest annual revenue breakdown by geography, as of Dec 23: China (62.66%), Taiwan (13.63%), North America (primarily the United States) (10.39%), Japan (7.31%), and Asia Pacific (excluding China, Taiwan and Japan) (6.01%).
Quarterly Revenue by Country
| Country | 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 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America (primarily the United States) | $1.08M | $2.21M | $1.75M | $2.64M | $4.12M | $6.63M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| China | $11.52M | $21.39M | $10.29M | $8.10M | $7.17M | $12.31M | $18.45M | $17.48M | $19.34M | - | - | - | - | - | - | - | - | - | - | - |
| Asia Pacific (excluding China, Taiwan and Japan) | $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 | - | - | - | - | - | - | - | - | - | - | - |
| Taiwan | $4.58M | $4.77M | $1.41M | $2.47M | $7.06M | $7.82M | $7.04M | $6.86M | $5.00M | - | - | - | - | - | - | - | - | - | - | - |
| Asia Pacific (excluding China, Taiwan, and Japan) | - | - | - | - | $1.00M | $765.00K | $662.00K | $1.76M | $2.38M | - | - | - | - | - | - | - | - | - | - | - |
| Europe | - | - | - | - | - | - | $5.30M | $6.39M | $6.28M | $4.94M | $6.41M | $5.43M | $4.66M | $4.69M | $4.11M | $6.21M | $4.43M | $4.74M | $4.38M | $4.38M |
| North America | - | - | - | - | - | - | $5.32M | $4.36M | $3.16M | $3.51M | $2.75M | $3.01M | $3.38M | $3.20M | $2.47M | $1.92M | $1.86M | $2.02M | $2.74M | $2.74M |
| C | - | - | - | - | - | - | - | - | - | $16.96M | $15.55M | $15.55M | $12.11M | $10.57M | $7.75M | $4.72M | $4.93M | $5.12M | $7.11M | $7.11M |
| T | - | - | - | - | - | - | - | - | - | $3.83M | $5.00M | $3.02M | $3.58M | $3.33M | $4.40M | $5.18M | $4.14M | $4.40M | $3.01M | $3.01M |
| J | - | - | - | - | - | - | - | - | - | $3.39M | $2.63M | $2.52M | $2.36M | $2.23M | $1.70M | $1.33M | $1.62M | $1.34M | $1.79M | $1.79M |
| Asia Pacific Excluding Japan And Taiwan | - | - | - | - | - | - | - | - | - | $1.95M | $1.40M | $1.82M | $955.00K | $1.45M | $1.70M | $1.36M | $1.44M | $2.23M | $1.18M | $1.18M |
AXT's latest quarterly revenue breakdown by geography, as of Mar 24: China (60.73%), Taiwan (24.16%), North America (primarily the United States) (5.67%), Japan (5.22%), and Asia Pacific (excluding China, Taiwan and Japan) (4.21%).
AXT Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ENTG | Entegris | $3.52B | $812.65M |
| UCTT | Ultra Clean | $1.73B | $516.10M |
| IPGP | IPG Photonics | $1.29B | $257.64M |
| ACLS | Axcelis | $1.13B | $256.51M |
| PLAB | Photronics | $892.08M | $217.00M |
| ONTO | Onto Innovation | $815.87M | $242.33M |
| ICHR | Ichor | $811.12M | $203.23M |
| KLIC | Kulicke and Soffa Industries | $742.49M | $181.65M |
| VECO | Veeco Instruments | $666.43M | $175.88M |
| COHU | Cohu | $636.32M | $104.70M |
| NVMI | Nova | $517.92M | $141.80M |
| ASYS | Amtech Systems | $113.31M | $25.43M |
| AXTI | AXT | $75.80M | $27.92M |
| AEHR | Aehr Test Systems | $66.22M | $7.56M |
AXTI Revenue FAQ
What is AXT’s yearly revenue?
AXT's yearly revenue for 2023 was $75.8M, representing a decrease of -46.29% compared to 2022. The company's yearly revenue for 2022 was $141.12M, representing an increase of 2.71% compared to 2021. AXTI's yearly revenue for 2021 was $137.39M, representing an increase of 44.08% compared to 2020.
What is AXT’s quarterly revenue?
AXT's quarterly revenue for Q2 2024 was $27.92M, a 23.07% increase from the previous quarter (Q1 2024), and a 50.16% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $22.69M, a 11.06% increase from the previous quarter (Q4 2023), and a 16.92% increase year-over-year (Q1 2023). AXTI's quarterly revenue for Q4 2023 was $20.43M, a 17.64% increase from the previous quarter (Q3 2023), and a -23.76% decrease year-over-year (Q4 2022).
What is AXT’s revenue growth rate?
AXT's revenue growth rate for the last 3 years (2021-2023) was -44.83%, and for the last 5 years (2019-2023) was -8.96%.
What are AXT’s revenue streams?
AXT's revenue streams in c 23 are Substrates, and Raw materials and others. Substrates generated $47.47M in revenue, accounting 62.62% of the company's total revenue, down -57.27% year-over-year. Raw materials and others generated $28.33M in revenue, accounting 37.38% of the company's total revenue
What is AXT’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of AXT was Substrates. This segment made a revenue of $47.47M, representing 62.62% of the company's total revenue.