AXT (AXTI) Revenue & Revenue Breakdown

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AXT Revenue Highlights

Latest Revenue (Y)

$75.80M

Latest Revenue (Q)

$23.64M

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
2024-09-30	$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 $23.64M in revenue during Q3 2024, up -15.32% compared to the previous quarter, and up 127.16% 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
Raw materials and others	$28.33M	-	-	-	-
Substrates	$47.47M	$111.09M	$103.03M	$75.59M	$67.85M
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	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	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Substrates	$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	$20.31M	$16.87M	$16.88M	$14.53M	$15.96M	$20.60M
Raw materials and others	$8.64M	$5.79M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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

AXT's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Substrates (63.47%), and Raw materials and others (36.53%).

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	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	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Europe	$2.72M	$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	-	-	-	-	-	-
JAPAN	$1.62M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
North America	$2.56M	$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	-	-	-	-	-	-
TAIWAN	$2.14M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asia Pacific (excluding China, Taiwan and Japan)	$797.00K	$798.00K	$1.99M	$737.00K	$1.09M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CHINA	$13.81M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
North America (primarily the United States)	-	$1.08M	$2.21M	$1.75M	$2.64M	$4.12M	$6.63M	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-
Asia Pacific (excluding China, Taiwan, and Japan)	-	-	-	-	-	$1.00M	$765.00K	$662.00K	$1.76M	$2.38M	-	-	-	-	-	-	-	-	-	-
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
C	-	-	-	-	-	-	-	-	-	-	$16.96M	$15.55M	$15.55M	$12.11M	$10.57M	$7.75M	$4.72M	$4.93M	$5.12M	$7.11M
T	-	-	-	-	-	-	-	-	-	-	$3.83M	$5.00M	$3.02M	$3.58M	$3.33M	$4.40M	$5.18M	$4.14M	$4.40M	$3.01M
J	-	-	-	-	-	-	-	-	-	-	$3.39M	$2.63M	$2.52M	$2.36M	$2.23M	$1.70M	$1.33M	$1.62M	$1.34M	$1.79M

AXT's latest quarterly revenue breakdown by geography, as of Sep 24: CHINA (58.39%), Europe (11.50%), North America (10.82%), TAIWAN (9.05%), JAPAN (6.86%), and Asia Pacific (excluding China, Taiwan and Japan) (3.37%).

AXT Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ENTG	Entegris	$3.52B	$807.69M
UCTT	Ultra Clean	$1.73B	$540.50M
IPGP	IPG Photonics	$1.29B	$233.14M
ACLS	Axcelis	$1.13B	$256.56M
PLAB	Photronics	$892.08M	$210.98M
ONTO	Onto Innovation	$815.87M	$252.21M
ICHR	Ichor	$811.12M	$211.14M
KLIC	Kulicke and Soffa Industries	$742.49M	$181.65M
VECO	Veeco Instruments	$666.43M	$184.81M
COHU	Cohu	$636.32M	$95.34M
NVMI	Nova	$517.92M	$141.80M
ASYS	Amtech Systems	$113.31M	$25.43M
AXTI	AXT	$75.80M	$23.64M
AEHR	Aehr Test Systems	$66.22M	$13.12M

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 Q3 2024 was $23.64M, a -15.32% decrease from the previous quarter (Q2 2024), and a 36.16% increase year-over-year (Q3 2023). The company'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). AXTI'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).

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 Raw materials and others, and Substrates. Raw materials and others generated $28.33M in revenue, accounting 37.38% of the company's total revenue Substrates generated $47.47M in revenue, accounting 62.62% of the company's total revenue, down -57.27% year-over-year.

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.