TTM
-$13.3M
YoY change
+48.5%
5Y CAGR
—
Peak year (FY2011)
$27.5M
Cumulative operating income
-$26.5M
Operating Income history chart for AXT (AXTI) from 2016 to 2025
Latest: -$22M
Operating Income growth chart for AXT (AXTI) from 2016 to 2025
Latest: +48.5%
Operating Income history table for AXT (AXTI) from 1998 to 2025
| FY2025 | -$22M | +48.5% | -$7.17M | ||
| FY2024 | -$14.8M | -31.4% | +$6.77M | ||
| FY2023 | -$21.6M | -271.8% | -$34.1M | ||
| FY2022 | $12.6M | -2.7% | -$343K | ||
| FY2021 | $12.9M | +227.3% | +$8.96M | ||
| FY2020 | $3.94M | -1354.8% | +$4.25M | ||
| FY2019 | -$314K | -102.6% | -$12.5M | ||
| FY2018 | $12.1M | -3.9% | -$492K | ||
| FY2017 | $12.6M | +96.7% | +$6.21M | ||
| FY2016 | $6.43M | -231.1% | +$11.3M | ||
| FY2015 | -$4.9M | +71.7% | -$2.05M | ||
| FY2014 | -$2.85M | -62.8% | +$4.81M | ||
| FY2013 | -$7.66M | -228.4% | -$13.6M | ||
| FY2012 | $5.97M | -78.3% | -$21.5M | ||
| FY2011 | $27.5M | +36.1% | +$7.29M | ||
| FY2010 | $20.2M | -1364.7% | +$21.8M | ||
| FY2009 | -$1.6M | +4100.0% | -$1.56M | ||
| FY2008 | -$38K | -100.7% | -$5.34M | ||
| FY2007 | $5.3M | -243.9% | +$8.98M | ||
| FY2006 | -$3.68M | -72.4% | +$9.64M | ||
| FY2005 | -$13.3M | -10.1% | +$1.49M | ||
| FY2004 | -$14.8M | +54.6% | -$5.23M | ||
| FY2003 | -$9.58M | -87.0% | +$63.9M | ||
| FY2002 | -$73.5M | -1060.5% | -$81.1M | ||
| FY2001 | $7.65M | -63.6% | -$13.4M | ||
| FY2000 | $21M | +198.0% | +$14M | ||
| FY1999 | $7.05M | -32.2% | -$3.35M | ||
| FY1998 | $10.4M | — | — |
- FY2025-$22M+48.5%
- FY2024-$14.8M-31.4%
- FY2023-$21.6M-271.8%
- FY2022$12.6M-2.7%
- FY2021$12.9M+227.3%
- FY2020$3.94M-1354.8%
- FY2019-$314K-102.6%
- FY2018$12.1M-3.9%
- FY2017$12.6M+96.7%
- FY2016$6.43M-231.1%
- FY2015-$4.9M+71.7%
- FY2014-$2.85M-62.8%
- FY2013-$7.66M-228.4%
- FY2012$5.97M-78.3%
- FY2011$27.5M+36.1%
- FY2010$20.2M-1364.7%
- FY2009-$1.6M+4100.0%
- FY2008-$38K-100.7%
- FY2007$5.3M-243.9%
- FY2006-$3.68M-72.4%
- FY2005-$13.3M-10.1%
- FY2004-$14.8M+54.6%
- FY2003-$9.58M-87.0%
- FY2002-$73.5M-1060.5%
- FY2001$7.65M-63.6%
- FY2000$21M+198.0%
- FY1999$7.05M-32.2%
- FY1998$10.4M—
Operating Income values are taken from AXT's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at AXT (AXTI)
According to AXT's latest reported financial statements, the company's current operating income (TTM) is -$13.3M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of AXT (AXTI) operating income is -$22M – surged 48.5% year-over-year.
AXT operating income peaked at $27.5M in 2011; the latest annual figure is -$22M in 2025 (180.0% below peak).
The highest annual operating income of $27.5M was reported in 2011. The lowest in the available history was -$73.5M in 2002.
AXT Operating Income by Year
AXT Operating Income 2025: -$22M
2025's operating income for AXT came in at -$22M, surged 48.5% from 2024.
AXT Operating Income 2024: -$14.8M
AXT posted operating income of -$14.8M in 2024, plunged 31.4% below 2023.
AXT Operating Income 2023: -$21.6M
In 2023, AXT reported operating income of -$21.6M, plunged 271.8% below 2022.
AXT Operating Income 2022: $12.6M
AXT operating income in 2022 was $12.6M, edged down 2.7% below 2021.
AXT Operating Income 2021: $12.9M
AXT operating income in 2021 was $12.9M.
See more financial history for AXT (AXTI).
Sector peers by Operating Income
Technology peers of AXT (AXTI), ranked by their latest operating income
| $133B | |
| $130B | |
| $129B | |
| $63.1B | |
| $25.5B | |
| $9.87B | |
| $3.69B |
- $133B
- $130B
- $129B
- $63.1B
- $25.5B
- $9.87B
- $3.69B
Frequently asked questions
AXT (AXTI) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.