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AXT Stock Jumps 9.7%, but Its $4 Billion Value Prices 21× Annualized Sales
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AXT Stock Jumps 9.7%, but Its $4 Billion Value Prices 21× Annualized Sales
FREMONT, Calif., Sept. 6, 2026, 1:00 p.m. EDT — Shares of AXT Inc. (NASDAQ:AXTI) jumped 9.7% on Friday to $61.64. The move lifted the compound-semiconductor supplier’s equity value to about $4.04 billion. That valuation is the harder number. It equals 21.2 times annualized second-quarter sales, even after a record indium-phosphide quarter. There is another wrinkle.…
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