Axt (AXTI) Operating Margin (2011 - 2026)

Axt (AXTI) posted Operating Margin of 16.64% for Q4 2025, down 314.11% sequentially from 4.02% in Q3 2025, and up 792.0% YoY from 1.86% in Q4 2024.

Axt (AXTI) Operating Margin (2011 - 2026) Analysis & Trends

Axt has reported Operating Margin for 15 years, with the latest figure at 16.64% in Q4 2025.

Quarterly Operating Margin rose 792.0% year-over-year to 16.64% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 24.88% (down 998.0% YoY) and the FY2025 annual result came in at 24.88%, down 998.0% from the prior year.
Operating Margin fell to 16.64% in Q4 2025 per AXTI's latest filing, from 4.02% in the prior quarter.
Over five years, Operating Margin peaked at 13.39% in Q2 2022 and troughed at 53.08% in Q1 2025.
A 5-year average of 10.88% and a median of 10.58% in 2024 frame the typical range for Operating Margin.
The sharpest annual moves came in 2023 and 2024: Operating Margin tumbled 5172 bps in 2023, then soared 3006 bps in 2024.
Over 5 years, Operating Margin stood at 8.04% in 2021, then plunged by 146 bps to 3.74% in 2022, then plunged by 366 bps to 17.43% in 2023, then slumped by 41 bps to 24.56% in 2024, then jumped by 32 bps to 16.64% in 2025.
According to Business Quant data, Operating Margin over the past three periods registered 16.64%, 4.02%, and 37.53% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Asml Holding	683.77 Bn	668.27 Bn	5.90 Bn	51.98%
2	Lam Research	393.97 Bn	388.39 Bn	3.48 Bn	37.39%
3	Applied Materials	389.80 Bn	381.56 Bn	3.95 Bn	31.90%
4	Kla	240.86 Bn	239.21 Bn	2.24 Bn	42.49%
5	Teradyne	58.87 Bn	58.52 Bn	794.62 Mn	32.94%
6	Qnity Electronics	27.06 Bn	26.10 Bn	666.00 Mn	25.75%
7	Entegris	21.93 Bn	21.58 Bn	420.00 Mn	18.64%
8	Onto Innovation	14.50 Bn	12.61 Bn	183.25 Mn	18.52%
9	Amkor Technology	12.45 Bn	9.94 Bn	318.59 Mn	10.53%
10	Axt	4.33 Bn	3.54 Bn	21.37 Mn	21.90%

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