Axt (AXTI) Work In Process (2011 - 2025)
Axt's Work In Process was $53.67 million in Q4 2025, up 5.7% from $50.78 million a year earlier and up 10.2% from the prior quarter.
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Analysis
Axt (AXTI) Work In Process (2011 - 2025) Analysis & Trends
From Q4 2011 onward, Axt has reported Work In Process for 55 quarters.
- Work In Process has now increased for five consecutive years, with a five-year compound annual growth rate of 17.3% (FY2020 to FY2025).
- In earlier years, Work In Process was $50.78 million in FY2024 (+1.5%), $50.01 million in FY2023 (+25.2%), $39.96 million in FY2022 (+22.5%) and $32.61 million in FY2021 (+34.6%).
- The Q4 2025 figure marks the highest quarterly Work In Process since Q2 2024.
- Compared with a year earlier, Work In Process was higher in five of the last eight quarters, with growth averaging 3.3%.
- The best year-over-year quarter for Work In Process over five years was Q1 2023 (growth of 44.8%); the worst was Q1 2025 (a decline of 9.4%).
- Per Business Quant data, AXTI's Work In Process in the three quarters before Q4 2025 was $48.71 million (Q3 2025), $49.4 million (Q2 2025) and $49.16 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nvidia | 5,176.18 Bn | 4,950.34 Bn | 72.14 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,151.74 Bn | 1,776.60 Bn | 27.22 Bn |
| 3 | Broadcom | 1,543.28 Bn | 1,469.32 Bn | 20.46 Bn |
| 4 | Micron Technology | 990.33 Bn | 895.97 Bn | 47.05 Bn |
| 5 | Advanced Micro Devices | 835.50 Bn | 792.25 Bn | 6.20 Bn |
| 6 | Asml Holding | 619.35 Bn | 575.04 Bn | 5.90 Bn |
| 7 | Intel | 445.53 Bn | 314.66 Bn | 6.51 Bn |
| 8 | Applied Materials | 302.96 Bn | 268.40 Bn | 4.59 Bn |
| 9 | Lam Research | 294.96 Bn | 271.76 Bn | 3.48 Bn |
| 10 | Axt | 3.28 Bn | 2.53 Bn | 21.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 53.67 Mn |
| Sep 30, 2025 | 48.71 Mn |
| Jun 30, 2025 | 49.40 Mn |
| Mar 31, 2025 | 49.16 Mn |
| Dec 31, 2024 | 50.78 Mn |
| Sep 30, 2024 | 52.68 Mn |
| Jun 30, 2024 | 53.85 Mn |
| Mar 31, 2024 | 54.28 Mn |
| Dec 31, 2023 | 50.01 Mn |
| Sep 30, 2023 | 47.65 Mn |
| Jun 30, 2023 | 45.46 Mn |
| Mar 31, 2023 | 46.94 Mn |
| Dec 31, 2022 | 39.96 Mn |
| Sep 30, 2022 | 40.49 Mn |
| Jun 30, 2022 | 35.98 Mn |
| Mar 31, 2022 | 32.41 Mn |
| Dec 31, 2021 | 32.61 Mn |
| Sep 30, 2021 | 30.22 Mn |
| Jun 30, 2021 | 27.02 Mn |
| Mar 31, 2021 | 26.29 Mn |
API Access
Axt Work In Process API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=work-in-process&ticker=AXTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "ticker": "AXTI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=work-in-process&ticker=AXTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();