AXT (AXTI) vs Enphase Energy (ENPH)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
AXT (AXTI) has outperformed Enphase Energy (ENPH) over the past year, gaining 1402.6% versus a loss of 7.6%. Over five years, AXTI leads with a +876.6% price change compared with -80.6% for ENPH. AXT is the larger company by market cap ($5.23 billion vs $4.43 billion), about 1.2 times the size, while Enphase Energy is growing revenue faster (+10.7% vs -11.1%).
On valuation, Enphase Energy trades at a lower forward P/E (15.3x vs 35.5x for AXT). Enphase Energy converts more of its revenue into profit, with a net margin of 11.7% versus -24.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AXTI | ENPH |
|---|---|---|
| Share price | $79.79 | $33.50 |
| Market cap | $5.23B | $4.43B |
| 1-day change | -5.08% | -1.21% |
| YTD return | +388.01% | +4.52% |
| 1-year return | +1402.64% | -7.64% |
| 5-year return | +876.62% | -80.63% |
| P/E ratio (TTM) | — | 33.50 |
| Forward P/E | 35.46 | 15.29 |
| EPS (TTM) | $0.04 | $1.00 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $88.33M | $1.47B |
| Revenue growth (YoY) | -11.11% | +10.72% |
| Net income (latest FY) | $-21.26M | $172.13M |
| Gross margin | 12.73% | 46.64% |
| Operating margin | -24.88% | 10.69% |
| Net margin | -24.07% | 11.69% |
| 52-week high | $143.16 | $73.74 |
| 52-week low | $4.00 | $25.78 |
| Distance from 52-week high | -44.27% | -54.57% |
| Analyst consensus | none | buy |
| Avg. price target upside | +14.80% | +53.31% |
| Average volume | 9.85M | 4.41M |
| Shares outstanding | 65.57M | 132.14M |
| Employees | 1,541 | 2,872 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AXTI has outperformed ENPH by 1410.3 percentage points over the past year.
- Enphase Energy is more profitable, keeping 11.7 cents of every revenue dollar as net income versus -24.1 cents for AXT.
- Enphase Energy grew revenue faster in its latest fiscal year (+10.72% vs -11.11%).
About AXT
AXTI stock →AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates.
Technology · Semiconductors · 1,541 employees
About Enphase Energy
ENPH stock →Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.
Technology · Semiconductors · 2,872 employees
AXTI vs ENPH FAQ
Which is bigger, AXT or Enphase Energy?
AXT (AXTI) is larger, with a market capitalization of $5.23B compared with $4.43B for Enphase Energy (ENPH).
Which stock has performed better over the past year, AXTI or ENPH?
AXTI returned +1402.64% over the past 12 months, compared with -7.64% for ENPH (price return, excluding dividends). Past performance does not predict future results.
Are AXT and Enphase Energy in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.