AXT (AXTI) vs IPG Photonics (IPGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
AXT (AXTI) has outperformed IPG Photonics (IPGP) over the past year, gaining 1249.5% versus a loss of 11.4%. Over five years, AXTI leads with a +777.1% price change compared with -52.9% for IPGP. AXT is the larger company by market cap ($4.70 billion vs $3.31 billion), about 1.4 times the size, while IPG Photonics is growing revenue faster (+2.7% vs -11.1%).
On valuation, AXT trades at a lower forward P/E (31.8x vs 33.7x for IPG Photonics). IPG Photonics converts more of its revenue into profit, with a net margin of 3.1% 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 | IPGP |
|---|---|---|
| Share price | $71.66 | $77.74 |
| Market cap | $4.70B | $3.31B |
| 1-day change | -10.19% | -3.89% |
| YTD return | +338.29% | +8.58% |
| 1-year return | +1249.53% | -11.43% |
| 5-year return | +777.11% | -52.91% |
| P/E ratio (TTM) | — | 119.60 |
| Forward P/E | 31.85 | 33.70 |
| EPS (TTM) | $0.04 | $0.65 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $88.33M | $1.00B |
| Revenue growth (YoY) | -11.11% | +2.73% |
| Net income (latest FY) | $-21.26M | $31.10M |
| Gross margin | 12.73% | 38.00% |
| Operating margin | -24.88% | 1.31% |
| Net margin | -24.07% | 3.10% |
| 52-week high | $143.16 | $155.82 |
| 52-week low | $4.00 | $69.41 |
| Distance from 52-week high | -49.94% | -50.11% |
| Analyst consensus | none | buy |
| Avg. price target upside | +27.83% | +59.69% |
| Average volume | 9.83M | 471.26K |
| Shares outstanding | 65.57M | 42.53M |
| Employees | 1,541 | 4,840 |
| Sector | Technology | Technology |
| Industry | Semiconductor Equipment & Materials | 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 IPGP by 1261.0 percentage points over the past year.
- IPG Photonics is more profitable, keeping 3.1 cents of every revenue dollar as net income versus -24.1 cents for AXT.
- IPG Photonics grew revenue faster in its latest fiscal year (+2.73% vs -11.11%).
About AXT
AXTI stock →AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates.
Technology · Semiconductor Equipment & Materials · 1,541 employees
About IPG Photonics
IPGP stock →IPG Photonics Corporation develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used in materials processing, medical, and advanced applications. The company offers laser products, including hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; and high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers, as well as other versions.
Technology · Semiconductors · 4,840 employees
AXTI vs IPGP FAQ
Which is bigger, AXT or IPG Photonics?
AXT (AXTI) is larger, with a market capitalization of $4.70B compared with $3.31B for IPG Photonics (IPGP).
Which stock has performed better over the past year, AXTI or IPGP?
AXTI returned +1249.53% over the past 12 months, compared with -11.43% for IPGP (price return, excluding dividends). Past performance does not predict future results.
Are AXT and IPG Photonics in the same industry?
Both are in the Technology sector, but in different industries: Semiconductor Equipment & Materials for AXT and Semiconductors for IPG Photonics.