What is AXT's backlog?

AXT reported $98.5M of remaining performance obligations at 30 Jun 2026. That is 0.8 years of trailing revenue already under contract.

AXT (AXTI) backlog: remaining performance obligations

How much revenue AXT already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view AXT competitor analysis

AXT reported $98.5M of remaining performance obligations at 30 Jun 2026. That is 0.8 years of trailing revenue already under contract.
Customer prepayments (contract liabilities) cover 12.9% of the backlog.
By backlog size it ranks 434th among US filers the cockpit tracks.

AXT backlog history

Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).

Amounts in USD. Source: SEC XBRL filings.
Quarter end	Backlog (RPO)	TTM revenue	Coverage	Customer prepayments
30 Jun 2026	$98.5M	$126M	0.8 yrs	$12.7M

Questions

What is AXT's backlog?: AXT reported $98.5M of remaining performance obligations at 30 Jun 2026. That is 0.8 years of trailing revenue already under contract.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.