AXT, Inc. Announces Third Quarter 2026 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)---- $AXTI--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2026. Management Qualitative Comments “This is a pivotal and exciting period for AXT,” said Morris Young, chief executive officer. “Our revenue in Q3 reached a record $73.4 million, up 54 percent from the prior quarter and up 162 percent year over year, driven by exceptionally strong customer.

Business Wire • 2 hours ago

AXT, Inc. Announces Up to RMB 3.67 Billion (Approximately US$545 Million) in Private Equity Financing for Subsidiary Tongmei

FREMONT, Calif--(BUSINESS WIRE)---- $AXTI--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that its majority-owned subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), has entered into definitive agreements for a private equity financing to fund further expansion of its manufacturing capacity for indium phosphide semiconductor substrates, expansion of its principal business operations, capital expenditures and general working capital.

Business Wire • Oct 28, 2026

TTMI vs. AXTI: Which AI Infrastructure Stock Is the Better Pick?

TTM Technologies and AXT ride the AI infrastructure boom, but contrasting growth, China exposure and valuations reveal which stock offers the stronger long-term case.

Zacks Investment Research • Oct 28, 2026

AXTI Stock Before Q3 Earnings Release: To Buy or Not to Buy?

AXT faces a key Q3 earnings test as AI-driven InP demand boosts growth prospects, while export permit risks and a lofty valuation cloud the case for buying.

Zacks Investment Research • Oct 27, 2026

3 Catalysts That Could Ignite AXTI Stock on Oct. 29 (And 1 Huge Risk)

AXT (NASDAQ:AXTI) reports third-quarter results on Oct. 29. Its indium phosphide (InP) wafers now feed AI data center optics.

24/7 Wall Street • Oct 26, 2026

AXT: The AI Infrastructure Bottleneck Wall Street May Be Underestimating

AXT sits at a critical bottleneck in the AI optical supply chain, where high barriers to entry and limited qualified suppliers make InP capacity increasingly valuable. Second-quarter revenue surged 164% year over year to $47.6 million, while gross margins reached 44.9%, demonstrating significant operating leverage. Major customers, including Coherent and Lumentum, are committing capital upfront to secure future supply, providing strong evidence of demand.

Seeking Alpha • Oct 17, 2026

AXT's Inventory Rises Sharply: Will Working Capital Pressure Grow?

AXTI's inventory rises 18% to $96.3 million, raising working-capital concerns despite strong InP demand, a $100 million-plus backlog and robust liquidity.

Zacks Investment Research • Oct 13, 2026

11 Stocks Most Likely to See a Short Squeeze Rally

Bond yields, oil prices, and inflation rhetoric have teamed up to make it tough for investors heading into earnings season.

Schaeffers Research • Oct 12, 2026

AXTI Stock Rises 21% in a Month: Should You Buy, Sell or Hold?

AXT's AI-driven InP growth, $100M-plus backlog and capacity expansion boost its outlook, but valuation and China exposure keep investors cautious.

Zacks Investment Research • Oct 7, 2026

Can Surging InP Demand Strengthen AXT's Long-Term Growth Potential?

AXTI's record InP sales, $100M-plus backlog, capacity expansion and multi-year deals position it to benefit from AI-driven optical demand.

Zacks Investment Research • Oct 5, 2026