8/103 sources · 3 publishersUpdated Oct 29, 21:37 UTC
AXT Posts Record Q3 Revenue and Earnings Beat
AXT reported record third-quarter 2026 revenue of $73.41M, up 162.2% year over year, and non-GAAP diluted EPS of $0.41. GAAP net income attributable to AXT was $25.7M, or $0.39 per diluted share, compared with a loss in the year-earlier quarter. Indium phosphide demand drove the performance, while shares fell 3.8% after hours.
Why it matters
The results show a sharp improvement in profitability alongside higher indium phosphide demand and expanded capacity. The initial after-hours share move was negative despite the reported earnings and revenue beats, indicating the market reaction was unfavorable at that time.
Key facts
- 1Q3 revenue was $73.41M, exceeding expectations by $7.41M and rising 162.2% year over year. seekingalpha.com
- 2Non-GAAP EPS was $0.41, $0.10 above expectations. seekingalpha.com
- 3GAAP net income attributable to AXT was $25.7M, or $0.39 per diluted share, versus a net loss of $1.9M, or $0.04 per diluted share, in the year-earlier quarter. tradingview.com
- 4AXT said indium phosphide material demand was the principal driver of record quarterly revenue. tradingview.com
- 5AXT shares fell 3.8% after hours following the report. seekingalpha.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.