AXT (NASDAQ:AXTI) Issues Q3 2026 Earnings Guidance

AXT (NASDAQ:AXTI) updated its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $66.0 million-$66.0 million, compared to the consensus revenue estimate of $38.7 million.

AXT Stock Up 27.0%

Shares of NASDAQ AXTI traded up $9.97 during trading on Thursday, reaching $46.94. 18,036,077 shares of the stock were exchanged, compared to its average volume of 7,702,325. The business’s 50-day moving average price is $77.44 and its 200 day moving average price is $61.74. AXT has a twelve month low of $1.85 and a twelve month high of $143.16. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of -151.41 and a beta of 1.86.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The business had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. As a group, sell-side analysts expect that AXT will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AXTI shares. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Finally, B. Riley Financial cut their price target on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AXT has a consensus rating of “Hold” and a consensus price target of $50.00.

Insider Buying and Selling

In related news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, the director owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 251,636 shares of company stock worth $27,789,677. Corporate insiders own 5.97% of the company’s stock.

Key AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 results exceeded expectations. AXT reported revenue of $47.6 million, up approximately 165% year over year and ahead of the $34.8 million consensus estimate. EPS was reported at $0.17-$0.19, versus expectations of $0.07. Gross profit reached $21.4 million, while operating profit was $10.4 million and net income attributable to common shareholders was $11.1 million. AXT Second Quarter 2026 Financial Results
• Positive Sentiment: Guidance was far above analyst estimates. For the third quarter, management projected EPS of $0.30-$0.32, compared with the $0.10 consensus, and revenue of approximately $66 million, versus an estimate of $38.7 million. The forecast suggests continued acceleration in demand and operating leverage. AXT Stock Rips Higher After Q2 Earnings
• Positive Sentiment: AI-related demand is supporting the growth narrative. Management cited strong customer demand for data-center optical connectivity, while recent manufacturing expansion and customer additions are positioning AXT to benefit from AI infrastructure investment. AXT Surges After Q2 Results
• Positive Sentiment: A long-term Lumentum agreement improves visibility. AXT secured a capacity reservation and supply agreement for indium phosphide wafer substrates, potentially providing more predictable future demand from a major optical-components customer. AXT Long-Term Supplier Agreement with Lumentum

Hedge Funds Weigh In On AXT

Large investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of AXT during the fourth quarter worth $69,000. Kestra Advisory Services LLC acquired a new position in shares of AXT in the 4th quarter valued at about $98,000. Algert Global LLC boosted its holdings in shares of AXT by 31.9% in the 3rd quarter. Algert Global LLC now owns 28,800 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 6,970 shares during the period. Acadian Asset Management LLC grew its position in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 8,039 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of AXT by 1,071.5% during the 4th quarter. Osaic Holdings Inc. now owns 11,012 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 10,072 shares during the last quarter. 49.52% of the stock is currently owned by institutional investors.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.