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The latest announcement is out from AXT ( (AXTI) ).
On January 8, 2026, AXT updated its revenue expectations for the fourth quarter of 2025, projecting sales of $22.5 million to $23.5 million, a reduction primarily attributed to fewer-than-anticipated export control permits for indium phosphide issued by China’s Ministry of Commerce, which constrained shipments in December despite strong customer demand. Management highlighted that the company remains in the early stages of a multi-year growth cycle driven by AI-related infrastructure and high-speed optical connectivity, is on track to more than double indium phosphide capacity in the second half of 2026, and intends to deploy proceeds from a December capital raise to expand manufacturing capacity for anticipated data center growth; AXT also scheduled its fourth-quarter 2025 earnings release and call for February 19, 2026 and confirmed its participation in the 28th Annual Needham Growth Conference in New York on January 14, 2026.
The most recent analyst rating on (AXTI) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on AXT stock, see the AXTI Stock Forecast page.
Spark’s Take on AXTI Stock
According to Spark, TipRanks’ AI Analyst, AXTI is a Neutral.
The score is held back mainly by weak financial performance (losses and negative operating cash flow). Offsetting factors include strong technical strength (price above key averages) and an improving earnings trajectory with strong indium phosphide demand and backlog, while valuation remains challenged due to unprofitability and the recent equity raise introduces dilution risk.
To see Spark’s full report on AXTI stock, click here.
More about AXT
AXT, Inc., based in Fremont, California, is a materials science company that develops and manufactures high-performance compound and single-element semiconductor substrate wafers made from indium phosphide, gallium arsenide and germanium. Its wafers are used where traditional silicon cannot meet performance requirements, serving end markets such as 5G infrastructure, data center connectivity and silicon photonics, passive optical networks, LED lighting, lasers, sensors, wireless power amplifiers and satellite solar cells. The company has Asia headquarters and three manufacturing facilities in China and holds partial ownership in ten Chinese raw materials suppliers as part of its integrated supply chain strategy.
Average Trading Volume: 4,305,311
Technical Sentiment Signal: Buy
Current Market Cap: $1.33B
Find detailed analytics on AXTI stock on TipRanks’ Stock Analysis page.