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AXT Inc (AXTI)
:AXTI
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 10.37%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted some positive aspects such as improved cash reserves and cost management, as well as growth opportunities in China. However, these were overshadowed by substantial negative trends including significant revenue decline, negative gross margins, and challenges related to export restrictions and yield issues. The overall sentiment is cautious as the company navigates these challenges.Company Guidance
In the first quarter of fiscal year 2025, AXT reported revenue of $19.4 million, slightly above their projected midpoint, but down from $25.1 million in Q4 2024 and $22.7 million in Q1 2024. Revenue distribution included $3.8 million from indium phosphide, $6.7 million from gallium arsenide, $0.6 million from germanium substrates, and $8.3 million from consolidated raw material joint ventures. Geographically, 83% of revenue came from the Asia Pacific region, 11% from Europe, and 6% from North America. The company's non-GAAP gross margin was negative 6.1%, contrasting with positive margins in previous quarters, largely due to yield issues in gallium arsenide wafers and a shift in revenue mix. Operating expenses were reduced to $8.5 million on a non-GAAP basis. The company reported a non-GAAP net loss of $8.2 million or $0.19 per share, with a GAAP net loss of $8.8 million or $0.20 per share. Cash reserves increased by $4.4 million, totaling $38.2 million as of March 31. AXT anticipates Q2 revenue between $20 million and $22 million, expecting a gross margin recovery to approximately 10% based on manufacturing improvements.Cash and Cash Equivalents Increase
Cash and cash equivalents and investments increased by $4.4 million to $38.2 million as of March 31, compared to $33.8 million at December 31.
Cost Management Success
Total non-GAAP operating expense in Q1 was $8.5 million compared with $10.5 million in Q4 of 2024 and $8.7 million in Q1 of 2024, indicating effective cost control.
Strong Raw Material Joint Venture Sales
Revenue from consolidated raw material joint venture companies in Q1 was $8.3 million based on continued healthy demand.
Emerging Opportunities in China
Significant growth opportunities identified in China's data center connectivity market, with expected healthy double-digit growth for revenue from data center applications in China.
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AXTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AXTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $1.35 | $1.39 | +2.96% |
Feb 20, 2025 | $2.29 | $1.58 | -31.00% |
Oct 31, 2024 | $2.58 | $2.11 | -18.22% |
Aug 01, 2024 | $3.29 | $2.68 | -18.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AXT Inc (AXTI) report earnings?
AXT Inc (AXTI) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is AXT Inc (AXTI) earnings time?
AXT Inc (AXTI) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AXTI EPS forecast?
AXTI EPS forecast for the fiscal quarter 2025 (Q2) is -0.13.
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