AXT Inc (AXTI)
NASDAQ:AXTI
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: solid revenue growth, a major capital raise, a >$100M indium phosphide backlog, material margin improvement, and a clear multi-stage capacity expansion plan that positions the company to benefit from AI and optical market growth. However, meaningful execution risks remain—most notably the unpredictability of China export permits (including pending U.S. permits), high near-term CapEx and working capital needs, regional revenue concentration, and the technical/qualification challenges of migrating to larger wafer sizes. On balance, the positive financial and commercial developments and a path to near-term profitability outweigh the listed risks.Company Guidance
Revenue Growth
Q1 2026 revenue was $26.9 million (versus $23.0M in the most recent comparative period and $19.4M in the year-ago period), implying roughly +17% sequential and +39% year-over-year increases.
Indium Phosphide Strength & Mix
Indium phosphide revenue was $13.6 million, representing just north of 50% of total Q1 revenue and driving much of the margin and revenue expansion; indium phosphide backlog exceeded $100 million.
Margin Expansion
Non-GAAP gross margin improved to 29.9% (GAAP gross margin 29.6%), up from 21.5% (non-GAAP) and a negative gross margin in the prior-year period (non-GAAP -6.1%), a multi-decade-style swing in profitability.
Narrowing Losses and Path to Profitability
Non-GAAP operating loss narrowed to $0.55M (from $2.6M prior period and ~$9.6M year-ago); non-GAAP net loss was $0.585M ($0.01/share) versus $2.3M prior quarter and $8.2M year-ago. Company expects GAAP and non-GAAP profitability in Q2 with non-GAAP EPS $0.06–$0.08 and GAAP EPS $0.05–$0.07.
Substantial Capital Raise
Completed a $632.5 million capital raise to support Tongmei indium phosphide capacity expansion, R&D (including 6-inch IP), and working capital.
Aggressive Capacity Expansion Plan
Company is ahead of plan to double indium phosphide capacity in 2026, targeting ~ $35M per quarter capacity by end of 2026 and ~ $65–$70M per quarter by 2027 (annualized exit rates cited of ~$140M then ~$280M).
Raw Materials & Vertical Integration
Subsidiary Jinmei began refining high-purity indium, strengthening control of critical raw materials and supporting guaranteed supply for indium phosphide substrates—positioned as a competitive differentiator.
Geographic & Customer Momentum
Asia Pacific comprised 78% of revenue in Q1; top five customers ~32% of revenue with no single customer >10%; management reports expanding relationships with tier-one customers and hyperscalers, and increased customer visibility and long-term supply discussions.
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
AXTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $79.22 | $96.00 | +21.18% |
Feb 19, 2026 | $23.81 | $29.68 | +24.65% |
Oct 30, 2025 | $7.32 | $7.95 | +8.61% |
Jul 31, 2025 | $2.08 | $1.92 | -7.69% |
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.
FAQ
When does AXT Inc (AXTI) report earnings?
AXT Inc (AXTI) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is AXT Inc (AXTI) earnings time?
AXT Inc (AXTI) earnings time is at Jul 29, 2026, After Close (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 2026 (Q2) is 0.07.
