Education
About Us
Working with TipRanks
Follow Us
AXT Inc (AXTI)
NASDAQ:AXTI
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.19Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong demand fundamentals and forward-looking opportunity—backlog >$60M, broadening Tier 1 customer adoption, vertical supply-chain progress, a sizable cash raise, and a concrete capacity expansion plan—balanced against near-term operational and financial headwinds: Q4 revenue declined QoQ, the company remains unprofitable, inventory is elevated, and the ability to convert backlog to revenue is heavily dependent on uncertain China export permits. Management is constructive and has near-term revenue visibility (~$26M for Q1) but recognizes permit unpredictability as the principal risk to execution.Company Guidance
Backlog Reached New High
Indium phosphide backlog exceeded $60.0 million, up from $49.0 million in the prior quarter (increase of >$11.0M, ~>22%), providing strong near- to medium-term revenue visibility.
Substantial Cash Raise Strengthens Balance Sheet
Cash, cash equivalents and investments increased by $97.2 million to $128.4 million as of 12/31/25, primarily from a public offering that generated approximately $93.9 million, providing funding for planned capacity expansion.
Clear Demand Drivers — AI / Data Center Growth
Company expects sequential revenue growth in Q1 driven by indium phosphide for AI/data center build-out; China data center–related revenue expected to grow by more than 60% in Q1 versus Q4.
Capacity Expansion Roadmap
AXT added ~25% capacity since the prior report and is on track to double capacity from Q4 2025 levels by end of 2026 (estimated run-rate ~ $35M/quarter); planned near-term CapEx for this phase ~ $30M, with potential further expansion in 2027 (additional $100–150M for greenfield).
Improved Profitability Trends Year-over-Year
Non-GAAP operating loss narrowed to $2.6M in Q4 2025 from $5.4M in Q4 2024 (improvement of $2.8M, ~52% improvement) and non-GAAP net loss improved to $2.6M from $4.2M year-over-year (~38% improvement).
Diversifying Customer Base and Product Mix
Winning broader indium phosphide customer set including Tier 1 laser and optical transceiver manufacturers (China and global); top 5 customers represented ~22.6% of revenue and no single customer >10%, indicating customer diversification.
Vertical Integration and Raw Materials Progress
Raw material joint venture revenue was $7.6M in Q4; subsidiary JinMei began refining high-quality indium, strengthening control of a critical material supply for indium phosphide substrates.
Q1 Near-Term Revenue Visibility
Management stated there is approximately $26M of revenue that can likely be recognized in Q1 (either already permitted to ship or not requiring export permits), with potential upside if additional permits are obtained.
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 |
|---|---|---|---|
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% |
May 01, 2025 | $1.35 | $1.39 | +2.96% |
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 Apr 23, 2026, After Close (Confirmed).
What is AXT Inc (AXTI) earnings time?
AXT Inc (AXTI) earnings time is at Apr 23, 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 (Q1) is -0.05.
