AXT reports strong Q2 2026 financial results driven by data center demand
Revenue reached $47.6 million with $11.1 million net income, up significantly from prior quarters due to increased capacity and productivity.
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Manufacturer of compound and single-element semiconductor wafer substrates
investors.axt.comLast updated
In short: AXT reported record Q2 2026 revenue of $47.6 million and $11.1 million net income.
Revenue reached $47.6 million with $11.1 million net income, up significantly from prior quarters due to increased capacity and productivity.
Revenue reached $47.6 million, a significant increase from $26.9 million in Q1 and $18.0 million a year ago. GAAP net income was $11.1 million.
Net income reaches $11.1 million against a prior year loss. The company completed a significant secondary public offering in April.
The deal includes a $43.5 million deposit and secures supply through 2031 for indium phosphide substrates.
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — AXT Inc. (AXTI) on Thursday reported third-quarter net income of $25.7 million, after reporting a loss in...
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