Latest AXT, Inc. News & Updates

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AXT, Inc. (AXT)

Manufacturer of compound and single-element semiconductor wafer substrates

axt.com

Headquarters: Fremont, United States
Founded year: 1986
Company type: Public company
Number of employees: 1,000–5,000
Industry: Semiconductors

Last updated Today

Latest news about AXT, Inc. (AXT)

In short: AXT expanded its indium phosphide capacity and secured major supply deals, while its subsidiary Tongmei shifted its IPO focus to Hong Kong.

Company announcements

June 22 AXT

AXT appoints Tracy Liu to its board of directors

Liu brings over 30 years of business advisory experience and will help strengthen the board's understanding of global operations.

April 24 AXT

AXT announces exercise of over-allotment option

Underwriters purchase additional 1,284,046 shares at $64.25, yielding $82.5 million gross proceeds. Funds support subsidiary capacity expansion, R&D, and working capital.

April 20 AXT

AXT announces public offering of common stock

The company intends to use proceeds to support subsidiary capacity expansion, R&D, and working capital. Underwriters get a 30-day overallotment option.

March 31 AXT

AXT announces Q1 2026 financial results

Revenue reaches $26.9 million, gross margin 29.6%, net loss $1.6 million. Raised $632.5 million for indium phosphide expansion.

Media coverage

Yesterday Seeking Alpha

China launching near-packaged optics is 'directly positive' for AXT, Wedbush says

China launched its first domestic near-packaged optics multi-source agreement for artificial intelligence interconnects, a move that Wedbush Securities said is “directly positive” for AXT (AXTI...

July 15 The Globe and Mail

AXT (AXTI) Receives a Rating Update from a Top Analyst

In a report released today, Matt Bryson from Wedbush maintained a Buy rating on AXT, with a price target of $93.00. TipRanks Welcomes a New...

July 14 StocksToTrade

AXTI Stock Rockets As AI Wafer Deals Drive Volatility - StocksToTrade

AXT’s Tongmei unit locked in a 2027 indium phosphide wafer deal with Nanjing Casela worth about $25.4M, with minimum take‑or‑pay terms and penalties that stabilize...

July 8 Law360

AXT Beats Suit Over Subsidiary IPO Risk Disclosures For Now - Law360

A California federal judge has tossed a suit alleging AXT Inc. and two of its executives misled investors about risks with a planned initial public...

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