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30.10.25 - 21:12
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AXT, Inc. Announces Third Quarter 2025 Financial Results (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2025.
Management Qualitative Comments
“This has been a highly active time for our business with the strong uptick in indium phosphide demand from data center applications globally,” said Morris Young, chief executive officer. “In Q3, our indium phosphide revenues grew more than 250 percent sequentially and reached a three-year high as we obtained export permits for a number of significant indium phosphide orders throughout the quarter. In addition, we continue to build healthy backlog for both indium phosphide and gallium arsenide materials as our industry and our customers adapt to a new normal within a rapidly changing environment. We remain highly focused on our efforts to drive gross margin recovery and expansion, operating expense discipline, and inventory reduction. With strong, ongoing marke...
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08.10.25 - 22:09
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AXT, Inc. Schedules Third Quarter 2025 Earnings Release for October 30, 2025 (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2025 in a press release immediately following the close of market on October 30, 2025.
The company will also host a conference call to discuss these results on October 30, 2025 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until November 6, 2025. Additional investor information can be accessed at http://www.axt.com.
About AXT, Inc.
AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a sem...
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18.07.25 - 00:06
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AXT, Inc. Announces Passing of Board Member Christine Russell (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, is saddened to report that Ms. Christine Russell, a member of the Company's Board of Directors, passed away on July 11, 2025. Ms. Russell joined the Company's Board in December 2019 as an independent director. Ms. Russell served as Chair of the Audit Committee and was a member of the Compensation Committee and the Nominating and Corporate Governance Committee.
“AXT is grateful for Christine's exemplary dedication and service to our company,” said Morris Young, Chief Executive Officer. “She brought tremendous intelligence, strategic planning and thoughtful decision-making to our board and she will be greatly missed. This is a sad moment in our history. On behalf of AXT's management and Board of Directors, we extend our sincerest condolences to her family and the breadth of Silicon Valley executives who hold her in high esteem.”
About AXT, Inc.
AXT is a material science comp...
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09.07.25 - 22:09
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AXT, Inc. Announces a Preliminary Revenue Range for Second Quarter 2025 (Business Wire)
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Second Quarter 2025 Earnings Announcement Scheduled for July 31, 2025FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced a preliminary revenue range for its second quarter, ended June 30, 2025. AXT's full financial results for the second quarter of 2025 are scheduled to be announced on July 31, 2025.
AXT expects preliminary revenue for the second quarter of 2025 to be in the range of $17.5 to $18 million, below the company's previously stated guidance of $20 million to $22 million provided on May 1, 2025. The preliminary revenue range for the second quarter of 2025 is primarily the result of slower than expected issuance of export control permits for the company's gallium arsenide products in Q2 and a weaker demand environment in China.
“Though we continue to feel confident about our participation in a number of exciting technology trends, the current geopolitical environment remains challenging across our business...
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01.05.25 - 22:09
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AXT, Inc. Announces First Quarter 2025 Financial Results (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2025.
Management Qualitative Comments
“While the geopolitical environment is creating undeniable challenges, we are focusing our energies where we can drive positive returns today,” said Morris Young, chief executive officer. “Tongmei, our China subsidiary, is uniquely positioned to optimize growth opportunities in China, such as high-speed data center connectivity and LIDAR for autonomous driving, and are pursuing these and other opportunities with success across key markets for indium phosphide, gallium arsenide, and germanium substrates. We are also working tirelessly on behalf of our global customer base to ensure that we can continue to support their needs across all our products.
“We were highly disappointed with our gross margin performance in Q1,” Young continued. “We believe there is a s...
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03.04.25 - 22:09
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AXT, Inc. Schedules First Quarter 2025 Earnings Release for May 1, 2025 (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the first quarter 2025 in a press release immediately following the close of market on May 1, 2025.
The company will also host a conference call to discuss these results on May 1, 2025 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until May 15, 2025. Additional investor information can be accessed at http://www.axt.com.
About AXT, Inc.
AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or ...
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20.02.25 - 22:09
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AXT, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results (Business Wire)
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Year on Year Revenue Increases 31 Percent
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the fourth quarter and fiscal year ended December 31, 2024.
Management Qualitative Comments
“Our growth in 2024 showed a year of improvement for AXT in several key areas,” said Morris Young, chief executive officer. “We delivered a 31 percent increase in revenue, a 21 percent improvement in non-GAAP gross profit, and a 40 percent improvement in non-GAAP net loss. Over the last twelve months we have aggressively advanced the technical specifications of our materials to help our global customer base solve complex, next-generation connectivity challenges. As such, 2024 marked a meaningful year of our revenue growth into the cloud and data center infrastructure market, as well as our successful penetration of the cell phone market, which is close to a $100M addressable market, and before now, largel...
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21.01.25 - 22:09
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AXT, Inc. Schedules Fourth Quarter 2024 Earnings Release for Feb. 20, 2025 (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2024 in a press release immediately following the close of market on Feb. 20, 2025.
The company will also host a conference call to discuss these results on Feb. 20, 2025 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until March 6, 2025. Additional investor information can be accessed at http://www.axt.com.
About AXT, Inc.
AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconduct...
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