AXTI
AXT, Inc.
Price as of Jul 20, 2026
AXTI earnings
AXT, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $-0.04 | $-0.01 | +75.0% | $27M | +2.7% |
| Feb 19, 2026 | $-0.04 | $-0.05 | -25.0% | $23M | -13.9% |
| Oct 30, 2025 | $-0.11 | $-0.03 | +72.7% | $28M | -2.8% |
| Jul 31, 2025 | $-0.13 | $-0.15 | -15.4% | $18M | -7.9% |
| May 1, 2025 | $-0.13 | $-0.19 | -46.2% | $19M | +2.0% |
| Feb 20, 2025 | $-0.04 | $-0.10 | -150.0% | $25M | +4.9% |
| Oct 31, 2024 | $-0.06 | $-0.05 | +16.7% | $24M | -1.2% |
| Aug 1, 2024 | $-0.05 | $-0.02 | +60.0% | $28M | +6.1% |
| May 2, 2024 | $-0.08 | $-0.03 | +62.5% | $23M | +5.2% |
| Feb 22, 2024 | $-0.13 | $-0.07 | +46.2% | $20M | +16.3% |
| Nov 2, 2023 | $-0.13 | $-0.12 | +7.7% | $17M | -3.6% |
| Aug 3, 2023 | $-0.10 | $-0.10 | +0.0% | $19M | -7.1% |
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Capacity expansion: Plan to double indium phosphide capacity this year, with a brownfield site helping reach ~$35M per quarter by end of 2026, and looking at greenfield expansion beyond. - Market trends: Expect market for optical components to grow significantly in next 3-5 years, driven by scale-out and scale-up applications. CPO co-packaged optics is a developing market. - Customer engagement: Expanding Indian Phosphide customer base to nearly all leading optical customers globally. Making progress on six-inch phosphide product for different specifications. - Geographic demand: AI infrastructure build-out in US drives demand for certain optical components, and significant growth in China as it accelerates AI supply chain capabilities.
Guidance
- Q2 expected to have sequential revenue growth, driven by indium phosphide, with indium phosphide backlog over $100M. - Expect to achieve profitability on both GAAP and non-GAAP basis in Q2. Non-GAAP net income range $0.06 - $0.08, GAAP net income range $0.05 - $0.07. - Approximately $34 million in revenue can be realized in Q2 for which permit to ship or no permit required.
Segment performance
Revenue for Q1 2026 was $26.9 million. By product category: Indian Phosphide was $13.6 million (primarily from data center applications), Gallium arsenide was $5.4 million, Germanium substrates were $200,000, and revenue from consolidated raw material joint venture companies was $7.6 million. Revenue contribution: Indian Phosphide was approximately 50.56% ($13.6M / $26.9M), Gallium arsenide was ~20.07% ($5.4M / $26.9M), Germanium substrates was ~0.07% ($200,000 / $26.9M), and raw material joint venture was ~28.25% ($7.6M / $26.9M). Geographic revenue: Asia Pacific 78%, Europe 21%, North America 1%.
Risks & headwinds
- Uncertainty in export permit timing and obtaining for US customers. - Financial performance of partially owned supply chain companies. - Increased environmental regulations in China.
Analyst Q&A
Q: Regarding long-term supply agreements with customers, are you close to resolution?
A: Yes, talking to many customers and expect resolution in near future.
Q: Update on relationships with Tier 1 customers?
A: Qualifying wafers with many Tier 1 customers and supplying to new ones.
Q: Update on pricing for Indian phosphide substrates?
A: Raising prices due to raw material cost increase and globalizing pricing.
Q: Capacity max output and expansion plans?
A: End of 2026 expected to be at ~$35M per quarter in indium phosphide, with greenfield expansion in 2028 and beyond.
Q: CAPEX requirements for capacity builds?
A: This year ~$35M in capex, next year ~$100M, greenfield beyond ~$200M.
Q: China's percentage in indium phosphide business?
A: ~30% in Q2, expected to increase to ~40% in Q4.
Q: Gross margin outlook?
A: Targeting 35% range initially, with potential for higher but need to prove first
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-30.