AXT (NASDAQ:AXTI) Updates Q3 2026 Earnings Guidance

AXT (NASDAQ:AXTI) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $66.0 million-$66.0 million, compared to the consensus revenue estimate of $38.7 million.

AXT Price Performance

AXTI traded up $9.97 during trading on Thursday, reaching $46.94. 18,036,077 shares of the stock traded hands, compared to its average volume of 10,065,020. AXT has a fifty-two week low of $1.85 and a fifty-two week high of $143.16. The stock’s 50-day simple moving average is $78.92 and its two-hundred day simple moving average is $61.58. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -151.41 and a beta of 1.86.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%. Research analysts anticipate that AXT will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AXTI shares. B. Riley Financial dropped their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.00.

Insider Transactions at AXT

In related news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Morris S. Young sold 123,601 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. The trade was a 5.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 251,636 shares of company stock worth $27,789,677. 5.97% of the stock is owned by corporate insiders.

More AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Strong earnings and revenue beat: AXT reported second-quarter revenue of $47.6 million, up roughly 165% year over year and well above the $34.8 million consensus estimate. Earnings were reported at $0.19 per diluted share, exceeding the $0.07 analyst estimate. A third-party financial-data provider also reported $21.4 million of gross profit, $10.4 million of operating income and $11.1 million of net income attributable to common shareholders. AXT Second-Quarter 2026 Financial Results
• Positive Sentiment: Demand outlook is improving: CEO Morris Young said AXT is reaching an inflection point, driven by customer demand for data-center optical connectivity and continued success adding manufacturing capacity. This supports expectations for sustained growth in compound-semiconductor wafer substrates. AXT Second-Quarter 2026 Financial Results
• Positive Sentiment: Long-term Lumentum agreement: AXT entered into a multiyear supply and capacity-reservation agreement with Lumentum Operations for indium phosphide wafer substrates. The deal improves visibility into future demand and reinforces AXT’s position in optical communications. AXT Long-Term Supplier Agreement with Lumentum
• Neutral Sentiment: Strong liquidity: Cash and equivalents rose to approximately $445.2 million, providing financial flexibility for capacity expansion. However, operating cash flow was negative $11.7 million during the quarter.
• Negative Sentiment: Heavy insider selling: Company insiders reportedly made 33 open-market sales and no purchases over the past six months, including substantial sales by CEO Morris Young. This may raise concerns about valuation or insider confidence.
• Negative Sentiment: Mixed valuation signals: B. Riley issued a pessimistic forecast, while recent analyst price targets have ranged widely from $21 to $93. That dispersion reflects uncertainty about how durable the rapid growth will be.

Hedge Funds Weigh In On AXT

A number of institutional investors have recently made changes to their positions in AXTI. XTX Topco Ltd bought a new stake in AXT during the 2nd quarter valued at approximately $42,000. Jefferies Financial Group Inc. acquired a new position in shares of AXT during the third quarter worth approximately $52,000. State of Wyoming acquired a new position in shares of AXT during the fourth quarter worth approximately $69,000. Creative Planning bought a new stake in shares of AXT in the second quarter valued at approximately $86,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of AXT in the fourth quarter valued at approximately $98,000. 49.52% of the stock is currently owned by institutional investors.

About AXT

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.