• Reported GAAP EPS of -$0.08 up 33.33% YoY • Reported revenue of $23.04M down -8.22% YoY • AXT Inc. anticipates sequential revenue growth in Q1 2026, driven by indium phosphide for AI infrastructure. AXT Inc. also plans to double its indium phosphide manufacturing capacity this year, supported by its strong balance sheet.
Bullish
AXT Inc. anticipates Q1 2026 sequential revenue growth from AI infrastructure demand and is expanding its Tier-1 customer base. AXT Inc. also plans to double indium phosphide capacity.
Bearish
AXT Inc. faced a Q4 2025 revenue decline to $23M and an increased GAAP net loss of $3.5M. The Tongmei STAR Market IPO also remains a lengthy, uncertain process for AXT Inc.