AXT Inc Common Stock: Beat — EPS $0.41, Revenue $73.41M
Earnings BeatQ3 2026 · After-market
Did AXT Inc Common Stock (AXTI) beat earnings today?
Yes, AXT Inc Common Stock (AXTI) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+32.26% surprise
$0.41Actual
Expected: $0.31
vs. year ago +1466.7%
Total Revenue+11.23% surprise
$73.41MActual
Expected: $66M
vs. year ago +162.6%
Released Oct 29 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $73.41M | $27.95M | +162.6 |
| GAAP Basic EPS | $0.40 | -$0.04 | - |
| GAAP Diluted EPS | $0.39 | -$0.04 | - |
| Adj. EPS | $0.41 | -$0.03 | - |
| Net Income | $25.72M | ($1.91M) | - |
Business Highlights
- ➤Surpassed its 2026 commitment to double indium phosphide capacity.
- ➤More than quadrupled its 2026 indium phosphide revenue opportunity through productivity gains and expanded capabilities.
- ➤Expanded capabilities for high-value, large-diameter indium phosphide products.
- ➤Supports customers scaling demand for indium phosphide material.
- ➤Operates manufacturing facilities at three locations in China.
- ➤Maintains partial ownership in ten China-based raw-material supply companies.
- ➤Substrate wafers address applications including 5G, data centers, photonics and satellite solar cells.
Management Commentary
Morris Young, chief executive officer
“This is a pivotal and exciting period for AXT. Our revenue in Q3 reached a record $73.4 million, up 54 percent from the prior quarter and up 162 percent year over year, driven by exceptionally strong customer demand for our indium phosphide material. We entered 2026 with a commitment to double our indium phosphide capacity and I am pleased to report that not only have we surpassed that goal but we have more than quadrupled our 2026 indium phosphide revenue opportunity through additional productivity gains and the expansion of our capabilities for high-value, large diameter products. We remain laser-focused on execution and supporting our customers as they scale, and we believe we are well positioned for transformational growth as our market continues on an extraordinary trajectory.”