AXT, Inc. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $73.4 million, up 162 percent year over year
- ➤GAAP gross margin 56.0 percent, versus 22.3 percent year over year
- ➤GAAP diluted EPS $0.39, versus a $0.04 loss year over year
- ➤Non-GAAP diluted EPS $0.41, versus a $0.03 loss year over year
- ➤Indium phosphide revenue opportunity more than quadrupled through productivity gains and expanded capabilities
Expert Statements
Morris Young, Chief Executive Officer of AXT, Inc.
“This is a pivotal and exciting period for AXT”
Morris Young, Chief Executive Officer of AXT, Inc.
“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.”
Morris Young, Chief Executive Officer of AXT, Inc.
“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.”
Morris Young, Chief Executive Officer of AXT, Inc.
“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.”
AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2026.
“This is a pivotal and exciting period for AXT,” said Morris Young, chief executive officer. “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.”
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