AXT Inc. (AXT) Up 21.5% Ahead of Earnings

AXT Inc. (NASDAQ:AXT) is one of the 10 Stocks Powering Portfolios by Double Digits.

AXT grew its share prices by 21.46 percent week-on-week, as investors snapped up its shares ahead of the results of its first quarter earnings performance, helped by the management’s upbeat outlook for the period.

AXT Inc. (NASDAQ:AXT) is scheduled to announce its financial and operating highlights on April 30, 2026, to be complemented by a conference call to elaborate on the results.

A semiconductor. Photo by Tima Miroshnichenko on Pexels

In its last earnings call, AXT Inc. (NASDAQ:AXT) issued a “sequential revenue growth” outlook for the first quarter of the year after gaining progress on its export permits for indium phosphide early in the year.

The development bolstered targets of doubling its manufacturing capacity by the end of the year, as it eyes capturing a significant share in the rapidly growing artificial intelligence sector.

“We are in a strong position to achieve sequential revenue growth in Q1, driven primarily by growth in indium phosphide for the AI infrastructure build-out,” AXT Inc. (NASDAQ:AXTI) CEO Morris Young said.

“We are … on track to double our indium phosphide manufacturing capacity this year and have a strong balance sheet to support our continued business expansion,” he noted.

Last year, AXT Inc. (NASDAQ:AXTI) widened its attributable net loss by 83 percent to $21.26 million from $11.6 million in 2024. Revenues also declined by 11 percent to $88 million from $99 million year-on-year.

In the fourth quarter alone, attributable net loss narrowed by 31 percent to $3.5 million from $5.09 million, while revenues dropped by 8 percent to $23 million from $25 million.

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