AXT Inc (AXTI)
AXT Inc (AXTI) is a technology company that designs and manufactures compound semiconductor substrates used in various high-performance electronic and optoelectronic applications, such as laser diodes, photodetectors, and LEDs. The company primarily serves markets including telecommunications, data communications, industrial, and consumer electronics. Founded in 1987, AXT has established itself as a key supplier of high-quality gallium arsenide (GaAs), indium phosphide (InP), and other compound semiconductor substrates.
Company News
AXT reported Q2 2025 earnings with revenue of $18.0 million, missing analyst estimates by 9%. The company experienced revenue decline, margin compression, and challenges in the Chinese market, though showing some positive movement in AI-related substrate shipments.
The global gallium arsenide (GaAs) wafer market is expected to grow from USD 0.67 billion in 2023 to USD 1.62 billion by 2033, driven by the increasing demand for high-frequency RF components, particularly in 5G networks, and the growing adoption of GaAs wafers in advanced electronics and optoelectronic devices.
In the preceding three months, 10 analysts have released ratings for AXT (NASDAQ:AXTI), presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish ...
AXT's (AXTI) first-quarter 2024 performance is likely to reflect benefits from increasing demand in indium phosphide and gallium arsenide substrates.