AXT (NASDAQ:AXTI) Releases Q2 2026 Earnings Guidance

AXT (NASDAQ:AXTI) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.060-0.080 for the period, compared to the consensus estimate of -0.010. The company issued revenue guidance of $34.0 million-$34.0 million, compared to the consensus revenue estimate of $30.3 million.

AXT Stock Up 21.2%

NASDAQ:AXTI traded up $16.78 on Friday, hitting $96.00. The stock had a trading volume of 19,934,142 shares, compared to its average volume of 10,573,467. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of -200.00 and a beta of 1.51. The company has a fifty day moving average price of $55.58 and a two-hundred day moving average price of $28.83. AXT has a 1-year low of $1.23 and a 1-year high of $96.32.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT had a negative net margin of 24.07% and a negative return on equity of 9.50%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, analysts anticipate that AXT will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AXTI shares. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Needham & Company LLC lowered shares of AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Wedbush increased their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. UBS Group set a $35.00 target price on shares of AXT in a research note on Tuesday, February 17th. Finally, B. Riley Financial increased their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.80.

Insiders Place Their Bets

In related news, Director David C. Chang sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the sale, the director directly owned 112,744 shares of the company’s stock, valued at $4,344,026.32. This represents a 15.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jesse Chen sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00. Following the sale, the director owned 123,612 shares in the company, valued at approximately $5,825,833.56. This trade represents a 10.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 502,278 shares of company stock valued at $21,196,754 over the last 90 days. 5.97% of the stock is owned by company insiders.

AXT News Summary

Here are the key news stories impacting AXT this week:

• Positive Sentiment: AXT issued bullish Q2 guidance — management set EPS guidance of $0.06–$0.08 and revenue guidance around $34M, well above consensus, giving investors a near-term profit and revenue outlook upgrade. Press Release
• Positive Sentiment: Q1 results beat estimates on both EPS and revenue: revenue grew ~39% YoY to ~$26.9M and GAAP EPS was a smaller-than-expected loss, which supports the upbeat guidance. Earnings Summary
• Positive Sentiment: AXT completed a large equity capital raise (~$550M–$632.5M in recent filings/offering) to fund Tongmei’s indium-phosphide capacity expansion and R&D — provides cash for growth initiatives that could drive longer-term revenue expansion. Offering Coverage
• Neutral Sentiment: Institutional activity and analyst views are mixed — several hedge funds added large positions recently, while analyst price targets vary widely (e.g., Wedbush $80 vs B. Riley $21), contributing to volatile sentiment. Institutional Activity
• Neutral Sentiment: Unusual options activity (spike in put volume) and pre-earnings positioning increased trading volatility—this can amplify moves in either direction. (reported market activity)
• Negative Sentiment: Significant insider selling has been reported (multiple insiders selling large blocks over recent months), which investors may view as a red flag on near-term insider confidence. Insider Trades
• Negative Sentiment: Company remains unprofitable on a GAAP basis with negative margins/ROE, so execution risk and margin recovery will be critical to sustain the rally. Earnings Detail

Institutional Investors Weigh In On AXT

A number of hedge funds have recently bought and sold shares of AXTI. State of Wyoming acquired a new position in shares of AXT during the fourth quarter worth about $69,000. Kestra Advisory Services LLC purchased a new position in AXT in the fourth quarter worth approximately $98,000. Osaic Holdings Inc. lifted its stake in AXT by 1,071.5% in the fourth quarter. Osaic Holdings Inc. now owns 11,012 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 10,072 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in AXT during the 3rd quarter worth approximately $52,000. Finally, SummitTX Capital L.P. purchased a new stake in shares of AXT in the 4th quarter valued at approximately $228,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.