AXT (NASDAQ:AXTI) Updates Q3 2026 Earnings Guidance

AXT (NASDAQ:AXTI) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.300-0.320 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $66.0 million-$66.0 million, compared to the consensus revenue estimate of $38.7 million.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. B. Riley Financial decreased their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. UBS Group set a $90.00 price target on AXT in a research note on Friday. Finally, Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.00.

AXT Stock Performance

Shares of NASDAQ:AXTI traded up $13.49 during mid-day trading on Friday, hitting $60.43. 29,546,594 shares of the company traded hands, compared to its average volume of 8,113,285. The firm’s 50 day simple moving average is $75.83 and its 200 day simple moving average is $61.74. AXT has a 52-week low of $1.85 and a 52-week high of $143.16. The firm has a market cap of $3.95 billion, a P/E ratio of 3,021.50 and a beta of 1.86.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 1.55%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities research analysts expect that AXT will post 0.19 EPS for the current fiscal year.

Insider Transactions at AXT

In related news, Director David C. Chang sold 8,333 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the sale, the director owned 65,165 shares in the company, valued at $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 251,636 shares of company stock valued at $27,789,677. Insiders own 5.97% of the company’s stock.

Trending Headlines about AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 results substantially exceeded expectations: AXT reported $0.19 in earnings per share versus the $0.07 consensus estimate, while revenue reached approximately $47.6 million, well above estimates near $34 million and up sharply from the prior year. The company also reported improved gross and operating profitability. AXTI Q2 Earnings Beat on Record InP Demand, Revenues Rise Y/Y
• Positive Sentiment: AI-related demand is accelerating: Management cited record InP revenue and strong demand from data-center optical connectivity customers. AXT plans to expand capacity and increase output while targeting further margin improvement. AXTI Q2 Earnings Call Highlights AI Capacity Expansion
• Positive Sentiment: Q3 guidance was well above consensus: AXT forecast earnings of $0.30-$0.32 per share and revenue of roughly $66 million, compared with analyst expectations of $0.10 EPS and $38.7 million in revenue. AXT Stock Rips Higher After Q2 Earnings
• Positive Sentiment: Analyst sentiment improved: Needham upgraded AXT from Hold to Buy and assigned a $90 price target. Heavy call-option buying also indicated increased bullish trading interest. Needham Upgrades AXT to Buy
• Neutral Sentiment: Despite the improved quarter, AXT’s trailing net margin remains negative and the stock continues to exhibit significant volatility, increasing the risk of sharp price swings after the rally.
• Negative Sentiment: Reported insider-trading data shows executives made multiple sales and no purchases during the past six months, which could temper investor confidence, although these transactions may not reflect current operating conditions.

Hedge Funds Weigh In On AXT

A number of hedge funds have recently modified their holdings of AXTI. Tudor Investment Corp ET AL purchased a new stake in shares of AXT in the 4th quarter valued at approximately $278,000. Bank of America Corp DE raised its holdings in shares of AXT by 12,816.7% during the 3rd quarter. Bank of America Corp DE now owns 52,571 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 52,164 shares in the last quarter. SummitTX Capital L.P. bought a new stake in shares of AXT during the 4th quarter worth about $228,000. Osaic Holdings Inc. boosted its position in AXT by 1,071.5% during the fourth quarter. Osaic Holdings Inc. now owns 11,012 shares of the semiconductor company’s stock worth $180,000 after purchasing an additional 10,072 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in AXT in the 3rd quarter valued at $145,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

About AXT

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.