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Form 8-K · Current Report · Filed 2025-10-30

AXT, Inc. Reports Third Quarter 2025 Financial Results and STAR Market Listing Update

AXT, Inc. reported a 250% sequential increase in indium phosphide revenues for Q3 2025, reaching a three-year high. Revenue for the quarter was $28.0 million, with a GAAP gross margin of 22.3%. The company also provided an update on its subsidiary's STAR Market listing process in China, which remains under review by regulatory authorities.

Filer
Axt, Inc. AXTI · NASDAQ
Filed
Accession
0001437749-25-032429
CIK
0001051627
Signal
Low impactTechnology

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$7.07

Next session

+12.4%

Since filing

+754.7%

Latest close

$60.43

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AXTI reporting the same item, with the next session's move:

About Axt, Inc.

Axt, Inc. is a leading producer of high-performance compound semiconductor substrates. These substrates, such as gallium arsenide (GaAs), enable the efficient functioning of a diverse range of electronic and optoelectronic devices. Axt, Inc. plays a crucial role in enhancing the performance of high-frequency, high-power, and optically sensitive applications. The primary use of these substrates is found in industries like telecommunications, light-emitting diodes (LEDs), and solar cells. With its production facilities located primarily in China, Axt, Inc. serves a global market, catering to technology companies that require high-quality semiconductor materials. Through its extensive research and development initiatives, the company continually innovates to meet the growing demand for substrate materials that support advanced technology products. As a significant provider in the semiconductor supply chain, Axt, Inc. contributes to the advancement of next-generation technologies, supporting sectors that are critical to modern electronics and renewable energy solutions.

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