Form 8-K · Current Report · Filed 2026-04-30
AXT, Inc. Reports First Quarter 2026 Financial Results
AXT, Inc. reported financial results for the first quarter of 2026, showing an increase in revenue to $26.9 million compared to $19.4 million in the first quarter of 2025. The company reported a GAAP gross margin of 29.6% and a non-GAAP gross margin of 29.9%. AXT, Inc. reported a GAAP net loss of $1.6 million and a non-GAAP net loss of $0.6 million. The company also announced a capital raise of $632.5 million and provided an update on the progress of its subsidiary's IPO on the STAR Market.
- Filer
- Axt, Inc. AXTI · NASDAQ
- Filed
- Accession
- 0001437749-26-014204
- CIK
- 0001051627
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$71.07
Next session
+35.1%
Since filing
-15.0%
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:
Insider tape
Within 45 days of this filing, AXTI insiders reported 19 Form 4 transactions — net selling of $27.1M.
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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