Profitelligence Profitelligence · Filing Ledger Open AXTI research →

Form 8-K · Current Report · Filed 2026-07-02

AXT, Inc. Enters into Major Supply Agreement with Coherent Corp

On June 26, 2026, AXT, Inc. through its subsidiary AXT-Tongmei, Inc., entered into a Master Development and Supply Agreement with Coherent Corp. The agreement involves a prepayment of $22,288,500 for the supply of 6-inch indium phosphide wafer substrates over an initial term of three years. AXT has committed to increasing its manufacturing capacity and delivering a specified capacity to Coherent, with provisions for termination and refunds under certain conditions.

Filer
Axt, Inc. AXTI · NASDAQ
Filed
Accession
0001437749-26-022557
CIK
0001051627
Signal
Medium impactTechnology

Items reported

Item events

Reported Item

New Major Contract Strategic Partnership Securities Purchase Agreement

Market reaction

Close before filing

$65.03

Next session

-2.3%

Since filing

-7.1%

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 21 Form 4 transactions — net selling of $28.7M.

Full AXTI insider history →

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.

Exchange NASDAQ Industry Semiconductor Equipment & Materials Company website ↗

Never miss another AXTI filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts