Form 8-K · Current Report · Filed 2026-07-29
AXT, Inc. Announces Long-Term Supply Agreement with Lumentum
AXT, Inc. has entered into a six-year Capacity Reservation Agreement with Lumentum Operations, LLC for the supply of indium phosphide wafer substrates. Under the terms of the agreement, AXT will reserve a minimum annual commitment of the substrates for Lumentum, with an initial deposit of $43,500,000 due within 30 business days and a second deposit of $43,500,000 to be determined in 2028. The deposits will be applied as shipment credits towards the purchase of the substrates. The agreement can be renewed for additional one-year periods.
- Filer
- Axt, Inc. AXTI · NASDAQ
- Filed
- Accession
- 0001437749-26-024883
- CIK
- 0001051627
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$42.76
Next session
+9.8%
Since filing
+41.3%
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 2 Form 4 transactions — net selling of $1.6M.
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.
Never miss another AXTI filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.