NasdaqGS:AXTISemiconductor
AXT (AXTI) Is Up 29.0% After Securing Long-Term Lumentum Deal And Amending Bylaws – Has The Bull Case Changed?
AXT, Inc. recently reported second-quarter 2026 results showing sales of US$47.59 million and net income of US$11.13 million, alongside issuing third-quarter GAAP net income guidance of US$0.29 to US$0.31 per share and amending its bylaws to lower the shareholder meeting quorum to one-third of eligible shares.
AXT also disclosed a long-term indium phosphide wafer substrate supply and capacity reservation agreement with Lumentum Operations, LLC, anchored by US$87,500,000 in deposits to be...