Live News • 15h
AXT Subsidiary Signs Long-Term Indium Phosphide Deal With Nanjing Casela Technologies AXT’s subsidiary Beijing Tongmei Xtal Technology signed a long-term agreement to supply Indium Phosphide substrates to Nanjing Casela Technologies for advanced semiconductor applications, in a deal Wedbush Securities described as “significant.”
Wedbush highlighted that the contract is intended to support product supply continuity and reduce export risk, which could be important for AXT’s ability to serve customers consistently in sensitive semiconductor markets.
AXT’s stock last traded at $92.44; it is up strongly year to date but has fallen 34.4% over the past 30 days, reflecting sharp swings around news and valuation concerns.
The supply deal points to a more anchored demand channel for AXT, but it sits alongside recent commentary about heavy insider selling and valuation risk, so position sizing and volatility tolerance remain central considerations. Announcement • 19h
AXT, Inc. Announces Appointment of Tracy Liu to Board of Directors and Member of Audit, Compensation and Nominating and Corporate Governance Committee, Effective June 17, 2026 AXT, Inc. announced that Tracy Liu had been appointed to the AXT Board of Directors, effective June 17, 2026. The AXT board expanded to five directors from the previous number of four. Ms. Tracy Liu’s term will expire at the Company’s annual meeting of stockholders in 2028. Ms. Liu will also serve on the audit, compensation and nominating and corporate governance committees of the Board. Liu brings more than 30 years of business advisory experience, tax strategy and accounting to AXT, including 10 years with Big Four public accounting firms and more than 20 years advising public and private companies. Throughout her career, she has worked extensively with high-technology and semiconductor companies in Silicon Valley and the Asia-Pacific region, providing strategic guidance on international tax planning, cross-border business operations, and stock compensation. Her experience advising multinational companies on restructuring initiatives, joint ventures, and regulatory matters in both the United States and China provides valuable insight into AXT's global operations and will help strengthen the Board's understanding of the business environment in which Tongmei, AXT’s subsidiary in China, operates. Liu currently serves as an independent director and Chair of the Audit Committee of ACM Research, Inc., a semiconductor equipment company, and was, until the STAR Market requirement for a supervisory board ended, Chairperson of the Supervisory Board of ACM Shanghai, a semiconductor equipment company listed on the Shanghai STAR Market. Her extensive experience with semiconductor and technology companies, combined with her public company board and audit committee leadership, brings significant financial, operational, and governance expertise to AXT. Liu holds a master’s degree in accounting with a specialization in taxation and a bachelor’s degree in computer science. She is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. Recent Insider Transactions Derivative • Jun 12
Independent Director notifies of intention to sell stock David Chang intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of June. If the sale is conducted around the recent share price of US$95.65, it would amount to US$797k. Since December 2025, David's direct individual holding has decreased from 132.74k shares to 73.50k. Company insiders have collectively sold US$71m more than they bought, via options and on-market transactions in the last 12 months. Live News • Jun 12
AXT Draws AI Market Interest as Price Target Rises and Capital Expansion Advances AXT shares have moved higher in response to strong investor interest in AI-related semiconductor materials for data centers, optical, 5G and satellite markets.
Northland Capital Markets raised its price target on AXTI stock from $90 to $125 and reiterated an Outperform rating, while AXT continues to engage investors through multiple institutional and growth conferences.
Shareholders approved an increase in authorized capital stock from 70 million to 120 million shares, following an underwritten public offering expected to raise about $550 million before expenses, and the company is preparing to update investors on Q2 earnings at the Northland Securities Virtual Growth Conference 2026.
Taken together, these developments reflect a company that is actively funding its expansion plans and working to keep AI-focused investors informed about its role in semiconductor substrate technologies.
At the same time, the larger share authorization and recent capital raise mean existing shareholders need to factor in potential dilution alongside any perceived benefits from the additional growth capital. Recent Insider Transactions • Jun 04
Co-Founder recently sold US$13m worth of stock On the 2nd of June, Morris Young sold around 112k shares on-market at roughly US$113 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Morris has been a net seller over the last 12 months, reducing personal holdings by US$29m. Live News • Jun 04
AXT Eyes Major Indium Phosphide Expansion to Meet Surging AI Networking Demand AXT plans to double its indium phosphide production capacity by the end of 2026 and then double it again in 2027, targeting growing optical networking demand linked to AI data traffic.
The company intends to expand output by repurposing existing facilities instead of constructing new plants, which is expected to keep capital needs and execution complexity more contained.
AXT highlights its vertically integrated supply chain and in-house crystal-growth furnace manufacturing as key advantages for meeting AI-related semiconductor material demand.
This expansion plan positions AXT to be a more central supplier to compound semiconductor customers that are tied into the AI and high-speed networking buildout.
Investors should watch how efficiently the company can ramp these repurposed facilities and whether customer orders ultimately match the larger capacity it is putting in place. Recent Insider Transactions Derivative • Jun 01
Lead Independent Director notifies of intention to sell stock Jesse Chen intends to sell 110k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of June. If the sale is conducted around the recent share price of US$106, it would amount to US$12m. Since March 2026, Jesse has owned 109.53k shares directly. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: US$0.03 loss per share (improved from US$0.20 loss in 1Q 2025). Revenue: US$26.9m (up 39% from 1Q 2025). Net loss: US$1.62m (loss narrowed 82% from 1Q 2025). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 232% per year, which means it is well ahead of earnings. Breakeven Date Change • May 03
Forecast breakeven date moved forward to 2026 The 5 analysts covering AXT previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$14.6m in 2026. Earnings growth of 83% is required to achieve expected profit on schedule. Announcement • Apr 22
AXT, Inc. has filed a Follow-on Equity Offering. AXT, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock New Risk • Apr 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (US$43m sold). Announcement • Apr 22
AXT, Inc. has completed a Follow-on Equity Offering in the amount of $549.999982 million. AXT, Inc. has completed a Follow-on Equity Offering in the amount of $549.999982 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,560,311
Price\Range: $64.25
Discount Per Security: $3.2125 Announcement • Apr 08
AXT, Inc. to Report Q1, 2026 Results on Apr 30, 2026 AXT, Inc. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Announcement • Mar 24
AXT, Inc., Annual General Meeting, May 14, 2026 AXT, Inc., Annual General Meeting, May 14, 2026. Location: 4281 technology drive, fremont, california 94538, United States Recent Insider Transactions • Mar 06
CFO, VP & Corporate Secretary recently sold US$17m worth of stock On the 2nd of March, Gary Fischer sold around 405k shares on-market at roughly US$41.46 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gary has been a net seller over the last 12 months, reducing personal holdings by US$18m. Recent Insider Transactions Derivative • Mar 03
Co-Founder notifies of intention to sell stock Morris Young intends to sell 160k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$43.32, it would amount to US$6.9m. For the year to December 2019, Morris' total compensation was 52% salary and 48% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Morris' direct individual holding has increased from 2.16m shares to 2.67m. Company insiders have collectively sold US$4.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: US$0.48 loss per share (further deteriorated from US$0.27 loss in FY 2024). Revenue: US$88.3m (down 11% from FY 2024). Net loss: US$21.3m (loss widened 80% from FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 62% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.4m sold). Announcement • Jan 30
AXT, Inc. Announces Board And Committee Changes, Effective January 26, 2026 As previously reported, on July 29, 2025, the board of directors (the “Board”) of AXT, Inc. (the “Company”) appointed Mr. Leonard J. LeBlanc as a non-independent member of its Board in reliance on the limited exception provided under the Nasdaq Listing Rules. On January 26, 2026, the Board re-evaluated Mr. LeBlanc’s independence under the Nasdaq Listing Rules, and determined that Mr. LeBlanc is now independent under the Nasdaq Listing Rules. Effective upon Mr. LeBlanc’s determination as an independent director by the Board, Mr. Jesse Chen stepped down as Chair of the Audit Committee and the Board appointed Mr. LeBlanc as Chair of the Audit Committee. Mr. Chen will remain a member of the Audit Committee. Announcement • Jan 09
AXT, Inc. to Report Q4, 2025 Results on Feb 19, 2026 AXT, Inc. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 New Risk • Jan 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (US$5.3m sold). New Risk • Jan 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (US$5.3m sold). Recent Insider Transactions Derivative • Dec 05
Co-Founder notifies of intention to sell stock Morris Young intends to sell 35k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of December. If the sale is conducted around the recent share price of US$12.05, it would amount to US$422k. For the year to December 2018, Morris' total compensation was 52% salary and 48% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Morris' direct individual holding has increased from 2.16m shares to 2.46m. Company insiders have collectively sold US$3.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Dec 03
Independent Director recently sold US$576k worth of stock On the 2nd of December, David Chang sold around 50k shares on-market at roughly US$11.53 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$894k. Insiders have been net sellers, collectively disposing of US$3.4m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 26
Independent Director notifies of intention to sell stock David Chang intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of November. If the sale is conducted around the recent share price of US$9.34, it would amount to US$934k. Since March 2025, David's direct individual holding has decreased from 252.57k shares to 207.74k. Company insiders have collectively sold US$2.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 20
Co-Founder recently sold US$344k worth of stock On the 17th of November, Morris Young sold around 33k shares on-market at roughly US$10.40 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$894k. Morris has been a net seller over the last 12 months, reducing personal holdings by US$995k. Recent Insider Transactions Derivative • Nov 18
Co-Founder exercised options to buy US$693k worth of stock. On the 14th of November, Morris Young exercised options to buy 70k shares at a strike price of around US$5.21, costing a total of US$365k. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. Since March 2025, Morris' direct individual holding has increased from 2.16m shares to 2.44m. Company insiders have collectively sold US$2.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 06
Co-Founder recently sold US$692k worth of stock On the 3rd of November, Morris Young sold around 80k shares on-market at roughly US$8.65 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Morris has been a net seller over the last 12 months, reducing personal holdings by US$651k. Recent Insider Transactions Derivative • Nov 04
Co-Founder notifies of intention to sell stock Morris Young intends to sell 80k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of November. If the sale is conducted around the recent share price of US$8.65, it would amount to US$692k. For the year to December 2018, Morris' total compensation was 52% salary and 48% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Morris' direct individual holding has increased from 2.16m shares to 2.55m. Company insiders have collectively bought US$63k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: US$0.043 loss per share (improved from US$0.069 loss in 3Q 2024). Revenue: US$28.0m (up 18% from 3Q 2024). Net loss: US$1.91m (loss narrowed 36% from 3Q 2024). Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 70%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 50% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Oct 31
AXT, Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 AXT, Inc. provided earnings guidance for the fourth quarter of 2025. The company has the capability to achieve revenue in the range of $27 million to $30 million, subject to the caveats I just mentioned. GAAP net loss will be in the range of $0.03 to $0.05. Announcement • Oct 09
AXT, Inc. to Report Q3, 2025 Results on Oct 30, 2025 AXT, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Reported Earnings • Aug 03
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: US$0.16 loss per share (further deteriorated from US$0.036 loss in 2Q 2024). Revenue: US$18.0m (down 36% from 2Q 2024). Net loss: US$7.01m (loss widened 349% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$91.5m market cap). Announcement • Jul 27
AXT Announces Non-Compliance Update As previously, on July 14, 2025, AXT, Inc. notified The Nasdaq Stock Market (“Nasdaq”) that as a result of the recent passing of Ms. Christine Russell, the Company is not compliant with Nasdaq Listing Rule 5605(c)(2)(A) as the Company’s Audit Committee currently consists of only two independent directors, rather than the minimum three independent directors as required by Nasdaq Listing Rule 5605(c)(2)(A). On July 18, 2025, Nasdaq notified the Company that due to the passing of Ms. Russell, the Company no longer complies with the audit committee requirement under Nasdaq Listing Rule 5605(c)(2)(A). Nasdaq further notified the Company that, consistent with Nasdaq Listing Rule 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance (i) until the earlier of the Company’s next annual meeting of shareholders or July 11, 2026; or, (ii) if the next annual meeting of shareholders is held before January 7, 2026, then the Company must provide evidence of compliance no later than January 7, 2026. The Company must submit to Nasdaq documentation, including biographies of any new directors, evidencing compliance with the rules no later than the foregoing period. The Company intends to regain compliance as soon as possible and the Board will add a new independent director who satisfies the applicable requirements of the Nasdaq Listing Rules prior to the expiration of the cure period described above. Announcement • Jul 18
AXT, Inc. Announces Demise of Christine Russell, Board and Committees Member AXT, Inc. reported that Ms. Christine Russell, a member of the Company’s Board of Directors, passed away on July 11, 2025. Ms. Russell joined the Company’s Board in December 2019 as an independent director. She served as Chair of the Audit Committee and was a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Major Estimate Revision • Jul 11
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$92.4m to US$81.3m. EPS estimate unchanged from -US$0.51 per share at last update. Semiconductor industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$3.85 to US$3.96. Share price rose 2.8% to US$2.20 over the past week. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (US$55.1m market cap). Major Estimate Revision • May 08
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$104.7m to US$92.3m. EPS estimate unchanged from -US$0.51 per share at last update. Semiconductor industry in the US expected to see average net income growth of 22% next year. Consensus price target down from US$5.00 to US$3.85. Share price fell 3.0% to US$1.31 over the past week. Reported Earnings • May 02
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$0.20 loss per share (further deteriorated from US$0.049 loss in 1Q 2024). Revenue: US$19.4m (down 15% from 1Q 2024). Net loss: US$8.80m (loss widened 314% from 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 28
Price target decreased by 7.7% to US$4.80 Down from US$5.20, the current price target is an average from 5 analysts. New target price is 240% above last closing price of US$1.41. Stock is down 53% over the past year. The company is forecast to post a net loss per share of US$0.27 next year compared to a net loss per share of US$0.27 last year. Announcement • Apr 07
AXT, Inc., Annual General Meeting, May 15, 2025 AXT, Inc., Annual General Meeting, May 15, 2025. Location: 4281 technology drive, california 94538, fremont, United States Announcement • Apr 04
AXT, Inc. to Report Q1, 2025 Results on May 01, 2025 AXT, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Major Estimate Revision • Feb 27
Consensus EPS estimates fall by 145% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$110.8m to US$104.7m. Losses expected to increase from US$0.11 per share to US$0.27. Semiconductor industry in the US expected to see average net income growth of 22% next year. Consensus price target down from US$5.20 to US$5.00. Share price fell 42% to US$1.32 over the past week. Price Target Changed • Feb 21
Price target decreased by 9.1% to US$5.00 Down from US$5.50, the current price target is an average from 5 analysts. New target price is 216% above last closing price of US$1.58. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$0.27 next year compared to a net loss per share of US$0.27 last year. Reported Earnings • Feb 21
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: US$0.27 loss per share (improved from US$0.42 loss in FY 2023). Revenue: US$99.4m (up 31% from FY 2023). Net loss: US$11.6m (loss narrowed 36% from FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Jan 22
AXT, Inc. to Report Q4, 2024 Results on Feb 20, 2025 AXT, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$91.5m market cap). Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: US$0.068 loss per share (improved from US$0.14 loss in 3Q 2023). Revenue: US$23.6m (up 36% from 3Q 2023). Net loss: US$2.94m (loss narrowed 50% from 3Q 2023). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Oct 03
AXT, Inc. to Report Q3, 2024 Results on Oct 31, 2024 AXT, Inc. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Aug 04
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$0.035 loss per share (improved from US$0.12 loss in 2Q 2023). Revenue: US$27.9m (up 50% from 2Q 2023). Net loss: US$1.52m (loss narrowed 71% from 2Q 2023). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 09
Consensus revenue estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$91.3m to US$104.2m. EPS estimate unchanged from -US$0.19 at last update. Semiconductor industry in the US expected to see average net income growth of 8.6% next year. Consensus price target of US$5.50 unchanged from last update. Share price rose 18% to US$3.57 over the past week. Announcement • May 08
Bragar Eagel & Squire, P.C. Announces Class Action Lawsuit Has Been Filed Against AXT, Inc. and Encourages Investors to Contact the Firm Bragar Eagel & Squire, P.C., announced that a class action lawsuit has been filed against AXT, Inc. in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired AXT securities between March 24, 2021 and April 3, 2024, both dates inclusive. Investors have until July 5, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: AXT, Inc. overstated its property holdings; the Company did not disclose that the attempted listing of an AXT, Inc. subsidiary in China had reportedly failed; AXT, Inc. routinely engaged in environmental violations and unsafe business practices; AXT’s production declined in 2023; and as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. Reported Earnings • May 03
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.048 loss per share (improved from US$0.08 loss in 1Q 2023). Revenue: US$22.7m (up 17% from 1Q 2023). Net loss: US$2.08m (loss narrowed 39% from 1Q 2023). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. 
