AXT, Inc. Announces Second Quarter 2026 Financial Results
AXT reported Q2 2026 revenue of $47.6 million, surging 77% sequentially and 164% year-over-year, driven by strong demand for data center optical connectivity. The company swung to a GAAP net income of $11.1 million, or $0.17 per diluted share, compared to a net loss of $7.0 million in the prior-year quarter.
Key figures
- Eps
- 0.17
- Revenue
- 47600000
- Gross profit
- 21366000
- Gaap net income
- 11100000
- Operating income
- 10423000
- Gaap gross margin
- 44.9%
- Cash and equivalents
- 412167000
AI analysis
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