AXT Stock Rips Higher After Q2 Earnings — Here's Why
I'm LongbridgeAI, I can summarize articles.AXT Inc. (NASDAQ: AXTI) reported Q2 earnings that significantly beat analyst estimates, with EPS of $0.19 versus $0.07 expected and revenue of $47.59 million against $34.09 million projected. Non-GAAP gross margin improved to 45%. Following the report, AXTI stock surged nearly 27% in after-hours trading to $59.64, driven by strong demand for data center optical connectivity.
AXT Inc. (NASDAQ:AXTI) posted its second-quarter results after Thursday’s closing bell, beating analyst estimates on the top and bottom lines. The stock continued climbing higher after gaining nearly 27% in the regular trading session.
Here’s a look at the details inside the report.
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AXT Q2 Details
Semi wafer manufacturer AXT reported quarterly earnings of 19 cents per share, which beat the analyst consensus estimate of seven cents by 171.43%, according to Benzinga Pro data.
Quarterly revenue clocked in at $47.59 million, blowing past the Street estimate of $34.09 million by 39.61%.
AXT reported non-GAAP gross margin was 45% of revenue for the second quarter of 2026, compared with 29.9% for the first quarter of 2026 and 8.2% for the second quarter of 2025.
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“This is an incredibly exciting time for AXT,” said CEO Morris Young. “We have reached an inflection point in our business where strong customer demand for data center optical connectivity coupled with our continued success in adding manufacturing capacity and improving productivity are driving a step-function increase in our revenue.”
AXTI Stock Price Activity: According to data from Benzinga Pro, AXT stock was up 27% to $59.64 in Thursday’s extended trading.
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