- Price
- $65.27
- Day
- -4.95%
- Mkt Cap
- $3.31B
- 52W Range
- $1.96 – $143.16
- Volume
- 23.12M
- Beta
- 1.87
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The Nasdaq is leading a broad-based rally at midday Monday, and the AI infrastructure trade is doing the heavy lifting.
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AI optimism and blockbuster Big Tech earnings fueled last week's biggest winners. Here are the top-performing stocks and their leveraged ETFs.
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AXT, Inc. (AXTI) Q2 2026 Earnings Call Transcript
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AXT's Q2 earnings and revenues top estimates as record indium phosphide demand, AI data-center growth and stronger productivity lift results.
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AXT highlighted surging indium phosphide demand, AI data center connectivity growth and capacity expansion plans as it targets higher output and margins.
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U.S. stocks were mixed, with the Nasdaq Composite gaining around 50 points on Friday.
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FREMONT, Calif.--(BUSINESS WIRE)---- $AXTI--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2026. Management Qualitative Comments “This is an incredibly exciting time for AXT,” said Morris Young, chief executive officer. “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 manuf.
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AXT NASDAQ: AXTI reported record second-quarter revenue and a return to profitability, driven by strong demand for indium phosphide substrates used in optical connectivity for AI data centers. Management said it is accelerating capacity expansion as customer demand continues to exceed supply.
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AXT (AXTI) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to a loss of $0.15 per share a year ago.
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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.
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FREMONT, Calif.--(BUSINESS WIRE)---- $AXTI--AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it entered into a definitive agreement with Lumentum Operations, LLC for the supply and capacity reservation of indium phosphide wafer substrates. “We are very pleased to announce an agreement with Lumentum and to be a key supplier to their indium phosphide requirements over the coming years,” said Morris Young, chief executive officer of AXT, Inc. Under.
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