AXT down after lowering Q4 revenue forecast on China export permit delays

AXT

09/01/2026 11:08

** Shares of semiconductor parts maker AXT Inc AXTI.O down 13.1% at $22.43 premarket

** Co cuts Q4 revenue forecast citing fewer China export permits for indium phosphide (InP)

** Co now sees Q4 2025 revenue at $22.5 million-$23.5 million vs prior guidance of $27 million-$30 million

** CEO Morris Young says December InP shipments delayed by export permit timing; co is working with China's Ministry of Commerce and hopes for additional permits in Q1 2026

** Co to report Q4 2025 results on February 19

** As of last close, AXTI stock up 57.9% in 2025

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))