AXT Inc reports results for the quarter ended June 30 - Earnings Summary
AXT Inc reports results for the quarter ended June 30 - Earnings Summary
AXT Inc AXTI.OQ reported quarterly adjusted earnings of 19 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of five analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 7 cents to 8 cents per share.
Revenue rose 164.8% to $47.59 million from a year ago; analysts expected $34.09 million.
AXT Inc's reported EPS for the quarter was 17 cents.
The company reported quarterly net income of $11.13 million.
AXT Inc shares had fallen by 48.7% this quarter and gained 126.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for AXT Inc is $93.00, about 49.5% above its last closing price of $46.94
This summary was machine generated from LSEG data July 31 at 12:16 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.07 | 0.19 | Beat |
Mar. 31 2026 | -0.05 | -0.01 | Beat |
Dec. 31 2025 | -0.06 | -0.05 | Beat |
Sep. 30 2025 | -0.12 | -0.03 | Beat |
Recent news on AXT
See all newsAXT Inc reports results for the quarter ended June 30 - Earnings Summary
AXT Q2 revenue more than doubles, beats estimates on strong data center demand
Brief: AXT Inc Q2 Revenue USD 47.6 Million Vs. IBES Estimate USD 34.1 Million
Brief: AXT, Inc. Announces Long-Term Supplier Agreement With Lumentum
AXT Inc expected to post earnings of 7 cents a share - Earnings Preview