AXT Q4 revenue misses estimates

AXT

19/02/2026 21:12

Overview

Semiconductor wafer maker's Q4 revenue fell, missing analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company plans to double indium phosphide capacity in 2026

Outlook

AXT expects sequential revenue growth in Q1 2026, driven by AI infrastructure demand

Company plans to double indium phosphide manufacturing capacity in 2026

AXT broadens customer base to include Tier-1 companies in 2026

Result Drivers

EXPORT PERMITS - Fewer export permits in Q4 impacted revenue, but some permits received in 2026 are expected to drive growth

INDIUM PHOSPHIDE DEMAND - Growth in indium phosphide for AI infrastructure expected to drive Q1 2026 revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$23 mln
$25.18 mln (5 Analysts)
Q4 Adjusted EPS
Beat
$0.05
-$0.06 (5 Analysts)
Q4 Adjusted Net Income
Beat
-$2.30 mln
-$3.24 mln (4 Analysts)
Q4 Adjusted Gross Margin
21.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for AXT Inc is $18.00, about 23.5% below its February 18 closing price of $23.54

Press Release: ID:nBwb8S8r7a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)