Semiconductor wafer maker AXT Q1 revenue beats estimates

AXT

30/04/2026 21:41

Overview

US compound wafer maker's Q1 revenue rose, beating analyst expectations

Adjusted loss per share for Q1 was $0.01, narrower than analyst expectations

Company completed $632.5 mln capital raise to expand indium phosphide capacity

Outlook

Company says strong demand for indium phosphide substrates is driving capacity expansion

AXT highlights ongoing capacity planning discussions with customers and supply chain partners

Company expects capacity expansion to position it to meet current and future industry needs

Result Drivers

INDIUM PHOSPHIDE DEMAND - Co said strong demand for indium phosphide substrates, used in high-speed optical data transmission for AI data centers, supported results

CAPACITY EXPANSION - Management said recent capital raise will support expansion of indium phosphide production to address market growth

Company press release: ID:nBwbSgCPKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$26.90 mln
$26.22 mln (5 Analysts)
Q1 Adjusted EPS
Beat
-$0.01
-$0.05 (5 Analysts)
Q1 Adjusted Net Income
Beat
-$600,000
-$2.37 mln (4 Analysts)
Q1 Adjusted Gross Margin
29.90%


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 $72.00, about 1.3% above its April 29 closing price of $71.07

The stock recently traded at 582 times the next 12-month earnings vs. a P/E of 4,088 three months ago

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.)