AXT manufactures compound semiconductor substrates such as gallium arsenide (GaAs), indium phosphide (InP) and germanium wafers. These materials are used in wireless communications, fiber-optic networks, LEDs and other optoelectronic and high-frequency devices. Customers are typically chip makers and device manufacturers that need specialty wafers rather than standard silicon.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 18 | — | -7 | — |
| Q3 2025 | 27.9 | — | -1.9 | — |
| Q4 2025 | 23 | — | -3.6 | — |
| Q1 2026 | 26.9 | — | -1.7 | — |
| Q2 2026 | 47.6 | 164.8% | 11.1 | — |
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