AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.
IPO Year: 1998
Exchange: NASDAQ
Website: axt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | $2.25 → $3.75 | Hold → Buy | Craig Hallum |
| 2/23/2024 | $2.40 → $3.80 | Neutral → Buy | B. Riley Securities |
| 2/17/2023 | $7.00 → $5.50 | Buy → Hold | Craig Hallum |
| 6/27/2022 | $8.00 | Buy | Needham |
| 11/4/2021 | $11.00 | Outperform | Wedbush |
AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2024. Management Qualitative Comments "Q3 came in largely in line with our expectations, coming off a strong quarter in Q2," said Morris Young, chief executive officer. "By comparison to the year ago quarter Q3 2023, our revenue in Q3 of 2024 increased over 36 percent and we are pleased to see that every product, including raw materials, had double digit year-over-year growth. Data center-related demand remained solid, and we are anticipating new order momentum in indium phosphide substrates for photodetectors in AI applica
AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2024 in a press release immediately following the close of market on Oct. 31, 2024. The company will also host a conference call to discuss these results on Oct. 31, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until Nov. 14, 2024. Additional investor information can be accessed at http://www.axt.com. About AXT, Inc. AXT is a material science company that develops and manufactures high-p
AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will participate in the upcoming financial conferences: Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 27, 2024 in Chicago, IL Evercore ISI Semiconductor, IT Hardware & Networking Conference on August 28, 2024 in Chicago, IL About AXT, Inc. AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's wafer substrates are used when a typical silicon wafer substrat
Revenue up 23 percent sequentially and up 50 percent from Q2 2023 AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2024. Management Qualitative Comments "Q2 was another solid quarter of growth, with our revenues up 23 percent sequentially and more than 50 percent year over year," said Morris Young, chief executive officer. "We are encouraged by the signs of adoption in new applications, such as AI where we expect that indium phosphide will be required in optical transceivers for high-speed data transmission. These applications span longer distances, such as from rack to r
AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the second quarter 2024 in a press release immediately following the close of market on Aug. 1, 2024. The company will also host a conference call to discuss these results on Aug. 1, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until August 15, 2024. Additional investor information can be accessed at http://www.axt.com. About AXT, Inc. AXT is a material science company that develops and manufactures hi
FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2024. Management Qualitative Comments "We are pleased with our first quarter results," said Morris Young, chief executive officer. "We exceeded our Q1 revenue and profitability guidance, delivering 11 percent sequential growth in our revenues and 54 percent sequential improvement in our non-GAAP net income. Across our product lines, new catalysts, such as artificial intelligence, are providing exciting incremental opportunities for advanced compound semiconductor materials. We
FREMONT, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended March 31, 2024, exceeding the company's prior guidance for the first quarter of 2024 of $20 million to $22 million. This reflects growth in demand for both indium phosphide and gallium arsenide substrates for a variety of applications, including artificial intelligence/data center connectivity, infrastructure, wireless devices, industrial lasers, and others. The company will announce its financial results for the first quarter of 202
FREMONT, Calif., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2023. Management Qualitative Comments "We believe we are now beginning to see a recovery in our markets," said Morris Young, chief executive officer. "In Q4, we achieved 18 percent sequential growth in our revenues and a 43 percent sequential improvement in our non-GAAP net income. While the overall demand environment remains somewhat soft, we are seeing increased orders for indium phosphide for both artificial intelligence (AI) and fiber optic applications. Fur
FREMONT, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2023 in a press release immediately following the close of market on February 22, 2024. The company will also host a conference call to discuss these results on February 22, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until March 7, 2024. Additional investor information can be accessed at http://www.axt.com or by calling the company'
FREMONT, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2023. Management Qualitative Comments "The demand environment in the third quarter of 2023 remained stable, and we were pleased to see some encouraging early signs of improvement in the data center market, resulting in modestly higher indium phosphide revenue quarter over quarter," said Morris Young, chief executive officer. "While inventory rationalization may persist into the new year, we believe that the trends that have driven our revenue and customer expansion rem
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Craig Hallum upgraded AXT from Hold to Buy and set a new price target of $3.75 from $2.25 previously
B. Riley Securities upgraded AXT from Neutral to Buy and set a new price target of $3.80 from $2.40 previously
Craig Hallum downgraded AXT from Buy to Hold and set a new price target of $5.50 from $7.00 previously
Needham initiated coverage of AXT with a rating of Buy and set a new price target of $8.00
Wedbush initiated coverage of AXT with a rating of Outperform and set a new price target of $11.00
BWS Financial reiterated coverage of AXT with a rating of Buy and set a new price target of $20.00 from $14.00 previously
Craig Hallum resumed coverage of AXT with a rating of Buy and set a new price target of $17.00
BWS Financial reiterated coverage of AXT with a rating of Buy and set a new price target of $20.00 from $14.00 previously
B. Riley reiterated coverage of AXT with a rating of Neutral and set a new price target of $12.00 from $10.50 previously
Northland Securities reiterated coverage of AXT with a rating of Outperform and set a new price target of $15.00 from $10.00 previously
AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2024 in a press release immediately following the close of market on Oct. 31, 2024. The company will also host a conference call to discuss these results on Oct. 31, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until Nov. 14, 2024. Additional investor information can be accessed at http://www.axt.com. About AXT, Inc. AXT is a material science company that develops and manufactures high-p
AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the second quarter 2024 in a press release immediately following the close of market on Aug. 1, 2024. The company will also host a conference call to discuss these results on Aug. 1, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until August 15, 2024. Additional investor information can be accessed at http://www.axt.com. About AXT, Inc. AXT is a material science company that develops and manufactures hi
FREMONT, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended March 31, 2024, exceeding the company's prior guidance for the first quarter of 2024 of $20 million to $22 million. This reflects growth in demand for both indium phosphide and gallium arsenide substrates for a variety of applications, including artificial intelligence/data center connectivity, infrastructure, wireless devices, industrial lasers, and others. The company will announce its financial results for the first quarter of 202
FREMONT, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2023 in a press release immediately following the close of market on February 22, 2024. The company will also host a conference call to discuss these results on February 22, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 4378083) until March 7, 2024. Additional investor information can be accessed at http://www.axt.com or by calling the company'
FREMONT, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2023 in a press release immediately following the close of market on November 2, 2023. The company will also host a conference call to discuss these results on November 2, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 7175811) until November 16, 2023. Additional investor information can be accessed at http://www.axt.com or by calling the company
FREMONT, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the second quarter 2023 in a press release immediately following the close of market on August 3, 2023. The company will also host a conference call to discuss these results on August 3, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 7175811) until August 17, 2023. Additional investor information can be accessed at http://www.axt.com or by calling the company's In
FREMONT, Calif., April 10, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the first quarter 2023 in a press release immediately following the close of market on April 27, 2023. The company will also host a conference call to discuss these results on April 27, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 7175811) until May 11, 2023. Additional investor information can be accessed at http://www.axt.com or by calling the company's Inves
FREMONT, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2022 and fiscal year 2022 in a press release immediately following the close of market on February 16, 2023. The company will also host a conference call to discuss these results on February 16, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 7175811) until March 2, 2023. Additional investor information can be accessed at http://www.axt.com or
FREMONT, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, today announced a preliminary revenue range for its third quarter, ended September 30, 2022. AXT's full financial results for the third quarter of 2022 are not yet available. AXT expects preliminary revenue for the third quarter of 2022 to be in the range of $34 to $35 million, below the company's previously stated guidance of $39 million to $41 million provided on July 28, 2022. The preliminary revenue range for the third quarter of 2022 is primarily attributable to weakening macroeconomic conditions, particularly in the demand environment in China. "T
FREMONT, Calif., July 06, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NASDAQ:AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the second quarter 2022 in a press release immediately following the close of market on July 28, 2022. The company will also host a conference call to discuss these results on July 28, 2022 at 1:30 p.m. PT. To access the call by phone, please go to this link to register and you will be provided with dial in details: https://register.vevent.com/register/BI845e5e766e5542c4807cba2ad13e21f8. A webcast link for the call will also be available on the investor relations page at www.axt.com. To avoid delays, all p
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In the preceding three months, 10 analysts have released ratings for AXT (NASDAQ:AXTI), presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 3 0 0 0 Last 30D 1 1 0 0 0 1M Ago 3 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 1 0 0 0 Analysts have set 12-month price targets for AXT, revealing an average target of $5.11, a high estimate of $6.00, and a low estimate of $3.75. This current average has increased by 40.38% from the previous
Wedbush analyst Matt Bryson reiterates AXT (NASDAQ:AXTI) with a Outperform and maintains $6 price target.
Gainers AXT (NASDAQ:AXTI) stock moved upwards by 25.7% to $3.81 during Friday's pre-market session. The market value of their outstanding shares is at $168.5 million. The company's, Q1 earnings came out yesterday. AEye (NASDAQ:LIDR) shares increased by 16.5% to $1.2. The company's market cap stands at $7.8 million. OneSpan (NASDAQ:OSPN) shares moved upwards by 15.55% to $12.65. The market value of their outstanding shares is at $478.8 million. As per the news, the Q1 earnings report came out yesterday. Clearfield (NASDAQ:CLFD) stock rose 13.47% to $36.21. The market value of their outstanding shares is at $532.5 million. As per the news, the Q2 earnings report came out yesterday. Upland
Needham analyst Charles Shi reiterates AXT (NASDAQ:AXTI) with a Buy and maintains $5 price target.
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