Stock Data
$13.36 (17.77%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SEMICONDUCTOR EQUIPMENT & MATERIALS
AXT Inc, headquartered in Fremont, California, specializes in creating semiconductor substrates, crucial for a variety of high-tech applications. Using its unique vertical gradient freeze technology, AXT produces substrates made of indium phosphide, gallium arsenide, and germanium. These materials are essential for products in data centers, 5G communication, fiber optics, solar cells, and more, including emerging technologies like lidar for autonomous vehicles and infrared imaging. AXT's global reach includes direct sales in the US, China, and Europe, and partnerships in Asia. Founded in 1986, AXT stands at the forefront of semiconductor substrate innovation.
AXT swung to profitability and crushed earnings expectations as record indium phosphide revenue fueled by AI data center optical connectivity demand accelerated the semiconductor substrate maker from eight straight quarters of losses. The 0.19 EPS beat consensus by 164% while gross margin expanded to 45% from 8% year-over-year, signaling manufacturing leverage across its vertically integrated supply chain.
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