AXT (NASDAQ:AXTI) Issues Q3 2026 Earnings Guidance

AXT (NASDAQ:AXTI) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.300-0.320 for the period, compared to the consensus earnings per share estimate of 0.100. The company issued revenue guidance of $66.0 million-$66.0 million, compared to the consensus revenue estimate of $38.7 million.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley Financial decreased their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. UBS Group set a $90.00 target price on shares of AXT in a research report on Friday. Finally, Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AXT presently has an average rating of “Hold” and an average price target of $77.00.

AXT Price Performance

Shares of NASDAQ AXTI traded up $13.49 during trading hours on Friday, hitting $60.43. 29,476,562 shares of the stock were exchanged, compared to its average volume of 10,203,104. The company’s 50 day moving average is $77.44 and its 200 day moving average is $61.74. The firm has a market capitalization of $3.95 billion, a P/E ratio of -194.93 and a beta of 1.86. AXT has a one year low of $1.85 and a one year high of $143.16.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The firm had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Research analysts anticipate that AXT will post 0.19 earnings per share for the current fiscal year.

Insider Activity at AXT

In other AXT news, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 251,636 shares of company stock worth $27,789,677 in the last 90 days. 5.97% of the stock is owned by company insiders.

Key Headlines Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 earnings beat expectations: AXT reported quarterly revenue of approximately $47.6 million, well above the roughly $34 million consensus estimate, while EPS of $0.19 exceeded expectations of $0.07. Results were supported by record indium phosphide demand, improved productivity and stronger profitability. AXTI Q2 Earnings Beat on Record InP Demand, Revenues Rise Y/Y
• Positive Sentiment: Very bullish Q3 outlook: Management guided for third-quarter EPS of $0.30–$0.32 and revenue of about $66 million, substantially above analyst estimates of approximately $0.10 EPS and $38.7 million in revenue. The outlook suggests momentum is continuing into the second half of the year.
• Positive Sentiment: AI infrastructure demand is driving expansion: AXT highlighted accelerating demand from data-center optical connectivity and plans to expand capacity, potentially supporting higher production volumes and margins. AXTI Q2 Earnings Call Highlights AI Capacity Expansion
• Positive Sentiment: Analyst upgrade and customer agreement: Needham upgraded AXTI from Hold to Buy and assigned a $90 price target. Separately, AXT entered a long-term indium phosphide supply and capacity-reservation agreement with Lumentum, improving demand visibility. Needham Upgrades AXT to Buy
• Neutral Sentiment: Options activity was elevated: Traders bought 43,167 call options, about 29% above average call volume, indicating increased speculative and potentially bullish interest but not guaranteeing further gains.
• Negative Sentiment: Insider selling remains a risk: Reported insider activity over the past six months showed sales by executives and directors, with no purchases. This may temper enthusiasm despite the earnings-driven rally.

Hedge Funds Weigh In On AXT

Large investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. acquired a new stake in AXT in the 4th quarter worth $20,187,000. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares during the period. Citadel Advisors LLC lifted its position in shares of AXT by 339.6% in the 3rd quarter. Citadel Advisors LLC now owns 405,978 shares of the semiconductor company’s stock worth $1,823,000 after acquiring an additional 313,618 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of AXT during the 4th quarter worth approximately $4,085,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of AXT during the 4th quarter worth approximately $3,618,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.