Welcome to our dedicated page for Axt news (Ticker: AXTI), a resource for investors and traders seeking the latest updates and insights on Axt stock.
AXT Inc (AXTI) is a leading developer of compound semiconductor substrates critical for advanced electronics and communications systems. This dedicated news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Track key updates including quarterly earnings reports, manufacturing innovations, and material science breakthroughs in gallium arsenide and indium phosphide technologies. Our curated feed ensures timely access to operational milestones, partnership announcements, and leadership changes impacting AXTI's position in the semiconductor sector.
All content is sourced directly from company filings and verified industry publications, maintaining strict editorial neutrality. The resource serves both technical experts seeking substrate development details and investors analyzing market trends. Bookmark this page for efficient monitoring of AXTI's progress in enabling next-generation semiconductor applications across global markets.
AXT Inc (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, has scheduled its first quarter 2025 earnings release for May 1, 2025, after market close. The company will host a conference call to discuss the results on the same day at 1:30 p.m. PT.
Investors can access the conference call at (800) 715-9871 using passcode 4378083. The call will be simulcast on www.axt.com, with replays available until May 15, 2025, at (800) 770-2030 using the same passcode.
AXT Inc. (AXTI) reported its Q4 and fiscal year 2024 financial results, showing significant year-over-year growth. The company achieved a 31% increase in annual revenue to $99.4 million, up from $75.8 million in 2023. For Q4 2024, revenue was $25.1 million, compared to $23.6 million in Q3 2024 and $20.4 million in Q4 2023.
The company's GAAP gross margin for Q4 2024 was 17.6%, down from 24.0% in Q3 2024. The full-year GAAP gross margin improved to 24.0% from 17.6% in 2023. GAAP net loss for fiscal 2024 was $11.6 million ($0.27 per share), an improvement from a net loss of $17.9 million ($0.42 per share) in 2023.
AXT reported successful expansion into the cloud and data center infrastructure market, along with penetration into the cell phone market, which represents a $100M addressable opportunity.
AXT (AXTI), a leading manufacturer of compound semiconductor substrates, has scheduled its fourth quarter 2024 earnings release for February 20, 2025, after market close. The company will host a conference call to discuss the results at 1:30 p.m. PT on the same day. Investors can access the conference call at (800) 715-9871 using passcode 4378083. The call will also be simulcast on the company's website. Replay options will be available until March 6, 2025, at (800) 770-2030 using the same passcode.
AXT Inc (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, has announced its participation in the upcoming 27th Annual Needham Growth Conference. The presentation is scheduled for Tuesday, January 14th, 2025 at 2:15 p.m. ET in New York. Investors and interested parties can access a webcast of the presentation through the investor relations section of AXT's website at www.axt.com.
AXT Inc reported Q3 2024 financial results with revenue of $23.6 million, showing a 36% increase from Q3 2023 but down from $27.9 million in Q2 2024. GAAP gross margin improved to 24.0% from 10.7% year-over-year. The company reported a GAAP net loss of ($2.9) million, or ($0.07) per share, an improvement from ($5.8) million loss in Q3 2023. Data center-related demand remained strong, with all products showing double-digit year-over-year growth. The company expressed optimism about growth prospects in 2025, particularly in indium phosphide substrates for AI applications.
AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, has announced that it will release its financial results for the third quarter 2024 on October 31, 2024, immediately following the close of market. The company will also host a conference call to discuss these results on the same day at 1:30 p.m. PT.
Investors can access the conference call at (800) 715-9871 using the passcode 4378083. The call will be simulcast on the company's website at www.axt.com. Replays of the call will be available until November 14, 2024, by calling (800) 770-2030 with the same passcode. Additional investor information can be found on the AXT website.
AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, has announced its participation in two upcoming financial conferences in Chicago, IL during the third quarter of 2024. The company will attend the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 27, 2024, and the Evercore ISI Semiconductor, IT Hardware & Networking Conference on August 28, 2024. These events provide AXT with opportunities to engage with investors and industry professionals, potentially discussing their latest developments and market positioning in the compound semiconductor substrate sector.
AXT, Inc. (NasdaqGS: AXTI) reported strong financial results for Q2 2024. Revenue increased by 23% sequentially and 50% year-over-year to $27.9 million. GAAP gross margin improved to 27.4%, up from 9.2% in Q2 2023. The company reported a GAAP net loss of ($1.5) million, or ($0.04) per share, compared to a loss of ($5.1) million, or ($0.12) per share, in Q2 2023.
CEO Morris Young highlighted growing adoption in new applications, particularly in AI, where indium phosphide is expected to be used in optical transceivers for high-speed data transmission. The company sees tangible signs of market recovery across its product portfolio, despite potential quarterly fluctuations as end markets return to normalized seasonality.
AXT, a leading manufacturer of compound semiconductor substrates, will release its Q2 2024 financial results on August 1, 2024, post-market close. The company will also host a conference call at 1:30 p.m. PT on the same day to discuss the results. The call will be accessible via telephone and simulcast on the company’s website, with replays available until August 15, 2024.
AXT, Inc. reported strong first-quarter 2024 financial results with an 11% revenue growth quarter over quarter. The company's GAAP gross margin improved to 26.9%, and non-GAAP gross margin was 27.3% for the same quarter. The GAAP net loss was $2.1 million, while the non-GAAP net loss was $1.3 million in Q1 2024. AXT's subsidiary Tongmei's IPO application for the STAR Market was approved, showing promising future growth opportunities.
