AXT reports Q3 revenue $28.0M, net loss $1.9M; indium phosphide up 250% QoQ

AXT INC

2025-Q3 EPS reported -$0.41 revenue$65,285,000

Revenue $28.0M vs $18.0M Q2'25 and $23.6M Q3'24.
GAAP net loss $1.9M ($0.04/sh) improved from $7.0M ($0.16) Q2'25.
Indium phosphide revenue up >250% sequentially to a three-year high.
GAAP gross margin 22.3% vs 8.0% Q2'25 and 24.0% Q3'24.
Subsidiary Tongmei STAR Market IPO still pending CSRC approval; hopes to close in coming months.

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