secwatch.observer — SEC 8-K summary
======================================

Issuer:     AXT INC (AXTI)
CIK:        0001051627
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001437749-26-004731
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AXT reports Q4 revenue down 18% QoQ; FY2025 net loss widens to $21.3M
---------------------------------------------------------------------

- Q4 revenue $23.0M, down 18% QoQ from $28.0M; GAAP EPS loss $0.08 vs $0.04 loss Q3.
- FY2025 revenue $88.3M, down 11% YoY from $99.4M; GAAP net loss $21.3M vs $11.6M in FY2024.
- Non-GAAP net loss FY2025 $18.0M ($0.41/sh) vs net income $8.5M ($0.20/sh) FY2024.
- CEO expects sequential Q1 revenue growth driven by indium phosphide for AI; doubling capacity in 2026.
- Subsidiary Tongmei's STAR Market IPO remains under CSRC review; hopes to accomplish in coming months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051627/000143774926004731/0001437749-26-004731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051627/000143774926004731/axti20251028_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-004731

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer