AXT Q1 revenue $26.9M, gross margin 29.6%; completes $632.5M capital raise for indium phosphide expansion

AXT INC

2026-Q1 EPS reported -$0.03 revenue$26,924,000

Revenue $26.9M, up 16.6% QoQ and 38.7% YoY; GAAP net loss narrows to $0.03/share.
Gross margin 29.6% GAAP (29.9% non-GAAP), vs 20.9% in Q4 2025 and (6.4)% a year ago.
Completed $632.5M capital raise to expand indium phosphide capacity for AI data center demand.
Non-GAAP net loss $0.6M ($0.01/share), improved from $2.3M loss in prior quarter.
STAR Market IPO for subsidiary Tongmei pending CSRC approval; expects close in coming months.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AXT INC reported first quarter ended March 31, 2026 results: revenue $26.9 million, net income $1.6 million net loss, EPS $0.03 per share loss.

Period: first quarter ended March 31, 2026
Revenue: $26.9 million
Net income: $1.6 million net loss
EPS: $0.03 per share loss
Result: reported results

Exact text from the filing

Revenue for the first quarter of 2026 was $26.9 million, compared with $23.0 million for the fourth quarter of 2025 and $19.4 million for the first quarter of 2025.

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Source: SEC EDGAR

accession 0001437749-26-014204

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