---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-014204"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:31:25.399344+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-014204
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000143774926014204/0001437749-26-014204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000143774926014204/axti20260109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-014204
- JSON: https://secwatch.observer/filing/0001437749-26-014204.json
- Plain text: https://secwatch.observer/filing/0001437749-26-014204.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000143774926014204/0001437749-26-014204-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.