AXT Q2 2026 revenue $47.6M, net income $11.1M; indium phosphide revenue record

AXT INC

Revenue $47.6M vs $26.9M Q1 2026 and $18.0M Q2 2025; GAAP net income $11.1M ($0.17 diluted EPS) vs net loss of $1.6M in Q1 2026.
Non-GAAP net income $11.9M ($0.19 per share) vs non-GAAP net loss of $0.6M in Q1 2026.
GAAP gross margin 44.9% vs 29.6% in Q1 2026 and 8.0% in Q2 2025; non-GAAP gross margin 45.0%.
CEO cites inflection point with record indium phosphide revenue driven by data center optical connectivity and AI infrastructure demand.

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