---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-015506"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:19:07.689486+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AXT Q3 2022: Revenue $35.2M, GAAP EPS $0.13, Indium Phosphide revenue up 12% QoQ

## Summary
- Revenue $35.2M, down 11% QoQ from $39.5M but up 2% YoY from $34.6M.
- GAAP gross margin expanded to 42.0% from 39.1% QoQ and 33.3% YoY; non-GAAP 42.2%.
- GAAP net income $5.8M ($0.13 EPS); non-GAAP net income $6.8M ($0.16 EPS).
- Indium phosphide revenue grew 12% over Q2 to a record high; up 48% YoY.
- Subsidiary Tongmei's STAR Market IPO: CSRC accepted application, target Q4 2022.

## SEC filing metadata
- accession: 0001558370-22-015506
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837022015506/0001558370-22-015506-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837022015506/axti-20221027x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-015506
- JSON: https://secwatch.observer/filing/0001558370-22-015506.json
- Plain text: https://secwatch.observer/filing/0001558370-22-015506.txt

## Key facts
- Earnings Releases
  AXT INC reported quarter ended September 30, 2022 results: revenue $35.2 million, net income $5.8 million, EPS $0.13 per share.
  - Period: quarter ended September 30, 2022
  - Revenue: $35.2 million
  - Net income: $5.8 million
  - EPS: $0.13 per share
  - Result: reported results
  source text: ● Revenue for the third quarter of 2022 was $35.2 million, compared with $39.5 million for the second quarter of 2022 and $34.6 million for the third quarter of 2021. ​ ● GAAP gross margin was 42.0 percent of revenue for the third quarter of 2022, compared with 39.1 percent of revenue for the second quarter of 2022 and 33.3 percent for the third quarter of 2021. ​ ● Non-GAAP gross margin was 42.2 percent of revenue for the third quarter of 2022, compared with 39.4 percent of revenue for the second quarter of 2022 and 33.8 percent for the third quarter of 2021. ​ ​ ​ ​ AXT, Inc. Third Quarter 2022 Results ​ October 27, 2022 ​ Page 2 of 7 ​ ● GAAP operating expenses were $10.2 million for the third quarter of 2022, compared with $10.1 million for the second quarter of 2022 and $9.1 million for the third quarter of 2021. ​ ● Non-GAAP operating expenses were $9.2 million for the third quarter of 2022, compared with $9.1 million for the second quarter of 2022 and $7.7 million for the third
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837022015506/0001558370-22-015506-index.htm

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