---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-013229"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:02:16.006246+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AXT Q2 revenue $18.6M, net loss $5.1M; gross margin slumps to 9.2%

## Summary
- Revenue $18.6M, down 53% YoY from $39.5M; GAAP net loss $5.1M ($0.12 EPS) vs. net income $5.5M YoY.
- Non-GAAP net loss $4.2M ($0.10 EPS) vs. net income $6.7M ($0.16 EPS) in Q2 2022.
- GAAP gross margin 9.2% vs. 39.1% YoY; operating loss $6.8M vs. profit $5.3M a year ago.
- Subsidiary Tongmei's STAR Market IPO still under CSRC review; process ongoing.

## SEC filing metadata
- accession: 0001558370-23-013229
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1051627/000155837023013229/0001558370-23-013229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837023013229/axti-20230803x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-013229
- JSON: https://secwatch.observer/filing/0001558370-23-013229.json
- Plain text: https://secwatch.observer/filing/0001558370-23-013229.txt

## Key facts
- Earnings Releases
  AXT INC reported second quarter ended June 30, 2023 results: revenue $18.6 million, net income ($5.1) million, or ($0.12) per share, EPS ($0.12) per share.
  - Period: second quarter ended June 30, 2023
  - Revenue: $18.6 million
  - Net income: ($5.1) million, or ($0.12) per share
  - EPS: ($0.12) per share
  - Result: reported results
  source text: Revenue for the second quarter of 2023 was $18.6 million, compared with $19.4 million for the first quarter of 2023 and $39.5 million for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837023013229/0001558370-23-013229-index.htm

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