---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010602"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:37:15.456361+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AXT Q2 revenue $27.9M, up 50% YoY; net loss narrows to $0.04 per share

## Summary
- Revenue $27.9M, +23% sequential and +50% YoY; GAAP net loss $1.5M ($0.04/sh) vs $5.1M loss a year ago.
- GAAP gross margin 27.4% vs 9.2% in Q2 2023; operating loss improved to $1.9M from $6.8M.
- CEO cites AI-driven demand for indium phosphide in optical transceivers as growth catalyst.
- Tongmei STAR Market IPO still pending CSRC approval; expects to close in coming months.

## SEC filing metadata
- accession: 0001558370-24-010602
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837024010602/0001558370-24-010602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837024010602/axti-20240801x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010602
- JSON: https://secwatch.observer/filing/0001558370-24-010602.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010602.txt

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