---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-006107"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-22T23:39:42.987341+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AXT Q1 2025 revenue $19.4M; GAAP gross margin -6.4%; net loss $0.20/share

## Summary
- Revenue $19.4M, down 23% sequentially from $25.1M and 15% YoY from $22.7M.
- GAAP gross margin turned negative to (6.4)% from 17.6% in Q4 2024; non-GAAP (6.1)%.
- GAAP net loss $8.8M ($0.20 per share) vs loss of $5.1M ($0.12) Q4 2024 and $2.1M ($0.05) Q1 2024.
- Decline driven by 58% drop in indium phosphide sales from China trade restrictions, GaAs yield issues, and under-absorbed overhead.
- Management expects gross margin improvement starting Q2 2025; Tongmei STAR Market IPO still pending CSRC approval.

## SEC filing metadata
- accession: 0001558370-25-006107
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837025006107/0001558370-25-006107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837025006107/axti-20250501x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006107
- JSON: https://secwatch.observer/filing/0001558370-25-006107.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006107.txt

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