AXT Q2 FY26 net income swings to USD 11.1 million; revenue rises to USD 47.6 million
AXTI•CEO commentary on demand
CEO Morris Young cited strong demand for data-center optical connectivity; Q2 marked the company’s highest indium phosphide revenue on record.
Q2 results and margin expansion
AXT posted Q2 revenue of $47.6 million, more than doubled from Q1’s $26.9 million.
GAAP net income attributable to shareholders swung to $11.1 million, or $0.17 per diluted share, from a Q1 net loss.
GAAP gross margin widened to 44.9% from 29.6% in Q1, a 15.3 percentage-point expansion.
