AXT, Inc. (AXTI) Tops Q2 EPS by 3c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. RNG
2. DECK
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. TSCO
9. BE
10. SPY

Go back to AXT, Inc. (AXTI) Tops Q2 EPS by 3c

AXT, Inc. Announces Second Quarter 2024 Financial Results

August 1, 2024 4:05 PM EDT

Revenue up 23 percent sequentially and up 50 percent from Q2 2023

FREMONT, Calif.--(BUSINESS WIRE)-- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2024.

Management Qualitative Comments

Q2 was another solid quarter of growth, with our revenues up 23 percent sequentially and more than 50 percent year over year, said Morris Young, chief executive officer. We are encouraged by the signs of adoption in new applications, such as AI where we expect that indium phosphide will be... More