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AXT, Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the fourth quarter and fiscal year ended December 31, 2025. Management Qualitative Comments “While we are disappointed that we didn't receive as many export permits in Q4 as we had hoped, we are pleased to report that we have received some permits to date in 2026 and believe we are in a strong position to achieve sequential revenue.

AXT Updates Revenue Expectations for Fourth Quarter 2025 and Announces Earnings Date for Feb. 19, 2026

FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today updated revenue expectations for the fourth quarter 2025. The company expects revenue to be in the range of $22.5 to $23.5 million, primarily due to fewer export control permits for indium phosphide being issued by China's Ministry of Commerce than previously expected. “While we are disappointed that we were not able to ship indium phosphide substrates to fulfil.

AXT Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI) (“AXT” or the “Company”), a leading manufacturer of compound semiconductor wafer substrates, announced today the closing of its underwritten public offering of 8,163,265 shares of common stock at a price to the public of $12.25 per share, including the full exercise of the underwriters' option to purchase an additional 1,064,773 shares of the Company's common stock. The Company received total gross proceeds of approximately $100 milli.

AXT Announces Pricing of $87,000,000 Public Offering of Common Stock

FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI) (“AXT” or the “Company”), a leading manufacturer of compound semiconductor wafer substrates, announced today the pricing of an underwritten public offering of 7,098,492 shares of common stock at a price to the public of $12.25 per share. The gross proceeds from the offering to the Company are expected to be approximately $87 million, before deducting underwriting discounts and commissions and other offering expenses. In addition, the.