Earnings
AXT Backlog Passes $500 Million, Yet Management Is Backing Away From Long-Term Supply Deals
The wafer maker says the order surge is run-rate business, and it wants to keep pricing flexibility.
AXTI
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Earnings
AXT Brushes Off Glut Talk: 'Impossible To Keep Up With Demand' For Indium Phosphide
Management says every customer is on allocation, backlog tops $500 million and a planned 2027 doubling of capacity may fall short.
SEC Filings
AXT Revenue Hits Record $73.4 Million, Up 162% From A Year Ago, As Gross Margin Reaches 56.0%
The wafer maker swung to a $25.7 million profit attributable to AXT, and its cash pile reached $485.5 million.
Markets
AXT Stock Soars 8%, Adding $291 Million, As China Unit Lines Up Up To $545 Million
The wafer maker's Tongmei subsidiary plans a private share sale of $285 million to $545 million to expand indium phosphide capacity.