AXT Beats Q2 Earnings on Record Indium Phosphide Sales, Shares Jump 27% After Hours
AXT posted second-quarter earnings that beat analysts’ estimates, driven by higher demand for indium phosphide wafers used in data-center optical networking. Adjusted earnings per share came to $0.19, better than the $0.07 projection, while revenue rose to $47.59 million from a $34.09 million forecast.
The company recorded its highest quarterly indium phosphide revenue to date. The results follow a supply deal announced Tuesday with Lumentum, which includes an $87 million reservation deposit for future wafer shipments through December 2031. Shares rose 27% in regular session trading and extended to a 29% gain in after-hours activity.
From the sources (10 posts)
@zephyr_z9That's why VCSEL's are being developed for scale-up 2028-29 will be interesting
@photoncapInP has been becoming the chokepoint. $LITE Lumentum’s CEO has now said it directly and the implications extend across lasers, optical engines, and AI infrastructure. I’m working with another amazing investment and research team on a deep
@photoncapwhat a nice read $LITE
@aleabitoreddit$AXTI enters long term agreement with $LITE for InP substrates. Lumentum has agreed to pay a deposit of $43.5M as a reservation for capacity.
@stocksavvyshay$AXTI signed a long-term agreement to supply $LITE with indium phosphide substrates through 2031 including minimum annual capacity commitments. Lumentum will back the agreement with $87M in deposits applied toward future shipments. https:/
@beyondorbithqAXT $AXTI signed a long-term indium phosphide wafer supply agreement with Lumentum $LITE through December 2031. • Lumentum will provide two $43.5M deposits, totaling $87M • The first payment is due within 30 business days • The second paym
@julientechinvstOn en parle d’AXTI $AXTI qui tape +27% en séance et +29% en after après un print monstrueux ? Attendez vous à lire souvent les lettres InP dans les prochains mois…
@trendspider$AXTI Q2 EARNINGS CRUSHED 🔥 Adj. EPS: $0.19 vs $0.07 est Sales: $47.589M vs $34.087M est 🟩 +10.80%
@thetranscript_AXT CEO: "We have reached an inflection point...where strong customer demand for data center optical connectivity coupled with our continued success in adding manufacturing capacity and improving productivity are driving a step-function inc
@pequityresearch$AXTI - the InP provider - has reported: "We have reached an inflection point in our business where strong customer demand for data center optical connectivity coupled with our continued success in adding manufacturing capacity and improv