🟢 AXT is trading 10% up today on record Q2 results and raised Q3 guidance

AXT is trading at $75.58, up +10.16%, after record Q2 results and increased Q3 guidance.

• Record Q2 revenue reached $47.6 million, with adjusted EPS of $0.19.
• Q3 guidance increased to approximately $66 million in revenue and $0.30–$0.32 EPS, supported by strong indium phosphide demand from AI data centers.
• The broader semiconductor backdrop is mixed; company-specific earnings and guidance appear to be the primary catalyst.