AXT is trading at $59.96 (27.7% up) after reporting a blowout Q2 2026 earnings report that significantly exceeded market expectations and reversed last year's loss.
- Revenue surged to $47.6 million with a GAAP EPS of $0.17, far surpassing analyst estimates.
- Management highlighted an inflection point in AI infrastructure, driven by increasing data center demand for Indium Phosphide (InP) substrates.
- The strong financial performance and positive outlook helped mitigate investor concerns regarding a lumpy near-term production ramp.