🟢 AXT is trading 4.46% up in pre-market after record Q2 revenue and raised Q3 guidance

AXT is trading at $78.52, up 4.46% in pre-market after record Q2 revenue and raised Q3 guidance.

• AXT’s August 6 close was $75.17, following a 9.56% gain.
• Q2 revenue reached $47.6 million and adjusted EPS was $0.19, exceeding consensus expectations.
• Management indicated approximately $66 million in Q3 revenue and $0.30–$0.32 non-GAAP EPS, supported by strong indium phosphide demand; shares have gained sharply across the past week.