🟢 AXT is trading 6.4% up today as it extends post-earnings gains on strong Q3 guidance and AI-driven demand

AXT is trading 6.4% up at $64.27 as investors continue to react to exceptionally strong Q2 earnings and robust Q3 guidance, driven by AI-driven indium phosphide demand reported on July 30, 2026.

• The company provided Q3 EPS guidance of $0.30-$0.32 and revenue guidance of $66.0 million, significantly above analyst estimates of $0.10 and $38.7 million respectively.
• Indium phosphide revenue hit a record $30.7 million in Q2, fueled by strong demand for AI data center optical connectivity.
• Shares are bucking broader semiconductor sector weakness today, moving in line with the generally positive tone in U.S. equities.