• AXT reported record Q2 2026 revenue of $47.6 million, a 164% year-over-year increase, and GAAP EPS of $0.17, exceeding expectations.
  • The company cited strong customer demand for data center optical connectivity and AI infrastructure as key drivers, marking an an inflection point in its business.
  • Management provided optimistic Q3 revenue guidance of approximately $66 million, projecting sequential growth and a multi-year expansion phase despite a potentially lumpy near-term AI ramp.