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AXT surges after Q2 results as it takes advantage of AI infrastructure demand
AXT (AXTI) shares surged more than 25% during early post-market trading on Thursday after revealing its second quarter financial results.
For the quarter ended June 30, the manufacturer of compound semiconductor wafer substrates reported an adjusted earnings per share of $0.19
Should You Buy, Sell or Hold AXTI Stock Ahead of Q2 Earnings?
AXT, Inc. AXTI is set to report its second-quarter 2026 results on July 30, after market close.The Zacks Consensus Estimate for second-quarter revenues is currently pegged at $34.14 million, indicating a solid 89.96% year-over-year increase.The company expects non-GAAP earnings between 6 cents and 8 cents per share. The consensus mark for earnings is currently pegged at 7 cents per share, reflecting a 12.5% downward revision over the past 30- and 60-day periods. However, the estimate represents a sharp improvement from the loss of 15 cents per share reported in the year-ago period.
The materials science and semiconductor manufacturing company has a mixed earnings surprise history. Its earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the other two, resulting in an average surprise of 26.84%.
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AXT (NASDAQ:AXTI) Shares Gap Up – Still a Buy?
AXT Inc (NASDAQ:AXTI – Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $36.97, but opened at $41.24. AXT shares last traded at $43.1220, with a volume of 2,612,565 shares.
A number of research analysts have issued reports on the company. Weiss Ratings raised AXT from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday, June 3rd. Finally, B. Riley Financial cut their price target on shares of AXT from $73.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $50.00.
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