AXT News - June 2026
AXT Inc. Projects Record Q2, Driven by $100 Million AI Backlog
AXT Inc. expects record-breaking second-quarter results following a surge in demand for Indium Phosphide wafers. The company's order backlog surpassed $100...
AXT Secures China Supply Deal, Fueling AI Growth and $100M Backlog
AXT Inc. secured a supply agreement with China’s Nanjing Casela for indium phosphide (InP) substrates. The deal targets rising demand in artificial...
AXT Shares Surge 10%, Driven by China Export Rules for AI Materials
AXT Inc. (AXTI) shares rose more than 10% on Friday. The rally follows reports highlighting potential supply constraints for indium phosphide (InP). InP...