AXT, Inc. (NASDAQ: AXTI) reported second-quarter 2026 revenue of $47.6 million, up 164.77% from a year earlier and ahead of the $34.8 million estimate. Gross profit surged to $21.4 million, reflecting a sharp improvement in profitability versus the prior year.
The company posted operating profit of $10.4 million and net income attributable to common shareholders of $11.1 million, while diluted earnings per share came in at $0.17. Cost of sales increased to $26.2 million as business volume expanded.
Cash and cash equivalents rose to $445.2 million, while total liabilities reached $145.3 million. Cash used in operating activities was $11.7 million, and capital spending totaled $1.4 million.
Following the release, the stock rose 30.02% after the market close, signaling a strong investor response to the quarter’s results.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
AXT, Inc. Insider Trading Activity
AXT, Inc. insiders have traded $AXTI stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.
Here’s a breakdown of recent trading of $AXTI stock by insiders over the last 6 months:
- MORRIS S YOUNG (CEO) has made 0 purchases and 7 sales selling 559,964 shares for an estimated $37,494,037.
- JESSE CHEN has made 0 purchases and 20 sales selling 159,817 shares for an estimated $10,252,076.
- GARY L FISCHER (CFO) has made 0 purchases and 2 sales selling 89,032 shares for an estimated $4,505,145.
- DAVID C CHANG has made 0 purchases and 4 sales selling 68,333 shares for an estimated $3,385,424.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
AXT, Inc. Hedge Fund Activity
We have seen 124 institutional investors add shares of AXT, Inc. stock to their portfolio, and 82 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DAVIDSON KEMPNER CAPITAL MANAGEMENT LP removed 2,734,693 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $155,822,807
- JANE STREET GROUP, LLC added 1,521,633 shares (+168.2%) to their portfolio in Q1 2026, for an estimated $86,702,648
- POINT72 ASSET MANAGEMENT, L.P. removed 1,511,856 shares (-99.7%) from their portfolio in Q1 2026, for an estimated $86,145,554
- HOOD RIVER CAPITAL MANAGEMENT LLC removed 1,485,565 shares (-73.8%) from their portfolio in Q1 2026, for an estimated $84,647,493
- WT ASSET MANAGEMENT LTD added 1,347,119 shares (+inf%) to their portfolio in Q1 2026, for an estimated $76,758,840
- E FUND MANAGEMENT CO., LTD. added 1,262,719 shares (+inf%) to their portfolio in Q1 2026, for an estimated $71,949,728
- CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG removed 1,056,328 shares (-76.0%) from their portfolio in Q1 2026, for an estimated $60,189,569
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
AXT, Inc. Price Targets
Multiple analysts have issued price targets for $AXTI recently. We have seen 2 analysts offer price targets for $AXTI in the last 6 months, with a median target of $57.0.
Here are some recent targets:
- Matt Bryson from Wedbush set a target price of $93.0 on 05/01/2026
- Dave Kang from B. Riley Securities set a target price of $21.0 on 02/20/2026
