Why AXT (AXTI) Stock Is Up Today | Quiver Quantitative

AXT, Inc. (AXTI) is up 24.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied primarily to AXT’s second-quarter 2026 earnings release, which showed a sharp jump in revenue, a major improvement in margins, and a return to profitability. Investors also seem to be reacting to management’s comments that demand for indium phosphide wafers used in data-center optical connectivity and AI infrastructure is accelerating, with recent supply agreements adding support to that growth story.

Details:

Second-quarter 2026 revenue rose to $47.6 million from $26.9 million in the prior quarter and $18.0 million a year earlier.

GAAP gross margin reached 44.9%, up from 29.6% in the first quarter and 8.0% in the year-ago period, showing a strong improvement in profitability.

AXT posted GAAP net income attributable to shareholders of $11.1 million, or $0.17 per diluted share, versus a loss in both the prior quarter and the same quarter last year.

The company recently disclosed supply agreements tied to 6-inch indium phosphide wafers and 2027 substrate purchases, which may be reinforcing confidence in demand visibility and planned capacity expansion.

Sources:

AXT Investor Relations, SEC, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AXTI Insider Trading Activity

$AXTI 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.

$AXTI Hedge Fund Activity

We have seen 125 institutional investors add shares of $AXTI stock to their portfolio, and 83 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.

$AXTI 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

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.