AXT Q2 FY26 gross profit swings to USD 21.37 million; revenue more than doubled to USD 47.59 million vs Q2 FY25

• AXT posted revenue of $47.59 million, up 164.8% from a year earlier, lifted by higher InP demand on additional China export approvals.
• Gross profit climbed to $21.37 million, pushing gross margin to 44.9% from 8% a year earlier.
• Selling, general and administrative expenses rose 29% to $7.29 million, driven by higher legal, compensation, travel, and license-related costs.
• Interest income swung to $4.73 million from an expense a year earlier, on investing secondary offering proceeds of about $100 million and $632.5 million.
• Tongmei signed new InP capacity deals, including a $22.29 million Coherent prepayment and a $43.5 million Lumentum deposit for multi-year reservations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AXT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-027677), on August 13, 2026, and is solely responsible for the information contained therein.