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Stock impact report

AXT, Inc. Announces First Quarter 2025 Financial Results

AXT Inc (AXTI) 
Last axt inc earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: axt.com
Company Research Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2025.Management Qualitative Comments“While the geopolitical environment is creating undeniable challenges, we are focusing our energies where we can drive positive returns today,” said Morris Young, chief executive officer. “Tongmei, our China subsidiary, is uniquely positioned to optimize growth opportunities in China, such as high-speed data center connectivity and LIDAR for autonomous driving, and are pursuing these and other opportunities with success across key markets for indium phosphide, gallium arsenide, and germanium substrates. We are also working tirelessly on behalf of our global customer base to ensure that we can continue to support their needs across all our products.“We were highly disappointed with our gross margin performance in Q1,” Young continued. “We believe th Show less Read more
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