AXT posts record Q3 revenue and net income, driven by AI datacenter demand for indium phosphide.

AXT reported record revenue and improved net income for Q3 2026, fueled by strong sales of indium phosphide wafers used in AI datacenter applications. The company has secured multiple supply agreements and is expanding production capacity to meet growing demand. Despite a 470% stock price increase over the past year, recent market volatility has led to a rating change from Strong Buy to Buy. This reflects confidence in continued growth but acknowledges increased market risks.

As of Nov 04, 2026 21:31 WIB, AXT Inc (AXTI) trades at USD 51.20 on Pluang, showing a slight 0.25% decline in the last day. The stock maintains a market capitalization of $3.37 billion with active trading volume exceeding 11 million shares. Pluang investors hold the stock for an average of 18 days, with current order activity favoring buys at 59%.