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Home/News Feed/AXT shares steady amid sector jitters before Lumentum earnings, up 351% YTD.

AXTI

$78.40

+$0.95 +1.23%

AXT shares steady amid sector jitters before Lumentum earnings, up 351% YTD.

Market News

11 Aug 2026

24/7 Wall Street

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Neutral

AXT shares remained steady near $74 after a volatile week, reflecting cautious sentiment ahead of Lumentum's earnings report. Lumentum's outlook on optical modules and switches will influence the optical supply chain, including AXT's indium phosphide substrates business. Despite recent sector sell-offs and geopolitical concerns over China-related export licenses, AXT has surged 351% year to date, outperforming peers. Investors await Lumentum's results tonight and Coherent's earnings tomorrow for cues on future demand in optical connectivity tied to AI data centers.

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