Specialist in Compound Semiconductors Expects Strongest Quarter in Company History
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AXT benefits as a specialist in indium phosphide substrates from high demand in data centers. With a backlog of over 100 million USD, the company is expected to have its highest revenue quarter in its history. In the first quarter of 2026, the company recorded a revenue of 26.9 million USD, exceeding analysts' estimates as well as significantly reducing the loss per share. A strategic capital raise of 632.5 million USD to expand production capacities at the subsidiary Tongmei bolsters investor confidence in future demand. The stock of semiconductor...
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