AXTI Q2 FY2026 earnings: EPS beat by 171.4%, revenue beat by 39.6%
AXT reported Q2 FY2026. EPS came in at $0.19 against a $0.07 consensus, beat by 171.4%. Revenue was $47.6M versus $34.1M expected, beat by 39.6%. Gross margin was 44.9%, up 1530 bps from last quarter.
§
The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.19 | $0.07 | beat by 171.4% |
| Revenue | $47.6M | $34.1M | beat by 39.6% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $47.6M | +76.8% | +164.8% |
| Gross profit | $21.4M | +167.8% | +1391.0% |
| Operating income | $10.4M | +757.6% | +254.5% |
| Net income | $11.1M | +786.9% | +258.8% |
| Diluted EPS | $0.19 | +725.0% | +218.8% |
| Gross margin: 44.9%. |
§
The trend
Revenue is up 164.8% from the same quarter last year. Gross margin sits at 44.9%, a new high for the period charted.
§
How it stacks up
Pro
This section is part of the Pro report for AXTI.
Subscribe — $49.99/mo →
§
Go deeper on AXTI
The Weekly Semi Engine
The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →