Axt Inc's (AXTI) Outlook

Company Name, Ticker, Suppliers, else..

Axt Inc (NASDAQ: AXTI)

Sector • Technology Industry • Semiconductors

Industry • Semiconductors

Sector • Technology

Axt Inc Outlook

On April 8 2024 the Axt Inc provided following guidance

AXT, Inc., a prominent manufacturer of compound semiconductor substrates, released preliminary revenue results for the first quarter of 2024 on April 8th. The company anticipates reporting revenue in the range of $22.4 to $22.7 million for the quarter ended March 31, 2024, surpassing its earlier projection of $20 million to $22 million. This increase in revenue is attributed to the rising demand for indium phosphide and gallium arsenide substrates across various sectors such as artificial intelligence/data center connectivity, infrastructure, wireless devices, industrial lasers, and others. The company is scheduled to announce its complete earnings for the quarter on May 2, 2024.

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