Welcome to our dedicated page for AXT SEC filings (Ticker: AXTI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
AXT, Inc. filings document the regulatory disclosures of a Nasdaq-listed manufacturer of compound semiconductor substrate wafers. Recent Form 8-K reports cover results of operations and financial condition, Regulation FD information, exhibit filings for earnings releases, and capital-structure disclosures involving its common stock.
The filing record also includes material definitive agreement disclosure for an underwriting agreement, exchange-registration information for AXTI common stock, and definitive proxy materials addressing shareholder voting matters, board and committee governance, director independence, and executive compensation.
AXT, Inc. reported strong second quarter 2026 results, with revenue of $47,589 thousand, up from $17,974 thousand a year earlier. GAAP net income attributable to AXT was $11,128 thousand, compared with a net loss of $7,008 thousand in the prior-year quarter, or diluted EPS of $0.17 versus $(0.16).
Management said the business has reached an inflection point, citing strong customer demand for data center optical connectivity, added manufacturing capacity, improved productivity, and the company’s highest quarterly indium phosphide revenue to date. Non-GAAP net income was $11,890 thousand, or $0.19 per diluted share. As of June 30, 2026, cash and cash equivalents were $412,167 thousand and total assets were $1,097,192 thousand, while total liabilities were $145,344 thousand. AXT scheduled a conference call for 1:30 p.m. PT on July 30, 2026 to discuss these results.
AXT, Inc. entered into a long-term Capacity Reservation Agreement with Lumentum Operations LLC for the supply of indium phosphide wafer substrates. AXT will reserve a minimum annual production capacity for Lumentum for an initial six‑year period beginning upon signing, with the arrangement described as running through December 31, 2031 and renewable in one‑year increments.
In return for this reserved capacity, Lumentum will provide AXT an initial deposit of $43,500,000 within thirty business days and a second $43,500,000 deposit with timing and terms to be set during 2028. These deposits function as shipment credits against future product purchases. If Lumentum’s yearly purchases fall below its committed volume, it must cover the shortfall, subject to exceptions for force majeure and product quality issues. If AXT fails to deliver the minimum capacity and does not cure the breach, it must refund any unused deposit, whereas upon termination for convenience or changes in demand AXT keeps unallocated deposits. Any changes to the committed capacity require written agreement by both companies.
AXT, Inc. reported that its Board of Directors approved an amendment to the company’s Second Amended and Restated Bylaws on July 26, 2026. The amendment changes Section 1.4 to reduce the quorum required for shareholder meetings from a majority to thirty-three and one-third percent of shares entitled to vote.
This bylaw change is effective immediately and is treated as a material modification to the rights of security holders, because it alters the voting threshold needed for shareholder meetings to conduct business.
BlackRock, Inc. reports a passive ownership stake in AXT INC common stock on a Schedule 13G. BlackRock and certain of its business units beneficially own 4,653,059 shares of AXT common stock, representing 7.1% of the outstanding class.
BlackRock has sole voting power over 4,544,864 shares and sole dispositive power over all 4,653,059 shares, with no shared voting or dispositive power reported. Various underlying clients or investors have rights to dividends or sale proceeds, but no individual person is stated to hold more than five percent of AXT’s total outstanding common shares.
AXT Inc director Jia-bin Duh reported equity holdings in the company’s common stock. The report lists an initial award of restricted stock and a prorated annual equity grant of common stock. Both awards vest on May 14, 2027, subject to the director’s continuous service through the vesting date.
AXT, Inc. expanded its Board of Directors from five to six members and appointed Jia-Bin Duh as an independent Class III director effective July 16, 2026. His term runs until the 2028 annual meeting of stockholders, and he will serve on the audit, compensation, and nominating and corporate governance committees.
Duh brings more than 30 years of senior executive and investor experience in technology and consumer sectors, particularly in Greater China, including leadership roles at Microsoft China and Cisco Systems China. He will receive an initial award of 2,500 shares of restricted stock and a prorated annual grant of 667 restricted shares, both vesting on May 14, 2027, under AXT’s existing non-employee director compensation policy, and will enter into the company’s standard indemnification agreement. AXT later announced his election in a July 22, 2026 press release.
AXT, Inc. reported that majority-controlled subsidiary Beijing Tongmei Xtal Technology withdrew its pending IPO application for listing on the Shanghai Stock Exchange’s STAR Market. The company plans instead to pursue a Hong Kong Stock Exchange listing highlighting its indium phosphide business for high-speed optical and AI data center applications.
Because of the withdrawal, private equity investors who previously funded Tongmei’s planned STAR Market listing now hold redemption rights on an aggregate RMB 324,404,508 (approximately US$49 million). Each fund, as well as AXT or Tongmei, may choose to redeem these investments at the original RMB amount without interest. AXT states it has sufficient funds to redeem all investments in full if required, while it continues discussions with the eleven funds about remaining invested ahead of a potential Hong Kong listing.
AXT, Inc., through its subsidiary AXT-Tongmei, entered into a three-year Master Development and Supply Agreement with Coherent CorpUS$22,288,500 prepayment in exchange for a defined capacity commitment for 6-inch indium phosphide wafer substrates.
AXT plans to increase manufacturing capacity for these products at its Beijing facility from 2026 through 2028. The prepayment is generally applied against product purchases and is refundable at Coherent’s option if fully unused at expiry, except when Coherent fails minimum order quantities, in which case remaining amounts become nonrefundable and AXT may terminate. Coherent may terminate and seek a refund of unused prepayments if AXT misses its capacity commitment for more than six successive months.
AXT Inc director Tracy Liu filed an initial ownership report showing equity awards in the company’s common stock. The filing lists two direct holdings: 726 shares and 2,500 shares of common stock. Footnotes explain these positions represent an initial restricted stock award and a prorated annual equity grant, each scheduled to vest on May 14, 2027, if Liu continues service through that date.
AXT, Inc. expanded its Board of Directors from four to five members and appointed Tracy Liu as an independent Class II director, effective June 17, 2026. Her term runs until the 2028 annual stockholders’ meeting, and she will serve on the audit, compensation, and nominating and corporate governance committees.
Liu brings more than 30 years of tax, accounting, and business advisory experience, including extensive work with high-tech and semiconductor companies in the U.S. and Asia and board leadership roles at ACM Research. As part of AXT’s non-employee director compensation program, she will receive 2,500 shares of restricted stock and a prorated annual grant of 726 restricted shares, both vesting on May 14, 2027, subject to continued service.
AXT highlights that Liu’s international and China-focused experience is intended to support its aggressive strategy to expand capacity for indium phosphide wafers used in AI-driven optical data transmission and other advanced semiconductor applications.