AXT INC (AXTI) SEC Filings

AXT INC (AXTI) director Leonard J. LeBlanc reported selling 4,000 shares of common stock on 2026-08-17 in an open-market or private sale at $96.0701 per share. Following this transaction, he directly holds 113,129 shares of AXT INC common stock. The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan.

AXT Inc. insider Leblanc Living Trust plans to sell 4,000 Class A shares of AXT Inc. through broker Purshe Kaplan Sterling on the NASDAQ, with an indicated value of $371,720.00, in connection with a stock award dated May 15, 2026 and classified as compensation.

The disclosure also lists recent transactions by Leblanc Living Trust: on June 10, 2026, it sold 500 shares of AXT Inc. for $44,795.00, and on August 7, 2026 it sold 2,000 shares for $176,630.00.

AXT, Inc. reported sharply stronger results for the quarter ended June 30, 2026. Quarterly revenue was $47.6 million, up from $18.0 million a year earlier, and six‑month revenue reached $74.5 million versus $37.3 million. Net income attributable to AXT, Inc. was $11.1 million for the quarter and $9.5 million for the first half, compared with losses of $7.0 million and $15.8 million in the prior-year periods, with diluted EPS of $0.17 for the quarter and $0.16 year‑to‑date.

The balance sheet was transformed by an April 2026 secondary public offering of 9.84 million shares, generating gross proceeds of about $632.5 million. Cash, restricted cash and cash equivalents rose to $445.2 million, and total cash plus investments to $748.8 million, against short‑term loans of $84.2 million and long‑term loans of $15.5 million. Subsequent to quarter‑end, a six‑year capacity reservation agreement calls for two customer deposits of $43.5 million each. Also after quarter‑end, withdrawal of a planned Tongmei listing created potential redemption rights for investors holding about $49 million of redeemable noncontrolling interests, which the company states it has funds to satisfy in full.

Jane Street Group, LLC and its affiliates report beneficial ownership of AXT Inc. common stock on a Schedule 13G/A (Amendment No. 2). The group reports beneficial ownership of 4,382,115 shares of common stock, representing 6.7% of the class.

All reported shares are held with shared voting and dispositive power. Jane Street Capital, LLC holds 3,836,581 shares (5.9%), Jane Street Global Trading, LLC holds 545,503 shares (0.8%), and Jane Street Singapore Pte. Ltd holds 31 shares. Jane Street Group, LLC is identified as the parent holding company of these subsidiaries.

Leblanc Living Trust, an affiliate of AXT Inc., plans to sell up to 2,000 Class A shares of AXT through broker Purshe Kaplan Sterling on or about 08/07/2026 on NASDAQ, with an aggregate market value of $175,020.00. AXT lists 65,423,184 Class A shares outstanding. The trust previously sold 500 shares on 06/10/2026 for $44,705.07. Disclosed holdings include stock awards of 10,000 shares granted on 05/15/2026 and 10,000 shares granted on 05/23/2014 as 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.