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. CEO Morris S. Young received a direct grant of 23,350 shares of restricted stock on October 27, 2026, under the 2025 Equity Incentive Plan. The transaction was reported as exempt under Rule 16b-3. The reported post-transaction total was 2,171,683 shares, including shares held by the Young Family Trust DTD.
AXT Inc. CFO Gary L. Fischer received a grant of 8,524 shares of common stock on October 27, 2026, under the issuer’s 2025 Equity Incentive Plan, in consideration for past services. The grant is subject to a restricted stock agreement; his reported direct holdings following the grant were 199,802 shares.
AXT, Inc. reported third-quarter 2026 revenue of $73.410 million, compared with $27.955 million a year earlier. CEO Morris Young called it a record and attributed the result to strong customer demand for indium phosphide material; he said revenue increased 54% from the prior quarter and 162% year over year. GAAP net income attributable to AXT was $25.723 million, versus a $1.906 million loss in the year-earlier quarter. Diluted GAAP earnings were $0.39 per share, compared with a $0.04 loss.
Non-GAAP net income was $26.792 million, or $0.41 per diluted share; AXT says these supplemental measures exclude stock-based compensation. Cash and cash equivalents were $485.472 million as of September 30, 2026, compared with $120.266 million as of December 31, 2025. The company identified export permits and U.S.-China geopolitical tensions among factors that could affect forward-looking results.
AXT, Inc. (AXTI) and its subsidiary Beijing Tongmei Xtal Technology Co., Ltd. entered into agreements providing for institutional investors to invest a minimum of RMB 1,912,350,000 (approximately US$285 million) and up to RMB 3,668,639,053.25 (approximately US$545 million) in Tongmei ordinary shares, subject to customary closing conditions. Separately, AXT agreed to subscribe for 342,998,797 Tongmei ordinary shares for the RMB equivalent of US$400 million on or prior to the closing of the transactions. Tongmei intends to use proceeds for indium phosphide substrate manufacturing capacity, business operations, capital expenditures and general working capital.
The financing is expected to close in December 2026, subject to required governmental filings and other conditions; AXT says there is no assurance it will close. Assuming the maximum investor amount, AXT expects to retain control and own approximately 73.40% of Tongmei after closing. The Lead Investor has the right to nominate one of Tongmei’s nine directors, and investors have redemption rights, including if Tongmei has not completed a Qualified IPO by the third anniversary of closing.
AXT INC (symbol: AXTI) is the issuer of record for a Form SCHEDULE 13G/A filing submitted to the SEC. AXT Inc. was the issuer of the common stock for which BlackRock, Inc. reported beneficial ownership of 9,359,639 shares, or 14.3%, as of September 30, 2026. BlackRock reported sole voting power over 9,254,836 shares and sole dispositive power over 9,359,639 shares, with no shared voting or dispositive power. The reported holdings reflect certain BlackRock business units and subsidiaries and affiliates, excluding securities attributed to disaggregated business units. iShares Core S&P Small-Cap ETF was identified as having an interest in more than 5% of AXT's outstanding common stock.
AXT INC (AXTI) director Leonard J. LeBlanc reported open-market or private sales of the company’s common stock. He sold 2,000 shares on 2026-08-07 at an average price of $88.315 per share and 500 shares on 2026-06-10 at $89.59 per share, totaling 2,500 shares sold. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan.
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.