AXT outlines preliminary Q1 2026 revenue and loss

AXT, Inc. released preliminary estimates for its results for the three months ended March 31, 2026.

Rhea-AI Filing Summary

AXT, Inc. released preliminary estimates for its results for the three months ended March 31, 2026. The Company anticipates revenue between $26 million and $28 million. It expects a net loss attributable to the Company between $1.6 million and $2.6 million, or a basic and diluted net loss per share between $0.03 and $0.05. These figures are based on management’s initial review and may change once full financial closing procedures are completed and the formal Form 10-Q is issued.

Insights

Equity research analyst

AXT gives a preliminary Q1 2026 view with modest revenue and a small net loss.

AXT, Inc. provided an early look at its quarter ended March 31, 2026, indicating revenue between $26 million and $28 million. This range frames the scale of current operations ahead of the formal quarterly report.

The Company also projects a net loss attributable to AXT of $1.6 million to $2.6 million, translating to a basic and diluted net loss per share of $0.03 to $0.05. These figures suggest a relatively modest loss in absolute and per-share terms.

Management notes the numbers are based on an initial review and remain subject to completion of financial closing procedures. More detailed results and drivers of performance are expected when AXT files its Form 10-Q for the quarter ended March 31, 2026.

8-K Event Classification

Item 2.02 — Results of Operations and Financial Condition

1 item

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Key Figures

Preliminary revenue range: $26–28 million Preliminary net loss range: $1.6–2.6 million Preliminary net loss per share: $0.03–$0.05 per share +1 more

4 metrics

Preliminary revenue range $26–28 million For the three months ended March 31, 2026

Preliminary net loss range $1.6–2.6 million Net loss attributable to the Company, Q1 2026

Preliminary net loss per share $0.03–$0.05 per share Basic and diluted, Q1 2026

Disclosure vehicle Rule 424(b)(5) prospectus supplement Used to disclose preliminary Q1 2026 figures

Key Terms

prospectus supplement, Rule 424(b)(5), net loss per share (basic and diluted), General Instruction B.2

4 terms

prospectus supplement regulatory

"in a prospectus supplement filed with Securities and Exchange Commission pursuant to Rule 424(b)(5)"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Rule 424(b)(5) regulatory

"filed with Securities and Exchange Commission pursuant to Rule 424(b)(5) of the Securities Act of 1933"

net loss per share (basic and diluted) financial

"net loss per share (basic and diluted) of between $0.03 and $0.05"

General Instruction B.2 regulatory

"being “furnished” in accordance with General Instruction B.2"

Offering Details

other

Offering

Offering Type other

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What preliminary Q1 2026 revenue did AXT (AXTI) disclose?

AXT anticipates Q1 2026 revenue between $26 million and $28 million. These preliminary figures are based on management’s initial review of operations and will be finalized when the company completes its financial closing procedures and files its Form 10-Q.

What net loss did AXT (AXTI) project for Q1 2026?

AXT expects a Q1 2026 net loss attributable to the company between $1.6 million and $2.6 million. This preliminary loss estimate will be updated once full financial closing procedures are complete and the official quarterly report is issued.

What is AXT’s projected Q1 2026 net loss per share?

AXT projects a basic and diluted Q1 2026 net loss per share between $0.03 and $0.05. This range is based on early internal reviews and may change when the company files its detailed Form 10-Q for the quarter.

How final are AXT’s Q1 2026 preliminary financial results?

The Q1 2026 figures AXT disclosed are preliminary estimates based on management’s initial review. They remain subject to completion of financial closing procedures and could change in the finalized Form 10-Q results for the quarter.

In what context did AXT (AXTI) disclose its Q1 2026 estimates?

AXT disclosed its Q1 2026 estimates in a prospectus supplement filed under Rule 424(b)(5). The same information was furnished in a Form 8-K under Item 2.02, which does not treat the data as filed for certain liability purposes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/20/2026 - 04:47 PM EDT Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 20, 2026 

AXT, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-24085		94-3031310
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4281 Technology Drive

Fremont, California 94538

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (510) 438-4700

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:		Trading Symbol		Name of each exchange on which registered:
Common Stock, $0.001 par value		AXTI		The NASDAQ Stock Market LLC

Item 2.02 Results of Operations and Financial Condition

On April 20, 2026, AXT, Inc. (the “Company”) in a prospectus supplement filed with Securities and Exchange Commission pursuant to Rule 424(b)(5) of the Securities Act of 1933, as amended (“Securities Act”), disclosed that its anticipated revenues for the three months ended March 31, 2026, will range between $28 million and $26 million and its anticipated net loss attributed to the Company for the three months ended March 31, 2026, will range between $1.6 million and $2.6 million, or net loss per share (basic and diluted) of between $0.03 and $0.05.

The anticipated revenues and net loss attributed to the Company are based on management’s initial review of operations for the quarter and remain subject to completion of the Company’s financial closing procedures. Accordingly, these results are subject to change and may differ materially from the results that will be reflected in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

The information contained in this Item 2.02 is being “furnished” in accordance with General Instruction B.2 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, or Sections 11 and 12(a)(2) of the Securities Act. The information contained herein shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AXT, INC.
Date: April 20, 2026	By:	/s/ Gary L. Fischer
		Gary L. Fischer
		Chief Financial Officer and Corporate Secretary

2

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB