Earnings call briefThird-quarter 2026
AXT expects fourth-quarter non-GAAP net income of $0.57 to $0.59
AXT said it has about $90 million of fourth-quarter revenue it can realize, from products already permitted to ship or needing no permit.
GetSignal AXT AXTI
On its third-quarter call, Chief Financial Officer Gary Fischer said AXT expects fourth-quarter non-GAAP operating expense of approximately $13 million and GAAP operating expense of approximately $14 million.
Fischer said AXT has a high degree of confidence in recognizing that revenue in the fourth quarter. AXT estimates its fourth-quarter share count at approximately 66.1 million shares.
Quotes from the call
“As of today, we have approximately $90 million in revenue that can be realized in Q4 across our substrate product lines and raw materials for which we either already have a permit to ship or for which a permit is not required.”
“...we believe our non-GAAP net income will be in the range of $0.57 to $0.59 and GAAP net income will be in the range of $0.56 to $0.58.”
Key facts from the call
- Expected fourth-quarter revenue that can be realized
- Approximately $90 million, from products with a shipping permit or that need none
- Expected fourth-quarter non-GAAP net income
- $0.57 to $0.59
- Expected fourth-quarter GAAP net income
- $0.56 to $0.58
- Expected fourth-quarter share count
- Approximately 66.1 million shares
Source: AXT's third-quarter 2026 earnings call, October 29, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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