Filing Flows › AXT (AXTI) › Q3 2026
AXT (AXTI) Q3 2026 earnings results (third quarter 2026)
8-K filed Oct 29, 2026
AXT (AXTI) reported revenue of $73.4M for the third quarter 2026 (Q3 2026), +163% from a year earlier and +54% from the quarter before. Operating margin was 38.7%, net earnings $25.7M (35.0% of revenue).
AXT, Q3 2026: revenue $73.4M (+163% year over year), operating margin 38.7%, net earnings $25.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.4M | +54% | +163% |
| Gross profit | $41.1M | +92% | +560% |
| Operating profit | $28.4M | +173% | — |
| Net earnings | $25.7M | +131% | — |
What changed
Revenue was $73.4M in Q3 2026, up 163% year over year and up 54% from the previous quarter.
Gross margin was 56.0%, up 33.7 points from Q3 2025. Operating profit was $28.4M, a 38.7% margin (up 42.7 points year over year). Operating expenses grew 72% against revenue growth of 163%. The fastest-growing cost line was Research & development (+289%). Net earnings were $25.7M. The effective tax rate was 13.3%.
Questions
What was AXT's revenue in the third quarter 2026?
AXT (AXTI) reported revenue of $73.4M for the third quarter 2026 (Q3 2026), +163% from a year earlier and +54% from the quarter before.
Was AXT profitable in the third quarter 2026?
Operating profit was $28.4M (38.7% of revenue) and net earnings $25.7M.
Source: AXT 8-K on SEC EDGAR.