AXT, Inc. (AXTI) Tops Q2 EPS by 3c
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AXT, Inc. Announces Second Quarter 2024 Financial Results
August 1, 2024 4:05 PM EDTRevenue up 23 percent sequentially and up 50 percent from Q2 2023
FREMONT, Calif.--(BUSINESS WIRE)-- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2024.
Management Qualitative Comments
Q2 was another solid quarter of growth, with our revenues up 23 percent sequentially and more than 50 percent year over year, said Morris Young, chief executive officer. We are encouraged by the signs of adoption in new applications, such as AI where we expect that indium phosphide will be... More
