
AXT (AXTI) Stock Forecast & Price Target
AXT (AXTI) Analyst Ratings
Bulls say
AXT Inc. has demonstrated significant improvement in its financial performance, with an operating margin (OM) rising from -34.0% to -1.4% in the second quarter, attributed to higher volumes and an enhanced gross margin (GM) of 22.4%, up from 8.2%. The company achieved a remarkable 21% quarter-over-quarter increase in GaAs revenue, totaling $7.5 million, driven by growing demand for wireless RF devices, while InP revenue surged from $3.6 million to $13.1 million due to favorable changes in export licensing conditions. AXT’s outlook appears positive as it experiences robust growth linked to rising requirements for III-V materials, essential for advancing optical technologies that support increased networking bandwidth.
Bears say
AXT Inc. reported a total revenue of $18.0 million in Q2, reflecting a decline of 7.4% quarter-over-quarter and a significant decrease of 35.6% year-over-year, signaling potential challenges in sales performance. The company's raw material sales also plummeted 20% quarter-over-quarter and 19% year-over-year, further indicating weak demand for its products. Additionally, ongoing issues with export licenses and macroeconomic headwinds such as rising oil and gas prices and potential declines in consumer spending present substantial risks to AXT's revenue and profitability outlook.
This aggregate rating is based on analysts' research of AXT and is not a guaranteed prediction by Public.com or investment advice.
AXT (AXTI) Analyst Forecast & Price Prediction
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