
AXT (AXTI) Stock Forecast & Price Target
AXT (AXTI) Analyst Ratings
Bulls say
AXT Inc. demonstrated a significant recovery in its operating margins, improving from -34.0% to -1.4% in the second quarter, primarily driven by increased volume and enhanced gross margins, which rose markedly from 8.2% to 22.4%. The company also reported a 21% quarter-over-quarter increase in GaAs revenue, reaching $7.5 million, fueled by growing demand for wireless RF devices, leading management to project revenues of approximately $26 million for Q1, which represents a 13% quarter-over-quarter increase. Furthermore, the expectation of gross margins remaining in the high 20% range underscores a favorable outlook for future revenue growth, enhancing AXT's position in the semiconductor substrate market.
Bears say
AXT Inc. reported a significant decline in revenues from Indium Phosphide, experiencing a 39% quarter-over-quarter drop and a 12% year-over-year decrease, primarily due to management's failure to obtain expected export permits. The company's gross margins also fell to 20.9% in the fourth quarter, down from 22.3% in the third quarter, raising concerns about operational efficiency despite a slight year-over-year improvement. Additionally, raw material sales saw a flat quarter-over-quarter performance alongside a 22% year-over-year decline, with macroeconomic factors such as rising oil and gas prices potentially impacting future business stability.
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
Start investing in AXT (AXTI)
Order type
Buy in
Order amount
Est. shares
0 shares