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AXT Inc. (NASDQ:AXTI) is one of the 10 Stocks That Would Have Boosted Your Portfolios by Double Digits.

AXT rallied for a second day on Wednesday, climbing 16.98 percent to close at $53.18 apiece, as investors loaded portfolios ahead of the release of its earnings performance for the first quarter of the year.

In a notice on its website, AXT Inc. (NASDQ:AXTI) said that it would announce its financial and operating highlights for the last quarter after market close on April 30, 2026. A conference call will be held to elaborate on the results.

A semiconductor. Photo by Tima Miroshnichenko on Pexels

The rally was further supported by the company’s earlier optimism that it would post sequential growth for the said period amid the progress in its export permits, which it failed to secure in the fourth quarter of 2025.

AXT Inc. (NASDQ:AXTI) also underscored the strong demand for indium phosphide—a high-performance semiconductor primarily used for high-speed electronics, optoelectronics, and photonics, and is crucial for various industries, including fiber optic communications, mobile networks, automotive lidars, and laser technologies, among others—as data center operators continue with their AI infrastructure build-out.

“We are in a strong position to achieve sequential revenue growth in Q1, driven primarily by growth in indium phosphide for the AI infrastructure build-out,” AXT Inc. (NASDAQ:AXTI) CEO Morris Young said.

“We are also on track to double our indium phosphide manufacturing capacity this year and have a strong balance sheet to support our continued business expansion,” he noted.

Last year, AXT Inc. (NASDAQ:AXTI) widened its attributable net loss by 83 percent to $21.26 million from $11.6 million in 2024. Revenues also declined by 11 percent to $88 million from $99 million year-on-year.

In the fourth quarter alone, attributable net loss narrowed by 31 percent to $3.5 million from $5.09 million, while revenues dropped by 8 percent to $23 million from $25 million.

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