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AXT Inc Shares Surge 19% on Q3 Earnings Beat and InP Demand $560M Volume Ranks 226th on March 19
AXT Inc. (AXTI) saw its shares surge by 19.13% on March 19, 2026, driven by a strong Q3 2025 earnings report that exceeded revenue expectations and improved gross margins, despite a modest net loss. The company’s performance was significantly boosted by rising demand for Indium Phosphide (InP) wafers, crucial for data centers and optical connectivity. AXT plans to double its InP production capacity to meet future demand, especially in AI and optical connectivity applications, reinforcing investor confidence in its market position.