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High conviction on AXTI? Try Tradr's AXTX or AXTQThe latest update is out from AXT ( (AXTI) ).
On June 25, 2026, AXT-Tongmei entered into a three-year Master Development and Supply Agreement with Coherent Corp. to develop and mass supply 6-inch indium phosphide wafer substrates. Under the deal, AXT will expand manufacturing capacity at its Beijing facility from 2026 through 2028 and dedicate an agreed production volume to Coherent.
Coherent will make a prepayment of about $22.3 million, which will be applied against future wafer purchases and can be refunded if not fully used when the agreement ends, subject to minimum order and capacity conditions. The structure secures a committed customer and funding for AXT’s capacity expansion while giving Coherent priority access to additional capacity on the same terms, reinforcing both companies’ positions in the InP supply chain.
The most recent analyst rating on (AXTI) stock is a Buy
with a $125.00 price target.
To see the full list of analyst forecasts on AXT stock,
see the AXTI Stock Forecast page.
Spark’s Take on AXTI Stock
According to Spark, TipRanks’ AI Analyst, AXTI is a Neutral.
The score is held back primarily by weak financial performance (continued losses and cash burn) and soft technical momentum (below key moving averages with negative MACD). Offsetting these, the latest earnings call signaled a near-term pivot toward profitability with strong indium phosphide demand/backlog, and corporate events add incremental support via long-term supply visibility and governance improvements.
To see Spark’s full report on AXTI stock,
click here.
More about AXT
AXT, Inc., through its subsidiary AXT-Tongmei, operates in the compound semiconductor materials industry, supplying indium phosphide wafer substrates used in advanced optoelectronics and communications applications. The company manufactures these products at its facility in Beijing, China, serving leading technology firms that require high-specification semiconductor materials for mass production.
Average Trading Volume: 11,109,426
Technical Sentiment Signal: Buy
Current Market Cap: $4.25B
For a thorough assessment of AXTI stock, go to TipRanks’ Stock Analysis page.