U.S. stocks were higher, with the Dow Jones index gaining around 200 points on Tuesday.Henry Schein reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.30 per share. The company reported quarterly sales of $3.437 billion which beat the analyst consensus estimate of $3.345 billion.Henry Schein shares jumped 8.3% to $87.24 on Tuesday.Here are some other big stocks recording gains in today’s session.Photo via Shutterstock ...

Core Viewpoint - AXT (AXTI) reported Q4-2025 financial results that were in line with expectations, despite a revenue decrease attributed to delayed export permits. The company anticipates a stronger Q1-2026 as it resumes fulfilling its backlog for indium phosphide, leading to a rally in its stock price [1]. Financial Performance - Revenue for Q4-2025 decreased due to delays in export permits [1]. - The company expects Q1-2026 to show improvement as it addresses its backlog for indium phosphide [1]. - The stock price of AXT experienced a rally following the financial results announcement [1].

U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 200 points during the session after the Supreme Court struck down President Donald Trump’s tariffs.Major indices also recorded gains last week, with the Dow adding 0.3% and the S&P 500 gaining 1.1%. The tech-heavy Nasdaq also jumped 1.5% last week.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Ev ...

分组1 - AXT reported a quarterly loss of $0.05 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.04, representing an earnings surprise of -15.47% [1] - The company posted revenues of $23.04 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 10.14%, compared to year-ago revenues of $25.1 million [2] - AXT shares have increased by approximately 44% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [3] 分组2 - The earnings outlook for AXT is uncertain, with current consensus EPS estimates of -$0.04 on $26.69 million in revenues for the coming quarter and -$0.01 on $122.53 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Electronics - Semiconductors is currently in the top 35% of over 250 Zacks industries, indicating a favorable industry outlook [8] - AXT has a Zacks Rank of 4 (Sell), suggesting that the stock is expected to underperform the market in the near future due to unfavorable estimate revisions [6]

AXT (NasdaqGS:AXTI) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Company ParticipantsGary Fischer - CFOLeslie Green - Investor RelationsMorris Young - CEOTim Bettles - VP of Business DevelopmentConference Call ParticipantsMatt Bryson - AnalystRichard Shannon - AnalystTim Savageaux - AnalystOperatorGood afternoon, everyone, and welcome to AXT's fourth quarter 2025 financial conference call. Leading the call today is Dr. Morris Young, Chief Executive Officer, and Gary Fischer, Chief Financial Officer. ...

AXT (NasdaqGS:AXTI) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Company ParticipantsGary Fischer - CFOLeslie Green - Investor RelationsMorris Young - CEOTim Bettles - VP of Business DevelopmentConference Call ParticipantsMatt Bryson - AnalystRichard Shannon - AnalystTim Savageaux - AnalystOperatorGood afternoon, everyone, and welcome to AXT's Q4 2025 financial conference call. Leading the call today is Dr. Morris Young, Chief Executive Officer, and Gary Fischer, Chief Financial Officer. In addition, ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $23.0 million, down from $28.0 million in Q3 2025 and $25.1 million in Q4 2024 [4] - Non-GAAP gross margin in Q4 was 21.5%, compared to 22.6% in Q3 2025 and 18.0% in Q4 2024 [5] - Non-GAAP operating loss in Q4 2025 was $2.6 million, an increase from a loss of $384,000 in Q3 2025 and a loss of $5.4 million in Q4 2024 [6][7] - Cash and investments increased by $97.2 million to $128.4 million as of December 31, primarily due to a public offering [9] Business Line Data and Key Metrics Changes - Revenue from Indium Phosphide was $8.0 million, primarily from data center applications, while Gallium Arsenide generated $7.0 million [4] - Revenue from consolidated raw material joint ventures was $7.6 million in Q4 [4] - The backlog for indium phosphide wafers reached over $60 million, indicating strong demand [16] Market Data and Key Metrics Changes - Revenue from Asia Pacific accounted for 81.5% of total revenue, Europe 17.5%, and North America 1% [4] - Revenue related to the data center market in China is expected to grow by more than 60% in Q1 2026 compared to Q4 2025 [18] Company Strategy and Development Direction - The company plans to list its subsidiary, Tongmei, on the STAR Market in Shanghai, focusing on the growing demand for indium phosphide substrates in AI infrastructure [10] - AXT is expanding its capacity, aiming to double it by the end of 2026, with a focus on six-inch indium phosphide products [19][53] - The company is actively engaging with customers to understand their long-term requirements and align expansion plans globally [19] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the number of export permits received in Q4 but noted improvements in Q1 [14] - The company expects sequential revenue growth in Q1, driven by indium phosphide demand for AI data centers [15] - The geopolitical environment is affecting the export permit process, which remains a significant gating factor for growth [23] Other Important Information - The company is focused on improving gross margins, controlling operating expenses, and reducing inventory [24] - The management highlighted the importance of maintaining efficiency in operations to meet growing demand [23] Q&A Session Summary Question: Revenue number for the quarter - The company confirmed a revenue number of approximately $26 million for Q1, with potential upside if more permits are received [31][32] Question: Licensing process insights - The licensing process has become less predictable, with some permits being denied but with instructions for resubmission [40][41] Question: Backlog and customer ordering patterns - Customers are placing longer-term orders, with forecasts extending beyond 2030, indicating strong demand [50] Question: Capacity additions and CapEx requirements - The company plans to double its capacity by the end of 2026, requiring approximately $30 million for the initial phase [53] Question: Demand and shipment capabilities - If permits were not a constraint, the company could potentially ship $20 million worth of indium phosphide, with expectations to increase to $35 million by year-end [90][91]

Group 1 - U.S. stocks exhibited mixed performance, with the Nasdaq increasing by approximately 100 points on Monday [1] - Valaris shareholders will receive 15.235 shares of Transocean stock for each Valaris share in an all-stock transaction [1] - Valaris shares surged by 21.8%, reaching a price of $76.02 on Monday [1]

Core Viewpoint - The article emphasizes the critical role of indium phosphide (InP) in the future of computing power, particularly in the context of AI and data centers, highlighting its unique properties that make it essential for high-speed optical communication [1][2]. Group 1: Indium Phosphide's Unique Properties - InP exhibits over ten times the electron mobility of silicon, making it suitable for high-frequency applications [2]. - It is particularly advantageous for optical communication at key wavelengths of 1310nm and 1550nm, where it can efficiently produce photonic devices [2]. - InP's high thermal resistance and radiation tolerance are crucial for AI servers operating in high-temperature environments [2]. Group 2: Market Demand and Growth - The global AI infrastructure spending is expected to exceed $1 trillion by 2026, driving demand for high-speed optical modules [1][5]. - The demand for InP devices is projected to reach 2 million units by 2025, with a supply gap of 70% as current production capacity is only 600,000 units [10]. - The market for InP is anticipated to grow at an annual rate of over 25% in the next five years, marking a historic growth period [6]. Group 3: Applications and Industry Expansion - InP is becoming increasingly important in various fields, including AI data centers, laser radar, 5G/6G mobile communication, and quantum computing [8]. - The commercialization of Co-Packaged Optics (CPO) technology is expected to further increase the demand for InP, as it reduces power consumption significantly [6][7]. - The global market for CPO is projected to grow approximately 166 times by 2030, indicating a substantial opportunity for InP [7]. Group 4: Global Market Dynamics - The InP industry is currently dominated by a few key players, with Japan's Sumitomo Electric holding a 60% market share [9]. - Major companies are expanding production capacities to meet the surging demand, but the market remains highly oligopolistic, with over 95% of production capacity controlled by a few firms [10]. - Domestic companies in China are making strides to break the foreign monopoly, with several firms achieving significant advancements in InP substrate production [11][13]. Group 5: Challenges and Future Outlook - The InP industry faces challenges related to production costs and technology, particularly in crystal growth processes that are complex and yield variable results [17][18]. - Despite these challenges, the industry is exploring ways to reduce costs through larger wafer sizes and improved production techniques [18]. - The geopolitical landscape and export controls are adding uncertainty to the supply chain, but they also drive nations to strengthen their domestic industries [19].

Summary of AXT Conference Call Company Overview - AXT is a specialized manufacturer of compound semiconductor materials, particularly indium phosphide, gallium arsenide, and germanium, with a focus on applications in data centers and optical transceivers [3][5][6] - The company was founded in 1986 and went public in 1998, with manufacturing operations based in China [3] Industry Insights - The demand for indium phosphide is significantly increasing due to its critical role in AI data center infrastructure and optical connectivity [4][12] - AXT is the only pure-play indium phosphide company listed on NASDAQ, positioning it uniquely in the market [4] - The company anticipates a doubling of demand for indium phosphide in 2026 and again in 2027, driven by scale-out and scale-up opportunities in data centers [22][23] Market Position and Competition - AXT holds approximately 40% of the global merchant market share for indium phosphide, with Sumitomo as its main competitor [20] - The company is expanding its capacity, aiming to double it by the end of 2025, while competitors like Sumitomo are expected to take longer to achieve similar expansions [21][23] - AXT's vertical integration in the supply chain allows it to control costs and mitigate risks associated with raw material supply [10] Financial and Operational Highlights - AXT's subsidiary in China, Tongmei, is in the process of going public on the STAR Market of the Shanghai Stock Exchange, although the process has faced delays [12] - The company reported that 70-75% of its indium phosphide revenue currently comes from outside China, with expectations for growth in the Chinese market [18] - The permitting process for exports from China is a significant risk factor, with the company working closely with the Ministry of Commerce to navigate this [15][16] Customer Base and Applications - AXT sells its products to EPI vendors and laser manufacturers, including well-known companies like Intel, Broadcom, and Lumentum [40] - The current revenue from data center connectivity is estimated to be around 10%, with significant growth potential as the market evolves [46] Challenges and Risks - The export control regulations in China pose a risk to AXT's operations, as indium phosphide was added to the export control list, requiring permits for international orders [15][16] - The company faces challenges in understanding the variability of the permit approval process, which can impact revenue recognition [33][36] Conclusion - AXT is well-positioned to capitalize on the growing demand for indium phosphide in the data center market, with a strong supply chain and expansion plans in place. However, regulatory challenges and competition remain key factors to monitor moving forward [4][10][12]