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8-K ·Filed Jul 2, 2026

AXTI

AXT INC
BULLISH
Impact 6/10
Horizonmonths Processed3mo ago SEC0001437749-26-022557
8-K Item 1.01 + 5.02 (likely routine officer/director compensation agreement)
Actionable Insight ▲ Bullish

The supply agreement with Coherent Corp provides a strong demand signal for AXT's InP substrates and a $22.3M prepayment that improves near-term liquidity. Traders should monitor AXT's capacity expansion progress at the Beijing facility and any subsequent order updates from Coherent. The 3-year term suggests recurring revenue visibility, but execution risk on capacity ramp remains.

DirectionBullish
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d
AXTI ▲ +30.11% at T+60d
LONG call ✓ call won +30.11% · α vs SPY +26.55% · entry $56.62 → $73.67
Entry = T+0 close
Jul 2, 2026
via day close
T+1d
+12.19%
call +12.19% · α +11.31%
$63.52
settled 4mo ago
T+5d
+10.47%
call +10.47% · α +9.54%
$62.55
settled 4mo ago
T+20d
-17.10%
call -17.10% · α -16.68%
$46.94
settled 3mo ago
T+60d
+30.11%
call +30.11% · α +26.55%
$73.67
settled 28d ago

Price Chart

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Executive Summary

AXT subsidiary AXT-Tongmei entered into a 3-year Master Development and Supply Agreement with Coherent Corp for 6-inch indium phosphide (InP) wafer substrates. Coherent made a $22.3M prepayment to secure committed capacity, with AXT agreeing to increase manufacturing capacity at its Beijing facility through 2028. The agreement validates AXT's InP technology and provides a significant upfront cash inflow, though the total contract value beyond the prepayment is undisclosed.

Key Financial Metrics

Deal Value
$22.3M

Key Facts

  • Agreement effective June 25, 2026, for an initial term of 3 years.
  • Coherent Corp made a prepayment of $22,288,500 to AXT for capacity commitment.
  • AXT to increase manufacturing capacity of 6-inch InP wafer substrates at its Beijing, China facility through 2026-2028.
  • Prepayment is refundable to Coherent if unused, unless Coherent fails to meet minimum order quantity (then nonrefundable).
  • Coherent may terminate if AXT fails capacity commitment for more than 6 consecutive months, with refund of unused prepayment.
  • Additional capacity beyond committed quantities to be offered to Coherent at same terms.

Financial Impact

$22.3 million prepayment from Coherent Corp; potential revenue from product sales over 3-year term, but total contract value not disclosed.

revenuecash flowcapital expenditure (capacity expansion)

Risk Factors

  • Capacity expansion at Beijing facility may face delays or cost overruns.
  • Coherent termination right if AXT fails capacity commitment for >6 consecutive months.
  • Undisclosed total contract value limits assessment of revenue impact relative to AXT's overall size.

Market Snapshot

Exchange
Nasdaq
Sector
Semiconductors & Related Devices
Analyst Consensus
73% bullish (11 analysts)

Investment Themes

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001437749-26-022557
Document: 0001437749-26-022557-index-headers.html0001437749-26-022557
Document: 0001437749-26-022557-index.html0001437749-26-022557
Document: 0001437749-26-022557.txt0001437749-26-022557
25 reports for AXTI
Performance horizon
62% Hit rate @ T+5 8 of 13 directional calls Went positive at some point 12 of 13 best @ T+60▲ +47.25%Apr 21, 2026
Filters
Rows
Reports for AXTI — sortable, filterable
TypeNow
Oct 5, 2026
21d ago
SC 13G/A
NEUTRAL ★ 3/10
$86.66 $61.98▼ −28.48%▼ −28.90%$56.89 (−34.35%)
Aug 21, 2026
9w ago
Institutional Cluster
BULLISH ★ 5/10
$70.74 $58.63▼ −17.12%▼ −17.59%$56.89 (−19.58%)
Aug 19, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$73.15 $66.92▼ −8.52%▼ −9.63%$56.89 (−22.23%)
Jul 22, 2026
13w ago
8-K
NEUTRAL ★ 2/10
$52.93 $46.94▼ −11.32%▼ −11.79%$56.89 (+7.48%)
Jul 8, 2026
15w ago
8-K
MIXED ★ 6/10
$60.12 $57.57▼ −4.24%▼ −5.10%$56.89 (−5.37%)
Jul 2, 2026
16w ago
8-K
BULLISH ★ 6/10
$56.62 $62.55▲ +10.47%▲ +9.54%$56.89 (+0.48%)
Jun 22, 2026
17w ago
8-K
NEUTRAL ★ 2/10
$77.91 $71.46▼ −8.28%▼ −9.29%$56.89 (−26.98%)
Jun 17, 2026
18w ago
Insider Cluster
NEUTRAL ★ 2/10
$92.11 $70.14▼ −23.85%▼ −22.81%$56.89 (−38.24%)
Jun 10, 2026
19w ago
Insider Cluster
BEARISH ★ 6/10
$88.34 $92.11▼ −4.27%▼ −3.83%$56.89 (+35.60%)
Jun 9, 2026
19w ago
8-K
NEUTRAL ★ 3/10
$85.29 $93.04▲ +9.09%▲ +5.65%$56.89 (−33.30%)
Showing 10 of 25

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Report published Jul 2, 2026