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AXT’s Q2 sees InP revenue bottom out, offset by rebound in GaAs
What happened
AXT reported Q2 2023 revenue of $18.6M, down slightly sequentially but more than halved year-over-year. The company indicated that InP revenue has bottomed out, offset by a rebound in GaAs demand, signaling a potential shift in end-market dynamics. Watch: Mixed signals on substrate demand; InP weakness may persist while GaAs recovery could tighten supply for specific applications.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
GaAs SubstrateInP SubstrateGermanium Substrate
AXT Inc
earningsdemand-shiftrecovery
Source and time
Source: Semiconductor Today · 8/10/2023 · View original source
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