NuAxiSemiconductor trade intelligence
AXT lowers Q3 revenue guidance from $39-41m to $34-35m
What happened
AXT Inc lowered its Q3 2022 revenue guidance from $39-41 million to $34-35 million, citing weakening macroeconomic conditions and a deteriorating demand environment in China. This represents a significant downward revision from prior expectations. Bearish: This signals weakening end-demand for compound semiconductor substrates, potentially leading to inventory pressure and softer pricing in the supply chain.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
GaAs SubstratesInP SubstratesGe Substrates
AXT Inc
demand-weaknessguidance-cutchina-demand
Source and time
Source: Semiconductor Today · 10/4/2022 · View original source
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