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AXT’s Q2 revenue up 17% year-on-year
What happened
AXT Inc reported Q2 2022 revenue of $39.5 million, up 17% year-on-year but down slightly from the previous quarter. The company noted that COVID-related disruptions in China during the final weeks of the quarter thwarted approximately $1.5 million in deliveries. Neutral: The mixed report shows solid annual growth but confirms ongoing production volatility in China, offering no clear directional signal for substrate pricing.
Impact and signal
Medium impactImpact score: 55/100
Affected components and suppliers
GaAs SubstratesInP SubstratesGe Substrates
AXT Inc
earningsrevenue-growthchina-production
Source and time
Source: Semiconductor Today · 8/15/2022 · View original source
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