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AXT Q1 revenue grows 26% year-on-year, driven by 45% growth in InP

What happened

AXT Inc reported Q1 2022 revenue of $39.7m, a 26% YoY increase driven by 45% growth in its InP substrate business. The company cited market share gains and expansion into new applications and tier-1 customers. Bullish: Strong, sustained revenue growth signals robust underlying demand for compound semiconductor substrates, particularly InP, which could tighten supply for traders.

Impact and signal

Medium impactImpact score: 60/100

Affected components and suppliers

InP SubstratesGaAs SubstratesGermanium Substrates

AXT Inc

earnings-beatdemand-surgemarket-share-gain

Source and time

Source: Semiconductor Today · 5/9/2022 · View original source

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AXT Q1 revenue grows 26% year-on-year, driven by 45% growth in InP

What happened

Impact and signal

Affected components and suppliers

Source and time

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