<a href="https://laohu8.com/S/AXTI">AXT Inc</a>. <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Revenue Falls to $18M, GAAP Net Loss Narrows to $7M, EPS at $0.16
AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, announced financial results for the second quarter ended June 30, 2025. The company reported revenue of $18.0 million, a decrease from $19.4 million in the first quarter of 2025 and $27.9 million in the same quarter of 2024. The GAAP gross margin stood at 8.0% of revenue, improving from (6.4)% in the first quarter of 2025 but down from 27.4% in the second quarter of 2024. The non-GAAP gross margin, excluding stock-based compensation charges, was 8.2%, compared to (6.1)% in the previous quarter and 27.6% in the second quarter of the previous year. AXT, Inc. reported a GAAP net loss of $7.0 million for the second quarter of 2025, compared to a net loss of $8.8 million in the first quarter of 2025 and $1.5 million in the second quarter of 2024. The non-GAAP net loss was $6.4 million, a decrease from $8.2 million in the first quarter of 2025 and $0.8 million in the same quarter of the prior year.
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