AXT Inc. presented at the Craig-Hallum 23rd Annual Institutional Investor Conference to highlight its role in the artificial intelligence data center market.
The presentation follows the company's first-quarter 2026 financial results.
AXT generated $26.9 million in revenue during the quarter. This figure represents a 39% year-over-year increase. The company also significantly reduced its net loss.
AXT capitalizes on surging demand for its indium phosphide (InP) substrates. These components enable high-speed connectivity in AI infrastructure.
The company's InP backlog surpassed $100 million in the first quarter. This backlog signals robust future demand.
AXT recently raised capital to expand its production capacity.