|
|
|
|
|||||
|
|
|
AXT, Inc. (NASDAQ:AXTI) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On July 9, AXT, Inc. (NASDAQ:AXTI) announced a preliminary revenue range for the second quarter of 2025, which ended on June 30, 2025. The company’s full financial results for the are scheduled to be released on July 31.
For the second quarter of 2025, AXT, Inc. (NASDAQ:AXTI) expects its revenue to be between $17.5 million and $18 million. This is lower than the previous guidance of $20 million to $22 million, which was provided by the company on May 1. The lower revenue guidance range is mainly because AXT, Inc. (NASDAQ:AXTI) faced delays in getting export control permits for its gallium arsenide products in the second quarter. Additionally, demand in China was weaker than expected.
The company is still positive about its role in a number of new technology trends but finds the current geopolitical climate challenging for its business.
However, during the second quarter, AXT, Inc. (NASDAQ:AXTI) saw a meaningful increase in AI-related demand for indium phosphide in China. The company’s subsidiary, Beijing Tongmei Xtal Technology Co., also secured its first export control permits for indium phosphide late in the quarter. Despite the lower revenue guidance, AXT, Inc. (NASDAQ:AXTI) expects to deliver gross margins in the high single digits for the second quarter of 2025.
AXT, Inc. (NASDAQ:AXTI) is a material science company that develops and manufactures semiconductor substrate wafers. The company’s wafers are made up of indium phosphide (InP), gallium arsenide (GaAs), and germanium (Ge).
While we acknowledge the potential of AXTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
| Jul-24 | |
| Jul-22 | |
| Jul-21 | |
| Jul-17 | |
| Jul-09 | |
| May-02 | |
| May-02 | |
| May-01 | |
| May-01 | |
| May-01 | |
| May-01 | |
| Apr-03 | |
| Mar-06 | |
| Feb-21 | |
| Feb-20 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite