
AXT (AXTI) Stock Forecast & Price Target
AXT (AXTI) Analyst Ratings
Bulls say
AXT Inc has demonstrated a significant improvement in its operational metrics, with the operating margin rising from (34.0%) to (1.4%) in the second quarter, primarily driven by increased volume and an improved gross margin that jumped to 22.4% from 8.2%. The company's revenue from GaAs experienced a notable increase of 21% quarter-over-quarter, totaling $7.5 million, attributed to a spike in demand for wireless RF devices, while InP revenue surged from $3.6 million to $13.1 million due to a more favorable export license environment. Overall, AXT is positioned for continued growth, bolstered by increasing requirements for III-V materials, which support advancements in optical technologies essential for enhancing networking bandwidth.
Bears say
AXT Inc. experienced significant declines in financial performance, with total revenues in Q2 falling to $18.0 million, representing a 7.4% decrease quarter-over-quarter and a substantial 35.6% decrease year-over-year. The company's raw material sales also dropped sharply, decreasing 20% sequentially and 19% year-over-year, which reflects ongoing challenges in demand and pricing. Additionally, AXT's ongoing issues with export licenses introduce further uncertainty, impacting both current operations and future sales forecasts, compounded by macroeconomic pressures that may dampen consumer spending.
This aggregate rating is based on analysts' research of AXT and is not a guaranteed prediction by Public.com or investment advice.
AXT (AXTI) Analyst Forecast & Price Prediction
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