AXT (AXTI) Is Up 27.9% After Swing to Q2 Profit and Lumentum Supply Deal - What's Changed
AXT (AXTI) reported a significant swing to profit in Q2 2026 with sales of US$47.59 million and net income of US$11.13 million. This positive change is further bolstered by a long-term indium phosphide supply agreement with Lumentum Operations, LLC, including US$87 million in deposits. …