Axt, inc. announces preliminary first quarter 2024 revenue results and schedules earnings release for may 2, 2024

Fremont, calif., april 08, 2024 (globe newswire) -- axt, inc. (nasdaqgs: axti), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended march 31, 2024, exceeding the company's prior guidance for the first quarter of 2024 of $20 million to $22 million. this reflects growth in demand for both indium phosphide and gallium arsenide substrates for a variety of applications, including artificial intelligence/data center connectivity, infrastructure, wireless devices, industrial lasers, and others.
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