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AXT Inc. sees Q2 EPS 6c-8c, consensus (1c)
AXT Inc. projects Q2 EPS of 6c-8c, significantly above the consensus estimate of (1c). The company anticipates sequential revenue growth, operating expenses of $9.3M, and its largest-ever quarter for indium phosphide due to a record backlog exceeding $100M. This strong outlook is driven by increased indium phosphide wafer demand linked to AI and data center upgrades.