AXT Reports $500M InP Backlog as AI Demand Exceeds Supply
AXT reported third-quarter revenue of $73.4 million, up 162% year over year, and adjusted non-GAAP earnings of $0.41 per share. TechNews reported that CEO Morris Young said the company’s indium phosphide backlog exceeded $500 million, spanning long-term supply agreements, contracts of less than 12 months and spot orders. Management said demand continued to exceed supply despite expanded capacity. AXT also received a $43.5 million wafer prepayment under a long-term supply agreement with Lumentum.
The more than $500 million backlog, customer allocations and AXT’s reported overbooking indicate strong demand and tight availability of indium phosphide substrates used in optical and commercial laser components. The supply constraint and overbooking claims come from AXT management and were not independently verified in the report.
全球最大磷化銦（InP）基板供應商 AXT 公布的第三季（7-9 月）淨利擊敗分析師預期，主要受惠於 AI 資料中心對磷化銦基板的強勁需求，令市場需求遠大於現有供給。為了應對龐大的訂單，AXT 正在積極擴充產能，預計未來幾年將持續推動產能翻倍。
綜合MarketBeat、Seeking Alpha報導，AXT於10月29日美股盤後公布第三季（7-9月）財報：營收由去年同期的2,800萬美元激增162% （季增54%）至7,340萬美元；經調整的非一般公認會計原則（Non-GAAP）每股盈餘來到0.41美元，遠優於去年同期的0.19美元與先前預估的0.30~0.32美元；Non-GAAP毛利率從前季的45%、去年同期的22.4%攀升至56.1%。分析師原本預測的Q3Non-GAAP每股盈餘僅有0.31美元。