AXT Inc. (NASDAQ:AXTI) surged 1.26% to $58.82 in after-hours trading on Thursday.
The late-trading session jump follows a 19.13% gain in the regular session, with the stock closing at $58.09, according to Benzinga Pro data.
The moves came as AXT reported its fourth quarter and fiscal year 2025 financial results for the period ended December 31, 2025.
Q4 2025: Margins Improve Despite Revenue Dip
Fourth-quarter revenue for AXTI fell to $23.04 million from $28.0 million in the third quarter of 2025, constrained by fewer-than-expected export permits.
Generally accepted accounting principles gross margin improved year over year to 20.9% from 17.6% in the fourth quarter of 2024.
Net loss also narrowed to $0.08 per share versus $0.12 a year ago.
CEO Morris Young said, “We are pleased to report that we have received some permits to date …
