Movement Alert|AXT Inc Falls 9.13% in Regular Trading, Semiconductor Sector Pullback Triggers Profit-Taking After Prior 40% Post-Earnings Surge

Market Focus08-03 21:35

On August 3, AXT Inc fell 9.13% in regular trading, trading at 54.96 USD/share, with turnover of $84.56 million. The decline came amid a broad semiconductor equipment sector retreat combined with profit-taking pressure following the stock's massive post-earnings rally.

The semiconductor equipment sector was under widespread pressure, with ASML Holding down 2.36%, Lam Research down 4.93%, KLA Corporation down 4.01%, and Teradyne down 4.11%, creating sector-wide drag on individual names. AXT had surged over 40% on July 31 after reporting Q2 revenue of $47.59 million, far exceeding the consensus estimate of $34.09 million, while adjusted EPS of $0.19 trounced the $0.07 expectation by 171%. Adjusted gross margin leapt to 45.0% from 8.2% a year earlier, marking a swing to profitability. Following the sharp rally, short-term profit-taking intensified as the broader sector weakened, pushing shares back from recent highs.

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