This Chip Stock Soared Almost 6,000% in a Year. Why It's Sinking. -- Barrons.com

Dow Jones04-21 19:39

By Adam Clark

AXT Inc. has been a superstar stock over the past year. But the semiconductor wafer substrate manufacturer was tumbling Tuesday on a stock offering and revenue guidance which appeared to disappoint the market.

AXT shares were down 6.4% at $73.70 in premarket trading. That puts a dent in its 5,867% gain in the past 12 months, as investors bet on explosive demand for its indium phosphide substrates, used for optical -- networking products within data centers.

Shares were falling after the company announced late Monday that it plans a stock offering. The company said there can be no assurance as to the size and terms of the offering.

AXT also said it is expecting a first-quarter net loss of between $1.6 million and $2.6 million. Quarterly revenue is expected between $26 million and $28 million, up from $19.4 million a year prior.

As of Monday's close, AXT had a market capitalization of $4.38 billion and traded at a forward price-to-earnings ratio of around 535 times, according to FactSet.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 21, 2026 07:39 ET (11:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629035437?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-21 19:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629035437","market":"us","top_or_hot":-1,"title":"This Chip Stock Soared Almost 6,000% in a Year. Why It's Sinking. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Adam Clark \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/AXTI\">AXT Inc</a>. has been a superstar stock over the past year. But the semiconductor wafer substrate manufacturer was tumbling Tuesday on a stock offering and revenue guidance which appeared to disappoint the market. \n</p>\n<p>\n  AXT shares were down 6.4% at $73.70 in premarket trading. That puts a dent in its 5,867% gain in the past 12 months, as investors bet on explosive demand for its indium phosphide substrates, used for optical -- networking products within data centers. \n</p>\n<p>\n  Shares were falling after the company announced late Monday that it plans a stock offering. The company said there can be no assurance as to the size and terms of the offering. \n</p>\n<p>\n  AXT also said it is expecting a first-quarter net loss of between $1.6 million and $2.6 million. Quarterly revenue is expected between $26 million and $28 million, up from $19.4 million a year prior. \n</p>\n<p>\n  As of Monday's close, AXT had a market capitalization of $4.38 billion and traded at a forward price-to-earnings ratio of around 535 times, according to FactSet. \n</p>\n<p>\n  Write to Adam Clark at adam.clark@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2026 07:39 ET (11:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Chip Stock Soared Almost 6,000% in a Year. Why It's Sinking. -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Chip Stock Soared Almost 6,000% in a Year. Why It's Sinking. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-21 19:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Adam Clark \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/AXTI\">AXT Inc</a>. has been a superstar stock over the past year. But the semiconductor wafer substrate manufacturer was tumbling Tuesday on a stock offering and revenue guidance which appeared to disappoint the market. \n</p>\n<p>\n  AXT shares were down 6.4% at $73.70 in premarket trading. That puts a dent in its 5,867% gain in the past 12 months, as investors bet on explosive demand for its indium phosphide substrates, used for optical -- networking products within data centers. \n</p>\n<p>\n  Shares were falling after the company announced late Monday that it plans a stock offering. The company said there can be no assurance as to the size and terms of the offering. \n</p>\n<p>\n  AXT also said it is expecting a first-quarter net loss of between $1.6 million and $2.6 million. Quarterly revenue is expected between $26 million and $28 million, up from $19.4 million a year prior. \n</p>\n<p>\n  As of Monday's close, AXT had a market capitalization of $4.38 billion and traded at a forward price-to-earnings ratio of around 535 times, according to FactSet. \n</p>\n<p>\n  Write to Adam Clark at adam.clark@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2026 07:39 ET (11:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXTI","symbol_name":"AXT Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629035437","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629035437","pubTimestamp":1776771540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"AXT Inc. has been a superstar stock over the past year. But the semiconductor wafer substrate manufacturer was tumbling Tuesday on a stock offering and revenue guidance which appeared to disappoint the market.AXT shares were down 6.4% at $73.70 in premarket trading. That puts a dent in its 5,867% gain in the past 12 months, as investors bet on explosive demand for its indium phosphide substrates, used for optical -- networking products within data centers.Shares were falling after the company announced late Monday that it plans a stock offering. The company said there can be no assurance as to the size and terms of the offering.AXT also said it is expecting a first-quarter net loss of between $1.6 million and $2.6 million. Quarterly revenue is expected between $26 million and $28 million, up from $19.4 million a year prior.As of Monday's close, AXT had a market capitalization of $4.38 billion and traded at a forward price-to-earnings ratio of around 535 times, according to FactSet.This","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AXTI":"AXT Inc","BK4147":"半导体设备"},"translate_title":"这只芯片股在一年内飙升了近6000%。为什么它会下沉。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXTI":0.9},"content_text":"By Adam Clark \n\n\nAXT Inc. has been a superstar stock over the past year. But the semiconductor wafer substrate manufacturer was tumbling Tuesday on a stock offering and revenue guidance which appeared to disappoint the market. \n\n\n  AXT shares were down 6.4% at $73.70 in premarket trading. That puts a dent in its 5,867% gain in the past 12 months, as investors bet on explosive demand for its indium phosphide substrates, used for optical -- networking products within data centers. \n\n\n  Shares were falling after the company announced late Monday that it plans a stock offering. The company said there can be no assurance as to the size and terms of the offering. \n\n\n  AXT also said it is expecting a first-quarter net loss of between $1.6 million and $2.6 million. Quarterly revenue is expected between $26 million and $28 million, up from $19.4 million a year prior. \n\n\n  As of Monday's close, AXT had a market capitalization of $4.38 billion and traded at a forward price-to-earnings ratio of around 535 times, according to FactSet. \n\n\n  Write to Adam Clark at adam.clark@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 21, 2026 07:39 ET (11:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629035437","isCrawlerRequest":true}