AXT Slides Before Lumentum and Coherent Report Earnings This Week.

5 days ago 10

Eric Bleeker

Tue, August 11, 2026 astatine 12:01 PM CDT 5 min read

Quick Read

AXT has surged 351% YTD but is pausing arsenic traders de-risk up of Lumentum's intimately watched net aft tonight's close.
Coherent, up 76% YTD, plans to treble interior InP wafer output by year-end 2026, a nonstop request awesome for AXT substrates.
Lumentum has beaten EPS 4 consecutive quarters, with past beats averaging a 7% day-of summation and 15% one-week gain.
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Shares of AXT (NASDAQ:AXTI) are drifting little midday Tuesday, changing hands adjacent $74 and astir level connected the session. The comparatively calm time follows a whip saw erstwhile week that saw shares spike and past driblet astir 17% yesterday. Overall, AXT has rebounded from trading down to $36.97 connected July 29th's close.

A idiosyncratic successful a acheronian bluish suit holds a achromatic tablet horizontally, displaying a fiscal trading application. The tablet surface shows greenish and reddish candlestick charts and enactment graphs for 'GRP Inc. GLOBAL'. The inheritance is blurred, showing ample screens with bluish and greenish information points, and a motion partially disposable that reads 'STOCK EXCHANGE'.

Looking further back, shares person surged 351% twelvemonth to date. Traders crossed the optical analyzable look to beryllium de-risking up of Lumentum (NASDAQ:LITE) net aft the close.

Optical Complex Pauses Ahead of Lumentum

AXT's determination truthful acold this week appears to beryllium a sentiment archer alternatively than a absorption to its ain results. AXT supplies indium phosphide (InP) substrates that provender straight into the silicon photonics and high-speed transceiver proviso concatenation that Lumentum and Coherent (NYSE:COHR) merchantability into. When Lumentum reports tonight, its commentary connected 800G modules, optical circuit switches, and co-packaged optics volition acceptable the code for anyone tied to AI datacenter optical connectivity, and that includes AXT's halfway InP business.

The setup into contiguous is loaded. Lumentum guided fiscal Q4 gross to $960 cardinal to $1.01 cardinal with non-GAAP EPS of $2.85 to $3.05 and operating borderline of 35.0% to 36.0%. CEO Michael Hurlston flagged an OCS backlog supra $400 cardinal and an incremental multi-hundred-million-dollar co-packaged optics order.

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Reaction hazard cuts some ways. Lumentum has beaten EPS estimates 4 consecutive quarters, yet past 4th shares inactive closed down 5% connected the time of the people contempt the beat, with an intraday scope of $902 to $1,014. Over the past 5 reports, beats person delivered an mean day-of determination of +7% and a one-week mean summation of +15%. That is the whipsaw AXT holders are staring down midday.

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