02:49 PM EDT, 07/31/2026 (MT Newswires) -- (Updates with the company's recent stock move in the headline and in the first paragraph.)

AXT (AXTI) shares were up nearly 30% in Friday trading after the company reported a swing to income and higher revenue in Q2 late Thursday.

The maker of semiconductor wafers posted a quarterly adjusted net income of $0.19 per diluted share, swinging from a loss of $0.15 a year ago.

Analysts polled by FactSet expected $0.07.

Revenue for the quarter ended June 30 rose to $47.6 million from $18.0 million a year earlier.

Analysts expected $34.1 million.

Price: 60.92, Change: +13.98, Percent Change: +29.77