[US Stock Market Movement] AXT surged significantly on October 1: Lumentum secured production capacity + InP wafers + optical communication

AXT October 1st Surge Interpretation

Keywords: Lumentum capacity lock-in, InP wafers, optical communications

1. On July 26, 2026, AXT and Lumentum signed an InP wafer supply and capacity reservation agreement, valid for six years; Lumentum is required to pay an initial deposit of $43.5 million and commit to a minimum annual purchase volume. The deposit can be deducted from product shipments.

2. For the second quarter ending June 30, 2026, AXT's substrate revenue increased by 232.7% year-over-year, mainly driven by increased demand for InP wafer substrates in data center applications. The company primarily engages in high-performance compound and single-element semiconductor substrates such as InP, GaAs, and Ge.

3. On September 30, 2026, the optical communications sector led the gains, with AXT rising 6.12% on the previous trading day, directly related to the company's InP wafer business and the Lumentum capacity agreement.

(Disclaimer: This content is summarized from publicly available information using AI technology and is for reference only; it does not constitute investment advice.)