AXT Inc's stock surged 12.08% in pre-market trading on Wednesday, extending gains from the previous session's after-hours movement.

The pre-market rally follows the company's announcement that it will release its first quarter 2026 financial results on April 30, 2026, immediately after market close. This scheduling has generated positive investor anticipation for the upcoming earnings report.

Additionally, the stock's performance is supported by ongoing optimism regarding the company's strategic position in the AI infrastructure space. AXT is a leading supplier of indium phosphide substrates, which are critical components for high-speed data center connectivity and AI applications, with expectations of revenue growth as manufacturing capacity improves and export-related challenges ease.