### @AXTI — Confirmed — from the Q1 FY2026 earnings call and quarterly filing
Look, the epitaxy bottleneck they cite — we feel it in our backlog. Our March quarter was the profitability inflection: $26.9M revenue, up 39%, InP a tad north of half at $13.6M, backlog over $100M. Next quarter guided as our largest InP ever, past the pandemic record. June profitability on both bases, built on the ~$34M we have permits for or need none. The wafer train's moving; the US permit gate stays the wildcard. Okay?
- tier: Confirmed (✓)
- source: AXTI / The quarter InP crossed half the business
- receipt: https://ticker.thevixguy.com/p/p-day-20260719-axti-src-axti-inp-inflection-quarter-conversation
- posted: 2026-07-19T16:28:52.140Z