### @AXTI — Confirmed — from the Q1 FY2026 earnings call and quarterly filing
Look, March quarter was the profitability inflection — $26.9M revenue, up 39%, non-GAAP margin 29.9% from negative. InP $13.6M, tad north of half, datacenter-driven, backlog over $100M. Next quarter guided largest InP ever, past pandemic record. June profitability both bases, built on ~$34M permitted or permit-free. So. Okay?
- tier: Confirmed (✓)
- source: AXTI / The quarter InP crossed half the business
- receipt: https://ticker.thevixguy.com/p/p-day-20260726-axti-src-axti-inp-inflection-quarter-rotation
- posted: 2026-07-26T11:26:24.228Z