AXT Inc (AXTI) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.039 Good afternoon, everyone, and welcome to AXT's fourth quarter 2025 financial conference 00:00:05.039 -- 00:00:10.086 call. Leading the call today is Dr. Morris Young, Chief Executive Officer, and 00:00:10.086 -- 00:00:15.495 Gary Fisher, Chief Financial Officer. In addition, Tim Bettles, VP of Business 00:00:15.495 -- 00:00:19.681 Development, will be participating in the Q&A portions of the call. 00:00:19.681 -- 00:00:21.764 My name is Audra, and I will be your coordinator today. 00:00:21.764 -- 00:00:26.852 I would now like to turn the call over to Leslie Green, Investor Relations for AXT. 00:00:26.852 -- 00:00:28.145 Please go ahead. 00:00:28.145 -- 00:00:30.448 Thank you, Audra, and good afternoon, everyone. 00:00:30.448 -- 00:00:34.134 Before we begin, I would like to remind you that during the course of this conference 00:00:34.134 -- 00:00:39.062 call, including comments made in response to your questions, we will provide projections 00:00:39.062 -- 00:00:43.588 or make other forward-looking statements regarding, among other things, the future financial 00:00:43.588 -- 00:00:48.616 performance of the company, market conditions and trends, emerging applications using 00:00:48.616 -- 00:00:53.984 chips or devices fabricated on our substrates, our product mix, global economic 00:00:53.984 -- 00:00:59.789 and political conditions, including trade tariffs and import and export restrictions, 00:00:59.789 -- 00:01:05.536 ability to obtain China export permits, timing of receipt of export permits, 00:01:05.536 -- 00:01:10.703 our plan to list our subsidiary Tongmei in China, our ability to increase orders 00:01:10.703 -- 00:01:15.890 in succeeding quarters, to control costs and expenses, to improve manufacturing yields 00:01:15.890 ...