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AXT, Inc. Schedules Third Quarter 2006 Earnings Release for October 30, 2006

FREMONT, Calif., Sept. 26 /PRNewswire-FirstCall/ -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2006 in a press release immediately following the close of market on October 30, 2006. The company will also host a conference call to discuss these results on October 30, 2006 at 1:30 p.m. PST. The conference call can be accessed at (973) 935-2100 (PIN 7912345). The call will also be simulcast on the Internet at Replays will be available at (973) 341-3080 until November 6, 2006. Financial and statistical information to be discussed in the call will be available on the company's website immediately prior to commencement of the call. Additional investor information can be accessed at or by calling the company's Investor Relations Department at (510) 683-5900.

About AXT, Inc.

AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge). The company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at The company can also be reached at 4281 Technology Drive, Fremont, California 94538 or by calling (510) 683-5900. AXT is traded on the NASDAQ Global Market under the symbol AXTI.

CONTACT: Wilson W. Cheung, Chief Financial Officer of AXT, Inc.,
+1-510-683-5900; or Leslie Green of Green Communications Consulting, LLC,
+1-650-312-9060, for AXT, Inc./
Web site:

CO: AXT, Inc.
ST: California

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