With $AXTI, even if demand was cut 50%, they'd still likely be sold out.
Since customers are asking for 3x+ their contr | Hanami
With $AXTI, even if demand was cut 50%, they'd still likely be sold out.
Since customers are asking for 3x+ their contracted volumes. I'd argue InP substrates are just as severe as lasers.
In just 90 days, $AXTI literally went from:
Q2 backlog: $100m
Q3 backlog: $500m+
With an extra $300-$400m+ from ordinary business, not multi-year agreements from $LITE / $COHR.
I'm sure there's some double ordering but the materials are just so cheap relative to overall BOM, that it's spare change.
Reply to @360_zaki: @aleabitoreddit How about $AXTI ?