10-Q · April 14, 2026
SemiLEDs reported a sharply lower quarter with revenues of $1,064 (thousands) and a net loss of $603 (thousands), or $(0.07) per share, compared with revenue of $10,872 (thousands) and net income of $388 (thousands) in…
Earnings analysis · 10-Q
LEDS earnings analysis
Filed July 14, 2026 · Our reading of the company's report
The latest report
SemiLEDs Corporation reported a challenging second quarter of 2026 with revenue declining by 49% year-over-year to $9.1 million, primarily attributed to reduced buy-sell purchase orders. Despite the revenue drop, the…
Read full summary
SemiLEDs Corporation reported a challenging second quarter of 2026 with revenue declining by 49% year-over-year to $9.1 million, primarily attributed to reduced buy-sell purchase orders. Despite the revenue drop, the company achieved improved gross margins of 27%, up from 5%, paving the way for a net profit of $1.5 million or $0.18 per share, representing a notable turnaround from previous losses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.18
- Gross margin
- 27%
- Segment
- LED components
- Segment
- buy-sell purchase orders
What stood out
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Profitability Return
SemiLEDs reported a net income of $1.5 million for Q2 2026, a significant improvement from a loss of $603,000 in Q1 2026.
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Increased Gross Margin
Gross margin improved to 27% in Q2 2026, up from 5% in Q1 2026, reflecting better operational efficiency.
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Cash Position Improvement
Cash and cash equivalents increased to $6.0 million as of May 31, 2026 from $2.4 million in May 2025.
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Higher LED Component Sales
Revenues from LED components reached $998,000 in Q2 2026, increasing from $360,000 in Q2 2025.
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Decreased Operating Expenses
Operating expenses slightly decreased to $1.05 million in Q2 2026 from $1.00 million in the prior year's quarter.
What to watch
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Revenue Volatility
Reported revenue declined by 49% YoY to $9.1 million, primarily due to decreased buy-sell purchase orders.
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Nasdaq Compliance Risks
The company remains at risk of being delisted from Nasdaq due to past noncompliance with shareholder equity requirements.
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Supply Chain Dependence
Reliance on chip suppliers exposes the company to significant risks regarding delivery schedules and product quality.
Management's outlook
Management anticipates fluctuating buy-sell purchase orders may continue into Q4 2026, impacting revenue recognition.
Earlier filings 4
10-Q · January 14, 2026
SemiLEDs reported revenue of $2,569,000 for the three months ended November 30, 2025, up from $1,261,000 a year earlier (+$1,308,000, +103.8%), but gross profit collapsed to $18,000 (0.7% gross margin) versus $260,000…
10-K · November 28, 2025
SemiLEDs positions itself as a developer of vertical copper‑alloy LED chips and integrated modules with a focus on UV LED, Mini‑LED and wafer‑level packaging. The 10‑K discloses concentrated customer and geographic…
10-Q · April 11, 2025
SemiLEDs reported a strong quarter-on-year operational rebound: revenue for the three months ended February 28, 2025 was $10,872 (in thousands) versus $886 (in thousands) a year earlier, producing gross profit of $1,003…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.