SemiLEDs Reports Second Quarter Fiscal Year 2026 Financial Results

Key Terms

gaap financial

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

gross margin financial

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

operating margin financial

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

cash and cash equivalents financial

Cash and cash equivalents are the money a company has on hand plus very short-term, low-risk investments that can be quickly turned into cash, like bank deposits or government bills. Investors watch this figure because it shows a company’s immediate ability to pay bills, cover unexpected costs, and fund operations or growth — like a household’s checking account and emergency fund that keeps daily life running smoothly.

diluted share financial

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

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HSINCHU, Taiwan--(BUSINESS WIRE)-- SemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, today announced its financial results for the second quarter of fiscal year 2026, ended February 28, 2026.

Revenue for the second quarter of fiscal 2026 was $1.1 million, compared to $2.6 million in the first quarter of fiscal 2026. GAAP net loss attributable to SemiLEDs stockholders for the second quarter of fiscal 2026 was $603 thousand, or $(0.07) per diluted share, compared to a net loss of $742 thousand, or $(0.09) per diluted share, in the first quarter of fiscal 2026.

GAAP gross margin for the second quarter of fiscal 2026 was 1%, compared to 1% for the first quarter of fiscal 2026. Operating margin for the second quarter of fiscal 2026 was negative 79%, compared with negative 39% for the first quarter of fiscal 2026. The Company’s cash and cash equivalents were $4.0 million at February 28, 2026, compared to $2.9 million at the end of the first quarter of fiscal 2026.

Our revenue was lower in the second quarter of fiscal 2026 compared to the first quarter of fiscal 2026, due to the absence of any buy-sell purchase orders of equipment. We anticipate buy-sell purchase orders in the second half of fiscal 2026.

About SemiLEDs

SemiLEDs develops and manufactures LED chips and LED components for general lighting applications, including street lights and commercial, industrial, system and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting and entertainment lighting. SemiLEDs sells blue, white, green and UV LED chips.

Forward Looking Statements

This press release contains statements that may constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including any statements regarding the expectation of buy-sell orders in the second half of fiscal 2026; any statements about historical results that may suggest trends for SemiLEDs’ business; any statements of the plans, strategies and objectives of management for future operations; any statements of expectation or belief regarding recovery of the LED industry, market opportunities and other future events or technology developments; any statements regarding SemiLEDs’ position to capitalize on any market opportunities; and any statements of assumptions underlying any of the foregoing. These forward-looking statements are based on current expectations, estimates, forecasts and projections of future SemiLEDs’ or industry performance based on management’s judgment, beliefs, current trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. SemiLEDs’ Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) and other SemiLEDs filings with the SEC (which you may obtain for free at the SEC’s website at http://www.sec.gov) discuss some of the important risks and other factors that may affect SemiLEDs’ business, results of operations and financial condition. SemiLEDs undertakes no intent or obligation to publicly update or revise any of these forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SEMILEDS CORPORATION AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(In thousands of U.S. dollars)

		February 28,				November 30,
		2026				2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	3,978			$	2,889
Accounts receivable (including related parties), net			1,649				1,867
Inventories			4,885				3,923
Prepaid expenses and other current assets			1,937				1,567
Total current assets			12,449				10,246
Property, plant and equipment, net			2,353				2,497
Operating lease right of use assets			1,047				1,076
Intangible assets, net			110				109
Investments in unconsolidated entities			49				55
Other assets			252				248
TOTAL ASSETS		$	16,260			$	14,231
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt		$	1,265			$	1,262
Accounts payable			2,157				1,586
Accrued expenses and other current liabilities			8,924				6,778
Other payable to related parties			1,170				1,152
Operating lease liabilities, current			127				139
Total current liabilities			13,643				10,917
Long-term debt, excluding current installments			193				308
Operating lease liabilities, less current portion			920				937
Total liabilities			14,756				12,162
SHAREHOLDERS‘ EQUITY:
Common stock			—				—
Additional paid-in capital			189,020				188,978
Accumulated other comprehensive income			3,640				3,644
Accumulated deficit			(191,156	)			(190,553	)
Total shareholders' equity			1,504				2,069
TOTAL LIABILITIES AND EQUITY		$	16,260			$	14,231

SEMILEDS CORPORATION AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(In thousands of U.S. dollars and shares, except per share data)

		Three Months Ended
		February 28,				November 30,
		2026				2025
Revenues, net		$	1,064			$	2,569
Cost of revenues			1,058				2,551
Gross profit			6				18
Operating expenses:
Research and development			276				356
Selling, general and administrative			575				703
Gain on disposals of long-lived assets			—				(30	)
Total operating expenses			851				1,029
Loss from operations			(845	)			(1,011	)
Other income (expenses):
Investment loss			(6	)			(9	)
Interest expenses, net			(22	)			(12	)
Other income, net			275				269
Foreign currency transaction (loss) gain, net			(5	)			21
Total other income, net			242				269
Loss before income taxes			(603	)			(742	)
Income tax expense			—				—
Net loss			(603	)			(742	)
Net loss attributable to SemiLEDs stockholders		$	(603	)		$	(742	)
Net loss per share attributable to SemiLEDs stockholders:
Basic and diluted		$	(0.07	)		$	(0.09	)
Shares used in computing net loss per share attributable to SemiLEDs stockholders:
Basic and diluted			8,225				8,226

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414499350/en/

Christopher Lee
Chief Financial Officer
SemiLEDs Corporation
+886-37-586788
investor@semileds.com

Source: SemiLEDs Corporation