LEDS SemiLEDs Corporation

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SemiLEDs Reports Third Quarter Fiscal Year 2026 Financial Results

Tuesday, July 14, 2026 · 5:00 AM ET Business Wire

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 third quarter of fiscal year 2026, ended May 31, 2026.

Revenue for the third quarter of fiscal 2026 was $9.1 million, compared to $1.1 million in the second quarter of fiscal 2026. GAAP net income attributable to SemiLEDs stockholders for the third quarter of fiscal 2026 was $1.5 million, or $0.18 per diluted share, compared to a net loss of $603 thousand, or $(0.07) per diluted share, in the second quarter of fiscal 2026.

GAAP gross margin for the third quarter of fiscal 2026 was 27%, compared to 1% for the second quarter of fiscal 2026. Operating margin for the third quarter of fiscal 2026 was 16%, compared with negative 79% for the second quarter of fiscal 2026. The Company’s cash and cash equivalents were $6.0 million at May 31, 2026, compared to $4.0 million at the end of the second quarter of fiscal 2026.

Our revenue was higher in the third quarter of fiscal 2026 compared to the second quarter of fiscal 2026, due to the increase of buy-sell purchase orders of equipment. We anticipate more buy-sell purchase orders in the fourth quarter 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)

 

 

May 31,

 

 

February 28,

 

 

 

2026

 

 

2026

 

ASSETS

 

 

 

 

 

 

CURRENT ASSETS:

 

 

 

 

 

 

Cash and cash equivalents

 

$

5,978

 

 

$

3,978

 

Accounts receivable (including related parties), net

 

 

2,193

 

 

 

1,649

 

Inventories, net

 

 

4,739

 

 

 

4,885

 

Prepaid expenses and other current assets

 

 

960

 

 

 

1,937

 

Total current assets

 

 

13,870

 

 

 

12,449

 

Property, plant and equipment, net

 

 

2,263

 

 

 

2,353

 

Operating lease right of use assets

 

 

1,007

 

 

 

1,047

 

Intangible assets, net

 

 

106

 

 

 

110

 

Investments in unconsolidated entities

 

 

47

 

 

 

49

 

Other assets

 

 

250

 

 

 

252

 

TOTAL ASSETS

 

$

17,543

 

 

$

16,260

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

CURRENT LIABILITIES:

 

 

 

 

 

 

Current installments of long-term debt

 

$

1,262

 

 

$

1,265

 

Accounts payable

 

 

4,874

 

 

 

2,157

 

Accrued expenses and other current liabilities

 

 

6,057

 

 

 

8,924

 

Other payable to related parties

 

 

1,187

 

 

 

1,170

 

Operating lease liabilities, current portion

 

 

107

 

 

 

127

 

Total current liabilities

 

 

13,487

 

 

 

13,643

 

Long-term debt, excluding current installments

 

 

77

 

 

 

193

 

Operating lease liabilities, less current portion

 

 

900

 

 

 

920

 

Total liabilities

 

 

14,464

 

 

 

14,756

 

Commitments and contingencies

 

 

 

 

 

 

SHAREHOLDERS‘ EQUITY:

 

 

 

 

 

 

Common stock

 

 

—

 

 

 

—

 

Additional paid-in capital

 

 

189,063

 

 

 

189,020

 

Accumulated other comprehensive income

 

 

3,649

 

 

 

3,640

 

Accumulated deficit

 

 

(189,633

)

 

 

(191,156

)

Total shareholders' equity

 

 

3,079

 

 

 

1,504

 

TOTAL LIABILITIES AND EQUITY

 

$

17,543

 

 

$

16,260

 

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

 

 

 

May 31, 2026

 

 

February 28, 2026

 

Revenues, net

 

$

 

9,074

 

 

$

 

1,064

 

Cost of revenues

 

 

 

6,614

 

 

 

 

1,058

 

Gross profit

 

 

 

2,460

 

 

 

 

6

 

Operating expenses:

 

 

 

 

 

 

 

 

Research and development

 

 

 

363

 

 

 

 

276

 

Selling, general and administrative

 

 

 

681

 

 

 

 

575

 

Gain on disposals of long-lived assets, net

 

 

 

1

 

 

 

 

—

 

Total operating expenses

 

 

 

1,045

 

 

 

 

851

 

Income (loss) from operations

 

 

 

1,415

 

 

 

 

(845

)

Other income (expenses):

 

 

 

 

 

 

 

 

Investment loss from unconsolidated entities

 

 

 

(2

)

 

 

 

(6

)

Interest expenses, net

 

 

 

(10

)

 

 

 

(22

)

Other income, net

 

 

 

270

 

 

 

 

275

 

Foreign currency transaction (loss) gain, net

 

 

 

(150

)

 

 

 

(5

)

Total other income, net

 

 

 

108

 

 

 

 

242

 

Income (loss) before income taxes

 

 

 

1,523

 

 

 

 

(603

)

Income tax expense

 

 

—

 

 

 

—

 

Net income (loss)

 

$

 

1,523

 

 

$

 

(603

)

Net income (loss) per share

 

 

 

 

 

 

 

 

Basic and diluted

 

$

 

0.18

 

 

$

 

(0.07

)

Weighted average number of ordinary shares outstanding

 

 

 

 

 

 

 

 

Basic and diluted

 

 

 

8,264

 

 

 

 

8,225

 

 

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

Source: SemiLEDs Corporation

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