LEDS

MKT CAP:$13M

SemiLEDs Corporation

Market Cap

$13M

Technology·Semiconductors·🇹🇼 Taiwan·NASDAQ

Technology·Semiconductors·🇹🇼·NASDAQ

Stock Price

$1.38-$0.24 (-14.81%)

Apr 23, 2026

Company Details

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, Ireland, and internationally. The company al...

CEO

Trung Tri Doan

IPO Date

Dec 9, 2010

Website

www.semileds.com

Key Metrics TTM

Revenue

$35M

+133.5% YoY

Net Income

-$2M

EPS (Diluted)

-$0.28

Free Cash Flow

$2M

Revenue / Share

$4.20

Gross Margin

3.5%

Operating Margin

-8.5%

Net Margin

-6.7%

FCF Margin

6.2%

P/S

0.4x

P/E

—

Earnings Reports

Q2 2026

Apr 14, 2026

NEW

$1M-90.2%EPS -$0.07

Q1 2026

Jan 14, 2026

$3M+103.7%EPS -$0.09

FY 2025

Nov 28, 2025

$43M+729.8%EPS -$0.15

Q4 2025

Nov 28, 2025

$13M+898.9%EPS -$0.15

Q3 2025

Jul 14, 2025

$18M+1234.2%EPS $0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$2M	$336.0K	-$774.0K
Q4 22	$2M	$335.0K	-$1M
Q1 23	$2M	$463.0K	-$654.0K
Q2 23	$1M	$262.0K	-$702.0K
Q3 23	$2M	$241.0K	-$981.0K
Q4 23	$1M	$41.0K	-$1M
Q1 24	$2M	$245.0K	-$819.0K
Q2 24	$886.0K	$112.0K	-$832.0K
Q3 24	$1M	$543.0K	-$473.0K
Q4 24	$1M	$153.0K	-$825.0K
Q1 25	$1M	$260.0K	-$657.0K
Q2 25	$11M	$1M	$110.0K
Q3 25	$18M	$939.0K	-$62.0K
Q4 25	$13M	$229.0K	-$986.0K
Q1 26	$3M	$18.0K	-$1M
Q2 26	$1M	$6.0K	-$845.0K

Valuation

Quarter	P/S	P/E
Q3 22	1.9x	—
Q4 22	1.8x	—
Q1 23	1.7x	—
Q2 23	1.8x	—
Q3 23	2.0x	—
Q4 23	1.4x	—
Q1 24	0.9x	—
Q2 24	1.5x	—
Q3 24	1.8x	—
Q4 24	1.8x	—
Q1 25	2.0x	—
Q2 25	0.8x	—
Q3 25	0.7x	—
Q4 25	0.3x	—
Q1 26	0.3x	—
Q2 26	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$832.0K	-$852.0K
Q4 22	$355.0K	$144.0K
Q1 23	$396.0K	$333.0K
Q2 23	-$481.0K	-$501.0K
Q3 23	-$560.0K	-$689.0K
Q4 23	-$339.0K	-$327.0K
Q1 24	-$79.0K	-$129.0K
Q2 24	-$600.0K	-$619.0K
Q3 24	$109.0K	$98.0K
Q4 24	$205.0K	$162.0K
Q1 25	-$158.0K	-$276.0K
Q2 25	$1M	$1M
Q3 25	$693.0K	$383.0K
Q4 25	$272.0K	$248.0K
Q1 26	$361.0K	$331.0K
Q2 26	$1M	$1M

Capital Expenditures

Quarter	CapEx
Q3 22	$20.0K
Q4 22	$211.0K
Q1 23	$63.0K
Q2 23	$20.0K
Q3 23	$129.0K
Q4 23	$12.0K
Q1 24	$50.0K
Q2 24	$19.0K
Q3 24	$11.0K
Q4 24	$43.0K
Q1 25	$118.0K
Q2 25	$120.0K
Q3 25	$310.0K
Q4 25	$24.0K
Q1 26	$30.0K
Q2 26	$14.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+24.0%	+25.9%
Q4 22	+18.6%	-16.3%
Q1 23	+15.7%	-3.8%
Q2 23	-47.1%	-27.4%
Q3 23	-5.9%	+4.0%
Q4 23	-10.6%	-6.5%
Q1 24	-2.7%	+5.1%
Q2 24	-23.1%	-7.3%
Q3 24	-21.2%	-32.5%
Q4 24	-8.9%	-14.7%
Q1 25	-23.6%	-22.3%
Q2 25	+1127.1%	+526.4%
Q3 25	+1234.2%	+886.2%
Q4 25	+898.9%	+561.3%
Q1 26	+103.7%	+88.2%
Q2 26	-90.2%	-82.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$132.0K	7.4%
Q4 22	$130.0K	8.0%
Q1 23	$125.0K	7.4%
Q2 23	$115.0K	10.0%
Q3 23	$141.0K	8.4%
Q4 23	$137.0K	9.4%
Q1 24	$113.0K	6.8%
Q2 24	$107.0K	12.1%
Q3 24	$31.0K	2.3%
Q4 24	$31.0K	2.3%
Q1 25	$25.0K	2.0%
Q2 25	$35.0K	0.3%
Q3 25	$22.0K	0.1%
Q4 25	$10.0K	0.1%
Q1 26	$0	0.0%
Q2 26	$81.0K	7.6%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q3 22	$357.0K	—	$810.0K
Q4 22	$428.0K	—	$976.0K
Q1 23	$365.0K	—	$752.0K
Q2 23	$295.0K	—	$669.0K
Q3 23	$372.0K	—	$850.0K
Q4 23	$321.0K	—	$787.0K
Q1 24	$372.0K	—	$742.0K
Q2 24	$251.0K	—	$693.0K
Q3 24	$320.0K	—	$696.0K
Q4 24	$217.0K	—	$760.0K
Q1 25	$221.0K	—	$696.0K
Q2 25	$279.0K	—	$614.0K
Q3 25	$292.0K	—	$709.0K
Q4 25	$362.0K	—	$853.0K
Q1 26	$356.0K	—	$703.0K
Q2 26	$276.0K	$575.0K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$3M	$0	$3M
Q4 22	$4M	$0	$4M
Q1 23	$5M	$0	$5M
Q2 23	$4M	$0	$4M
Q3 23	$3M	$0	$3M
Q4 23	$3M	$0	$3M
Q1 24	$2M	$0	$2M
Q2 24	$2M	$0	$2M
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$1M	$0	$1M
Q2 25	$2M	$0	$2M
Q3 25	$2M	$0	$2M
Q4 25	$3M	$0	$3M
Q1 26	$3M	$0	$3M
Q2 26	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	5M	+0.6%	+11.3%
Q4 22	5M	+0.4%	+2.7%
Q1 23	5M	+6.7%	+8.4%
Q2 23	5M	+0.6%	+8.4%
Q3 23	5M	+0.6%	+8.4%
Q4 23	5M	+0.1%	+8.2%
Q1 24	5M	-0.4%	+1.0%
Q2 24	5M	+0.4%	+0.8%
Q3 24	7M	+46.5%	+46.7%
Q4 24	7M	+0.3%	+46.9%
Q1 25	7M	+0.1%	+47.6%
Q2 25	7M	+0.1%	+47.2%
Q3 25	7M	+0.1%	+0.7%
Q4 25	8M	+13.7%	+14.2%
Q1 26	8M	+0.0%	+14.1%
Q2 26	8M	-0.0%	+13.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$13.8K	129
Q4 22	$12.9K	126
Q1 23	$13.5K	126
Q2 23	$9.1K	126
Q3 23	$13.3K	126
Q4 23	$9.6K	152
Q1 24	$10.9K	152
Q2 24	$5.8K	152
Q3 24	$8.7K	152
Q4 24	$11.4K	116
Q1 25	$10.9K	116
Q2 25	$93.7K	116
Q3 25	$152.2K	116
Q4 25	$112.1K	118
Q1 26	$21.8K	118
Q2 26	$9.0K	118

Revenue / Employee