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SemiLEDs Corp

SemiLEDs Reports First Quarter Fiscal Year 2026 Financial Results

HSINCHU, Taiwan--(BUSINESS WIRE)--Jan. 14, 2026-- 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 first quarter of fiscal year 2026, ended November 30, 2025.

Revenue for the first quarter of fiscal 2026 was $2.6 million, compared to $13.2 million in the fourth quarter of fiscal 2025. GAAP net loss attributable to SemiLEDs stockholders for the first quarter of fiscal 2026 was $742 thousand, or $(0.09) per diluted share, compared to a net loss of $1.2 million, or $(0.15) per diluted share, in the fourth quarter of fiscal 2025.

GAAP gross margin for the first quarter of fiscal 2026 decreased to 1%, compared to 2% for the fourth quarter of fiscal 2025. Operating margin for the first quarter of fiscal 2026 increased to negative 39%, compared with negative 7% for the fourth quarter of fiscal 2025. The Company’s cash and cash equivalents were $2.9 million at November 30, 2025, compared to $2.6 million at the end of the fourth quarter of fiscal 2025.

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 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)

 

 

November 30,

 

 

August 31,

 

 

 

2025

 

 

2025

 

ASSETS

 

 

 

 

 

 

CURRENT ASSETS:

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,889

 

 

$

2,593

 

Accounts receivable (including related parties), net

 

 

1,867

 

 

 

3,588

 

Inventories, net

 

 

3,923

 

 

 

4,776

 

Prepaid expenses and other current assets

 

 

1,567

 

 

 

345

 

Total current assets

 

 

10,246

 

 

 

11,302

 

Property, plant and equipment, net

 

 

2,497

 

 

 

2,713

 

Operating lease right of use assets

 

 

1,076

 

 

 

1,141

 

Intangible assets, net

 

 

109

 

 

 

100

 

Investments in unconsolidated entities

 

 

55

 

 

 

65

 

Other assets

 

 

248

 

 

 

272

 

TOTAL ASSETS

 

$

14,231

 

 

$

15,593

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

CURRENT LIABILITIES:

 

 

 

 

 

 

Current installments of long-term debt

 

$

1,262

 

 

$

1,274

 

Accounts payable

 

 

1,586

 

 

 

5,027

 

Accrued expenses and other current liabilities

 

 

6,778

 

 

 

3,776

 

Other payable to related parties

 

 

1,152

 

 

 

1,161

 

Operating lease liabilities, current portion

 

 

139

 

 

 

145

 

Total current liabilities

 

 

10,917

 

 

 

11,383

 

Long-term debt, excluding current installments

 

 

308

 

 

 

434

 

Operating lease liabilities, less current portion

 

 

937

 

 

 

996

 

Total liabilities

 

 

12,162

 

 

 

12,813

 

Commitments and contingencies

 

 

 

 

 

 

SHAREHOLDERS‘ EQUITY:

 

 

 

 

 

 

Common stock

 

 

—

 

 

 

—

 

Additional paid-in capital

 

 

188,978

 

 

 

188,939

 

Accumulated other comprehensive income

 

 

3,644

 

 

 

3,652

 

Accumulated deficit

 

 

(190,553

)

 

 

(189,811

)

Total shareholders' equity

 

 

2,069

 

 

 

2,780

 

TOTAL LIABILITIES AND EQUITY

 

$

14,231

 

 

$

15,593

 

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

 

 

 

November 30, 2025

 

 

August 31, 2025

 

Revenues, net

 

$

 

2,569

 

 

$

 

13,225

 

Cost of revenues

 

 

 

2,551

 

 

 

 

12,996

 

Gross profit

 

 

 

18

 

 

 

 

229

 

Operating expenses:

 

 

 

 

 

 

 

 

Research and development

 

 

 

356

 

 

 

 

362

 

Selling, general and administrative

 

 

 

703

 

 

 

 

853

 

Gain on disposals of long-lived assets, net

 

 

 

(30

)

 

 

 

—

 

Total operating expenses

 

 

 

1,029

 

 

 

 

1,215

 

Loss from operations

 

 

 

(1,011

)

 

 

 

(986

)

Other income (expenses):

 

 

 

 

 

 

 

 

Investment loss from unconsolidated entities

 

 

 

(9

)

 

 

 

(936

)

Interest expenses, net

 

 

 

(12

)

 

 

 

(11

)

Other income, net

 

 

 

269

 

 

 

 

286

 

Foreign currency transaction gain, net

 

 

 

21

 

 

 

 

453

 

Total other income (expense), net

 

 

 

269

 

 

 

 

(208

)

Loss before income taxes

 

 

 

(742

)

 

 

 

(1,194

)

Income tax expense

 

 

—

 

 

 

—

 

Net loss

 

$

 

(742

)

 

$

 

(1,194

)

Net loss per share attributable to SemiLEDs stockholders:

 

 

 

 

 

 

 

 

Basic and diluted

 

$

 

(0.09

)

 

$

 

(0.15

)

Shares used in computing net loss per share attributable
to SemiLEDs stockholders:

 

 

 

 

 

 

 

 

Basic and diluted

 

 

 

8,226

 

 

 

 

8,224

 

 

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

Source: SemiLEDs Corporation