SemiLEDs Reports Third Quarter Fiscal Year 2026 Financial Results | LEDS Stock News

See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens GoogleAdd on Google 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 SemiLEDsSemiLEDs 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 StatementsThis 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 SUBSIDIARIESUnaudited Condensed Consolidated Balance Sheets(In thousands of U.S. dollars)May 31,February 28,20262026ASSETSCURRENT ASSETS:Cash and cash equivalents$5,978$3,978Accounts receivable (including related parties), net2,1931,649Inventories, net4,7394,885Prepaid expenses and other current assets9601,937Total current assets13,87012,449Property, plant and equipment, net2,2632,353Operating lease right of use assets1,0071,047Intangible assets, net106110Investments in unconsolidated entities4749Other assets250252TOTAL ASSETS$17,543$16,260LIABILITIES AND EQUITYCURRENT LIABILITIES:Current installments of long-term debt$1,262$1,265Accounts payable4,8742,157Accrued expenses and other current liabilities6,0578,924Other payable to related parties1,1871,170Operating lease liabilities, current portion107127Total current liabilities13,48713,643Long-term debt, excluding current installments77193Operating lease liabilities, less current portion900920Total liabilities14,46414,756Commitments and contingenciesSHAREHOLDERS‘ EQUITY:Common stock——Additional paid-in capital189,063189,020Accumulated other comprehensive income3,6493,640Accumulated deficit(189,633)(191,156)Total shareholders' equity3,0791,504TOTAL LIABILITIES AND EQUITY$17,543$16,260SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Operations(In thousands of U.S. dollars and shares, except per share data)Three Months EndedMay 31, 2026February 28, 2026Revenues, net$9,074$1,064Cost of revenues6,6141,058Gross profit2,4606Operating expenses:Research and development363276Selling, general and administrative681575Gain on disposals of long-lived assets, net1—Total operating expenses1,045851Income (loss) from operations1,415(845)Other income (expenses):Investment loss from unconsolidated entities(2)(6)Interest expenses, net(10)(22)Other income, net270275Foreign currency transaction (loss) gain, net(150)(5)Total other income, net108242Income (loss) before income taxes1,523(603)Income tax expense——Net income (loss)$1,523$(603)Net income (loss) per shareBasic and diluted$0.18$(0.07)Weighted average number of ordinary shares outstandingBasic and diluted8,2648,225View source version on businesswire.com: https://www.businesswire.com/news/home/20260714211337/en/Christopher LeeChief Financial OfficerSemiLEDs Corporation+886-37-586788investor@semileds.comSource: SemiLEDs Corporation