The stock is likely to decline due to the sharp revenue drop and worsening operating margin, despite management's expectation of buy-sell orders in the second half of fiscal 2026. Traders should monitor for any follow-through in the business decline and assess whether the anticipated orders materialize.
Price Chart
Executive Summary
SemiLEDs reported Q2 FY2026 revenue of $1.1 million, down from $2.6 million in Q1, with a net loss of $603K and EPS of $(0.07). Gross margin held at 1% but operating margin deteriorated to -79%. The decline was attributed to absence of buy-sell equipment orders.
Key Financial Metrics
Key Facts
- Q2 FY2026 revenue was $1.1 million, down from $2.6 million in Q1 FY2026
- Net loss was $603 thousand, or $(0.07) per diluted share, compared to $742 thousand, or $(0.09) per diluted share, in Q1
- GAAP gross margin remained at 1%
- Operating margin was negative 79%, compared to negative 39% in Q1
- Cash and cash equivalents increased to $4.0 million from $2.9 million in Q1
- Management attributed revenue decline to absence of buy-sell purchase orders of equipment
Financial Impact
Revenue declined 57.7% sequentially to $1.1 million with continued losses and deteriorating operating margin
Risk Factors
- Continued decline in revenue and operating performance
- Failure to secure anticipated buy-sell equipment orders in second half of fiscal 2026
- Deteriorating financial position despite cash increase
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-153738 |
| Document: leds-20260414.htm | 0001193125-26-153738 |
| Document: 0001193125-26-153738-index-headers.html | 0001193125-26-153738 |
| Document: 0001193125-26-153738-index.html | 0001193125-26-153738 |
| Document: 0001193125-26-153738.txt | 0001193125-26-153738 |
| 8-K Data (Synthetic) | 0001193125-26-153738 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 27, 2026 13w ago | 8-K | $1.96 $1.88 | ▼ −4.08% | ▼ −4.32% | $2.18 (+11.22%) |
Jul 15, 2026 14w ago | DEFA14A / 8-K | $2.57 $2.45 | ▼ −4.67% | ▼ −4.13% | $2.18 (−15.18%) |
Jul 14, 2026 15w ago | 8-K | $2.24 $2.57 | ▲ +14.73% | ▲ +14.34% | $2.18 (−2.68%) |
Apr 14, 2026 28w ago | 8-K | $1.22 $1.21 | ▲ +0.82% | ▲ +1.59% | $2.18 (−78.69%) |
US Market Status
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