Filing Flows › SemiLEDs (LEDS) › Q1 FY26
SemiLEDs (LEDS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 14, 2026
SemiLEDs (LEDS) reported revenue of $2.6M for the first quarter fiscal 2026 (Q1 FY26), +104% from a year earlier and -81% from the quarter before. Operating margin was -39.4%, net loss $742K (28.9% of revenue).
SemiLEDs, Q1 FY26: revenue $2.6M (+104% year over year), operating margin -39.4%, net loss $742K, operating cash flow $361K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | -81% | +104% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$742K | — | — |
| Operating cash flow | $361K | +39% | — |
| Free cash flow | $331K | +38% | — |
What changed
Revenue was $2.6M in Q1 FY26, up 104% year over year and down 81% from the previous quarter.
Gross margin was 0.7%, down 19.9 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -39.4%. Operating expenses grew 12% against revenue growth of 104%. The quarter ended with a net loss of $742K, narrower than the previous quarter's $1.2M loss. Non-operating items added $269K, -36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $361K. Non-cash charges added back $181K of depreciation and amortization and $39K of share-based compensation. Working capital and other items added $883K. Capital expenditures of $30K left free cash flow of $331K.
Questions
What was SemiLEDs' revenue in the first quarter fiscal 2026?
SemiLEDs (LEDS) reported revenue of $2.6M for the first quarter fiscal 2026 (Q1 FY26), +104% from a year earlier and -81% from the quarter before.
Was SemiLEDs profitable in the first quarter fiscal 2026?
Operating loss was $1.0M (-39.4% of revenue) and net loss $742K.
Source: SemiLEDs 10-Q on SEC EDGAR.