Filing Flows › SemiLEDs (LEDS) › Q2 FY25
SemiLEDs (LEDS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 11, 2025
SemiLEDs (LEDS) reported revenue of $10.9M for the second quarter fiscal 2025 (Q2 FY25), up 12-fold from a year earlier and +762% from the quarter before. Operating margin was 1.0%, net earnings $388K (3.6% of revenue).
SemiLEDs, Q2 FY25: revenue $10.9M (12× year over year), operating margin 1.0%, net earnings $388K, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.9M | +762% | 12× |
| Gross profit | $1.0M | +286% | +796% |
| Operating profit | $110K | — | — |
| Net earnings | $388K | — | — |
| Operating cash flow | $1.4M | — | — |
| Free cash flow | $1.3M | — | — |
What changed
Revenue was $10.9M in Q2 FY25, up 1127% year over year and up 762% from the previous quarter.
Gross margin was 9.2%, down 3.4 points from a year earlier. Operating profit was $110K, a 1.0% margin (up 94.9 points year over year). Operating expenses fell 5% while revenue rose 1127%. The fastest-growing cost line was Research & development (+11%). Net earnings were $388K. The effective tax rate was 0.0%. Non-operating items added $278K, 72% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.4M, 362% of net earnings. Non-cash charges added back $156K of depreciation and amortization and $35K of share-based compensation. Working capital and other items added $826K. Capital expenditures of $120K left free cash flow of $1.3M.
Questions
What was SemiLEDs' revenue in the second quarter fiscal 2025?
SemiLEDs (LEDS) reported revenue of $10.9M for the second quarter fiscal 2025 (Q2 FY25), up 12-fold from a year earlier and +762% from the quarter before.
Was SemiLEDs profitable in the second quarter fiscal 2025?
Operating profit was $110K (1.0% of revenue) and net earnings $388K.
Source: SemiLEDs 10-Q on SEC EDGAR.