Filing Flows › SemiLEDs (LEDS) › Q2 FY26
SemiLEDs (LEDS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 14, 2026
SemiLEDs (LEDS) reported revenue of $1.1M for the second quarter fiscal 2026 (Q2 FY26), -90% from a year earlier and -59% from the quarter before. Operating margin was -79.4%, net loss $603K (56.7% of revenue).
SemiLEDs, Q2 FY26: revenue $1.1M (-90% year over year), operating margin -79.4%, net loss $603K, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -59% | -90% |
| Operating profit | −$845K | — | -868% |
| Net earnings | −$603K | — | -255% |
| Operating cash flow | $1.2M | +233% | -14% |
| Free cash flow | $1.2M | +259% | -7% |
What changed
Revenue was $1.1M in Q2 FY26, down 90% year over year and down 59% from the previous quarter.
Gross margin was 0.6%, down 8.7 points from Q2 FY25. Operating costs exceeded revenue by $845K, an operating margin of -79.4%. Operating expenses fell 5% while revenue fell 90%. The quarter ended with a net loss of $603K, narrower than the previous quarter's $742K loss. Non-operating items added $242K, -40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.2M (down 14% year over year). Non-cash charges added back $174K of depreciation and amortization and $42K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $14K left free cash flow of $1.2M.
Questions
What was SemiLEDs' revenue in the second quarter fiscal 2026?
SemiLEDs (LEDS) reported revenue of $1.1M for the second quarter fiscal 2026 (Q2 FY26), -90% from a year earlier and -59% from the quarter before.
Was SemiLEDs profitable in the second quarter fiscal 2026?
Operating loss was $845K (-79.4% of revenue) and net loss $603K.
Source: SemiLEDs 10-Q on SEC EDGAR.