Filing Flows › SemiLEDs (LEDS) › Q3 FY25
SemiLEDs (LEDS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 14, 2025
SemiLEDs (LEDS) reported revenue of $17.7M for the third quarter fiscal 2025 (Q3 FY25), up 13-fold from a year earlier and +62% from the quarter before. Operating margin was -0.4%, net earnings $223K (1.3% of revenue).
SemiLEDs, Q3 FY25: revenue $17.7M (13× year over year), operating margin -0.4%, net earnings $223K, operating cash flow $693K. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.7M | +62% | 13× |
| Operating profit | −$62K | -156% | — |
| Net earnings | $223K | -43% | — |
| Operating cash flow | $693K | -51% | +536% |
| Free cash flow | $383K | -70% | +291% |
What changed
Revenue was $17.7M in Q3 FY25, up 1234% year over year and up 62% from the previous quarter.
Gross margin was 5.3%, down 35.7 points from a year earlier. Operating costs exceeded revenue by $62K, an operating margin of -0.4%. Operating expenses fell 1% while revenue rose 1234%. Net earnings were $223K. The effective tax rate was 0.0%. Non-operating items added $285K, 128% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $693K (up 536% year over year), 311% of net earnings. Non-cash charges added back $200K of depreciation and amortization and $22K of share-based compensation. Working capital and other items added $248K. Capital expenditures of $310K left free cash flow of $383K.
Questions
What was SemiLEDs' revenue in the third quarter fiscal 2025?
SemiLEDs (LEDS) reported revenue of $17.7M for the third quarter fiscal 2025 (Q3 FY25), up 13-fold from a year earlier and +62% from the quarter before.
Was SemiLEDs profitable in the third quarter fiscal 2025?
Operating loss was $62K (-0.4% of revenue) and net earnings $223K.
Source: SemiLEDs 10-Q on SEC EDGAR.