Filing Flows › SemiLEDs (LEDS) › Q3 FY26
SemiLEDs (LEDS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 14, 2026
SemiLEDs (LEDS) reported revenue of $9.1M for the third quarter fiscal 2026 (Q3 FY26), -49% from a year earlier and +753% from the quarter before. Operating margin was 15.6%, net earnings $1.5M (16.8% of revenue).
SemiLEDs, Q3 FY26: revenue $9.1M (-49% year over year), operating margin 15.6%, net earnings $1.5M, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | +753% | -49% |
| Gross profit | $2.5M | 410× | +162% |
| Operating profit | $1.4M | — | — |
| Net earnings | $1.5M | — | +583% |
| Operating cash flow | $2.2M | +83% | +217% |
| Free cash flow | $2.1M | +77% | +451% |
What changed
Revenue was $9.1M in Q3 FY26, down 49% year over year and up 753% from the previous quarter.
Gross margin was 27.1%, up 21.8 points from Q3 FY25. Operating profit was $1.4M, a 15.6% margin (up 15.9 points year over year). Operating expenses grew 4% against a revenue fall of 49%. The fastest-growing cost line was Research & development (+24%). Net earnings were $1.5M, up 583% year over year. The effective tax rate was 0.0%.
Operating cash flow was $2.2M (up 217% year over year), 144% of net earnings. Non-cash charges added back $172K of depreciation and amortization and $43K of share-based compensation. Working capital and other items added $459K. Capital expenditures of $87K left free cash flow of $2.1M.
Questions
What was SemiLEDs' revenue in the third quarter fiscal 2026?
SemiLEDs (LEDS) reported revenue of $9.1M for the third quarter fiscal 2026 (Q3 FY26), -49% from a year earlier and +753% from the quarter before.
Was SemiLEDs profitable in the third quarter fiscal 2026?
Operating profit was $1.4M (15.6% of revenue) and net earnings $1.5M.
Source: SemiLEDs 10-Q on SEC EDGAR.