Filing Flows › Comparisons › BZAI vs LEDS
Blaize Holdings vs SemiLEDs: BZAI and LEDS compared
Blaize Holdings is the larger company: $12.0M of revenue in its latest quarter (Q2 2026) against $9.1M for SemiLEDs (Q3 FY26). Blaize Holdings is growing faster (+505% against -49% a year earlier). SemiLEDs is more profitable, with an operating margin of 15.6% against -255.4%.
Where the money goes: BZAI and LEDS
Blaize Holdings (BZAI) · Q2 2026
Blaize Holdings, Q2 2026: revenue $12.0M (+505% year over year), operating margin -255.4%, net loss $28.8M, operating cash flow −$28.7M. The chart follows the revenue to costs, profit and cash.
SemiLEDs (LEDS) · Q3 FY26
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.
| Blaize Holdings (BZAI) | SemiLEDs (LEDS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $12.0M | $9.1M |
| Revenue growth, Y/Y | +505% | -49% |
| Gross margin | — | 27.1% |
| Operating margin | -255.4% | 15.6% |
| Net earnings | −$28.8M | $1.5M |
| Net margin | -240.4% | 16.8% |
| Operating cash flow | −$28.7M | $2.2M |
| Free cash flow | — | $2.1M |
Questions
Which is bigger, Blaize Holdings or SemiLEDs?
Blaize Holdings is the larger company: $12.0M of revenue in its latest quarter (Q2 2026) against $9.1M for SemiLEDs (Q3 FY26).
Is Blaize Holdings or SemiLEDs growing faster?
Blaize Holdings is growing faster (+505% against -49% a year earlier).
Which is more profitable, Blaize Holdings or SemiLEDs?
SemiLEDs is more profitable, with an operating margin of 15.6% against -255.4%.
More: Blaize Holdings earnings · how Blaize Holdings makes money · SemiLEDs earnings · how SemiLEDs makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Jul 14, 2026). Fiscal quarters can end on different dates. Not investment advice.