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Kopin vs SemiLEDs: KOPN and LEDS compared
Kopin is the larger company: $12.7M of revenue in its latest quarter (Q2 2026) against $9.1M for SemiLEDs (Q3 FY26). Kopin is growing faster (+51% against -49% a year earlier). SemiLEDs is more profitable, with an operating margin of 15.6% against -27.5%.
Where the money goes: KOPN and LEDS
Kopin (KOPN) · Q2 2026
Kopin, Q2 2026: revenue $12.7M (+51% year over year), operating margin -27.5%, net earnings $831K, operating cash flow −$4.3M. 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.
| Kopin (KOPN) | SemiLEDs (LEDS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $12.7M | $9.1M |
| Revenue growth, Y/Y | +51% | -49% |
| Gross margin | — | 27.1% |
| Operating margin | -27.5% | 15.6% |
| Net earnings | $831K | $1.5M |
| Net margin | 6.5% | 16.8% |
| Operating cash flow | −$4.3M | $2.2M |
| Free cash flow | — | $2.1M |
Where the revenue comes from
Kopin
- ASC 606 Revenues: $9.8M (77%)
- Non ASC 606 Revenues: $2.9M (23%)
- License and Other Revenues: $56K (0%)
Questions
Which is bigger, Kopin or SemiLEDs?
Kopin is the larger company: $12.7M of revenue in its latest quarter (Q2 2026) against $9.1M for SemiLEDs (Q3 FY26).
Is Kopin or SemiLEDs growing faster?
Kopin is growing faster (+51% against -49% a year earlier).
Which is more profitable, Kopin or SemiLEDs?
SemiLEDs is more profitable, with an operating margin of 15.6% against -27.5%.
More: Kopin earnings · how Kopin makes money · SemiLEDs earnings · how SemiLEDs makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Jul 14, 2026). Fiscal quarters can end on different dates. Not investment advice.