SemiLEDs Corporation (NASDAQ: LEDS) - Comprehensive Analysis
One-Sentence Summary of Key Findings
SemiLEDs (LEDS) is a small-cap LED chip and components manufacturer with highly volatile quarterly results driven by large equipment "buy-sell" transactions, recent return to profitability in Q3 FY2026, strong YTD stock gains amid long-term underperformance versus the market, minimal analyst coverage, and operations centered in Taiwan serving diverse global lighting markets.
Company Overview and History
Overview (Fact)
- SemiLEDs Corporation develops, manufactures, and sells ultra-high brightness LED chips and components using its patented MvpLED™ (metal alloy vertical photonic LED) technology for blue/white, green, and UV applications.
- Products are used in general lighting (street, commercial, industrial, residential) and specialty applications including UV curing, medical/cosmetic light therapy, counterfeit detection, horticulture, architectural, and entertainment lighting.
- Substantial revenue derived from LED components; geographically diverse customers with recent emphasis on Japan and equipment-related sales.
- Headquartered in Boise, Idaho; primary fabrication facilities in Hsinchu Science Park, Taiwan; ISO 9001 certified.
- Approximately 118 employees (as of recent data).
Company Website | Yahoo Finance Profile
History (Fact)
- Incorporated in Delaware in January 2005.
- Focused on proprietary vertical LED chip technology since inception, with manufacturing in Taiwan.
- Publicly traded on NASDAQ since around 2010 (all-time high closing price of 304.20 on Dec 21, 2010, reflecting pre-reverse-split levels in historical data).
- Has navigated industry shifts in LED market, with recent emphasis on specialty UV and high-performance chips alongside equipment trading activities.
Macrotrends Historical Price Data | Official Site History
Stock Performance and Company Financials
Stock Performance (Fact - Historical Returns)
Data Limitation: Performance metrics are trailing returns as of mid-July 2026 data points from sources; excludes dividends (none paid); stock is highly volatile with low float and volume spikes. Past performance is not indicative of future results. No current price displayed per guidelines.
| Period | LEDS Return (approx.) | S&P 500 Comparison |
|---|
| YTD | ~98% to 105% | ~9.3% to 9.5% |
| 1-Year | ~23% to 28% | ~19% |
| 3-Year | ~25% to 30% | ~65% to 66% |
| 5-Year | ~70% | ~73% |
Interpretation: Strong recent momentum (YTD outperformance) likely tied to Q3 profitability news and volume surges, but longer-term lags market significantly.
Yahoo Finance Performance | Macrotrends 16-Year History | Nasdaq Historical Quotes
Company Financials (Fact)
Data Limitation & Uncertainty: Financials exhibit extreme quarter-to-quarter volatility primarily due to large, sporadic "buy-sell" equipment orders (one customer reportedly ~87% of revenue in certain periods). TTM figures are aggregates and may not reflect sustainable operations. Assumptions in comparisons use reported GAAP numbers; currency in USD.
| Metric | TTM / Recent Value | Notes |
|---|
| Revenue (TTM) | $25.93 million | Fluctuates sharply (e.g., FY with $43M reported in one period) |
| Net Income (TTM) | -$1.02 million | Negative overall |
| EPS (TTM) | -$0.14 | Diluted |
| Q3 FY2026 Revenue | $9.07 million | Up significantly from $1.1M in Q2; gross margin 27% |
| Q3 FY2026 Net Income | $1.52 million ($0.18 EPS) | Return to profitability vs. prior quarter loss |
| Gross Margin (Q3) | 27% | Improved from 1% in Q2 |
| Cash & Equivalents | ~$6.0 - 6.15 million | Increased recently |
| Profit Margin (TTM) | ~-3.9% to -6.7% | Negative |
| ROE / ROA (TTM) | -28.73% / -4.47% | Negative |
Q3 results driven by equipment deals per company reports. Annual revenues have varied: e.g., periods showing $5.2M, $6.0M, higher spikes.
Yahoo Finance Financials | Q3 2026 Earnings Release | Simply Wall St Analysis
Analyst Ratings
Ratings Summary (Fact)
- Consensus: Limited or "Sell" (e.g., MarketBeat notes Sell with low score); very sparse coverage.
- Number of analysts actively covering: Minimal to none in recent 12 months with meaningful targets.
- Historical targets: One outdated average target of $30.00 (from ~2014, single rating).
- No recent consensus price targets or earnings estimates widely available.
Uncertainty: Extremely limited Wall Street coverage typical of micro/small-cap stocks; ratings may not reflect current fundamentals. No upgrades/downgrades reported recently.
Data Limitation: Analyst data is outdated or absent; reliance on algorithmic or historical proxies (e.g., Financhill score ~28-50/100). Investors should not base decisions solely on this.
MarketBeat Analyst Forecast | Yahoo Finance Analysis | Financhill Forecast
Customers and Competitors
Customers (Fact)
- Geographic base: China, Taiwan, Europe, North America, other parts of Asia; recent revenue concentration in Japan for components/equipment.
- Primarily packagers, distributors, original design manufacturers (ODMs) of lighting products, and end-users.
- High concentration risk noted: Individual large customers (including equipment buy-sell) can represent majority of quarterly revenue.
Interpretation: Business model sensitive to a few key relationships and opportunistic equipment trades rather than recurring broad customer base.
Yahoo Profile (Customers/Geography)
Competitors (Fact)
| Competitor | Ticker / Focus | Notes |
|---|
| Sequans Communications | SQNS (Semiconductors) | Wireless/IoT chips; compared by size/industry |
| Senstar Technologies | SNT | Security/tech; peer comparison |
| MIND Technology | MIND | Marine/tech equipment |
| Nano Labs | NA | Semiconductor-related |
| Ascent Solar Technologies | ASTI | Solar/renewables tech |
| Luminus Devices | Private | LED chips/components |
| Aledia | Private | LED/microLED tech |
| ams OSRAM | Private/Public | Major LED/optical sensors |
| Others | e.g., Lumileds, Seoul Semiconductor, Sanan Optoelectronics | Larger LED chip manufacturers |
MarketBeat Competitors | CB Insights Alternatives
Recent News Highlights
- July 2026: Q3 FY2026 earnings - strong revenue jump and profitability return on equipment sales. Source
- April 2026: Q2 revenue decline to $1.1M with narrowed loss. Source
- Ongoing: Volatility tied to equipment orders and Nasdaq compliance notices in prior periods.
Yahoo Finance News | StockTitan News Feed
All information compiled from publicly available sources as of July 2026. This is not investment advice. Verify with primary filings (e.g., SEC 10-Q/10-K). Financial data subject to revisions.