LEDS 8-K SEC Filing Analysis

Latest settled — T+20d

LEDS ▲ +95.90% at T+20d

SHORT call ✗ call lost -95.90% · α vs SPY -89.61% · entry $1.22 → $2.39

Next anchor: T+60d in 24d

Last close $1.90 (close Jun 12) · -55.74% from $1.22 entry (call sign-flipped)

Entry anchored
Apr 13, 11:28 AM ET
via Databento tick

T+1d

-0.82%

call +0.82% · α +1.59%

$1.21

settled 2mo ago

T+5d

+13.11%

call -13.11% · α -11.72%

$1.38

settled 8w ago

T+20d

+95.90%

call -95.90% · α -89.61%

$2.39

settled 5w ago

T+60d

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call — · α —

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in 24d

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Executive Summary

SemiLEDs reported Q2 FY2026 revenue of $1.1 million, down from $2.6 million in Q1, with a net loss of $603K and EPS of $(0.07). Gross margin held at 1% but operating margin deteriorated to -79%. The decline was attributed to absence of buy-sell equipment orders.

Key Financial Metrics

Gross Margin

1%

Actionable Insight

The stock is likely to decline due to the sharp revenue drop and worsening operating margin, despite management's expectation of buy-sell orders in the second half of fiscal 2026. Traders should monitor for any follow-through in the business decline and assess whether the anticipated orders materialize.

Key Facts

Q2 FY2026 revenue was $1.1 million, down from $2.6 million in Q1 FY2026
Net loss was $603 thousand, or $(0.07) per diluted share, compared to $742 thousand, or $(0.09) per diluted share, in Q1
GAAP gross margin remained at 1%
Operating margin was negative 79%, compared to negative 39% in Q1
Cash and cash equivalents increased to $4.0 million from $2.9 million in Q1
Management attributed revenue decline to absence of buy-sell purchase orders of equipment

Financial Impact

Revenue declined 57.7% sequentially to $1.1 million with continued losses and deteriorating operating margin

revenueepsoperating margincash flow

Risk Factors

Continued decline in revenue and operating performance
Failure to secure anticipated buy-sell equipment orders in second half of fiscal 2026
Deteriorating financial position despite cash increase

Market Snapshot

Exchange

Nasdaq

Sector

Semiconductors & Related Devices

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-153738
Document: leds-20260414.htm	0001193125-26-153738
Document: 0001193125-26-153738-index-headers.html	0001193125-26-153738
Document: 0001193125-26-153738-index.html	0001193125-26-153738
Document: 0001193125-26-153738.txt	0001193125-26-153738
8-K Data (Synthetic)	0001193125-26-153738

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