SemiLEDS Corporation

LEDS Technology Semiconductors

SemiLEDS Corporation’s revenue for fiscal 2025 (year ended August 2025) was $43.0 million, up 729.8% from fiscal 2024. In the quarter to May 2026, revenue fell 48.6%, EPS grew 500.0%, free cash flow grew 455.3% and total debt fell 27.7%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years.

1.95 0.05 −2.50%
Market cap
$16.5M
P/E
0.0×
Fwd P/E
−4.3×
Dividend yield
—
F-score
6/9
Altman Z
−13.95
Beneish M
4.33
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 58.49%

Capital & Financial Ratios $m

Market Cap 16.50
Revenue 25.93
Net Income (1.02)
Free Cash Flow 3.60
Net Debt (4.64)
Current Ratio 1.03
Debt/Equity 0.43 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (4.30) (negative: loss-making)
P/S ratio 0.62
P/B ratio 5.23
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 48.89% (at or above 10%: strong)
Next 5Y EPS Growth 50.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 12.13%
10-year low 10-year high
P/B against its own 10 years 71.18%
10-year low 10-year high
EV/Sales against its own 10 years 10.21%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 2 3 6
Receivables 1 0 4 2
Inventory 4 4 5 5
Other — — — —
8 6 11 14
2023 2024 2025 Q'26
Payables 0 0 5 5
ST’ Debt 5 3 1 1
Other — — — —
10 7 11 13

Compound Annual Growth %

10y 5y 3y
Sales 11.78% 47.95% 82.71%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (21.00%) 1.60% (7.37%)

Revenue $m

Nov Feb May Aug Year
’26 3 1 9 — —
’25 1 11 18 13 43
’24 2 1 1 1 5
’23 2 1 2 1 6
’22 1 2 2 2 7
’21 1 1 1 1 5
’20 2 2 2 1 6
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Nov Feb May Aug Year
’26 0 1 2 — —
’25 0 1 1 0 2
’24 0 (1) 0 0 0
’23 0 0 (1) 0 (1)
’22 (1) 0 (1) 0 (2)
’21 0 (1) 0 (1) (2)
’20 0 0 (1) 0 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Nov Feb May Aug Year
’26 0 1 2 — —
’25 0 1 0 0 2
’24 0 (1) 0 0 0
’23 0 (1) (1) 0 (1)
’22 (1) 0 (1) 0 (2)
’21 0 (1) 0 (1) (2)
’20 0 0 (1) 0 (1)
Fiscal quarters ending in the months shown.

EPS $

Nov Feb May Aug Year
’26 (0.09) (0.07) 0.18 — —
’25 (0.08) 0.05 0.03 (0.15) (0.15)
’24 (0.12) (0.11) (0.04) (0.08) (0.32)
’23 (0.11) (0.11) (0.15) (0.18) (0.55)
’22 (0.12) (0.04) (0.20) (0.25) (0.61)
’21 (0.17) (0.06) (0.01) (0.42) (0.68)
’20 (0.09) 0.08 (0.14) (0.02) (0.15)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to August

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 1.36 1.61 2.46 1.93 1.03 3.02 1.49 1.01 0.92 1.22

Analyst estimates 2026–2028

Powerpack
High 11.35 10.49 8.75 5.57 4.50 31.44 5.20 3.47 2.29 3.37
People
People Employees 225 187 160 136 130 129 126 152 116 118
Revenue/emp, $m 0.05 0.05 0.05 0.04 0.05 0.04 0.06 0.04 0.04 0.36
Income, $m
Income, $m Revenue 10 9 7 6 6 5 7 6 5 43
Gross margin, % (48.70) 0.89 (5.80) 7.66 26.20 21.82 19.81 16.84 20.32 5.65
EBT (21) (4) (3) (4) (1) (3) (3) (3) (2) (1)
EBT margin, % (210.10) (44.54) (39.77) (60.40) (9.01) (60.34) (38.66) (44.99) (39.19) (2.63)
Net income (21) (4) (3) (4) (1) (3) (3) (3) (2) (1)
Depreciation 6 1 1 1 1 1 1 1 1 1
Per share, $
Per share, $ Revenue 3.46 2.60 2.11 1.65 1.55 1.13 1.56 1.23 0.82 5.57
Earnings (7.25) (1.16) (0.84) (1.00) (0.15) (0.68) (0.61) (0.55) (0.32) (0.15)
Cash flow (1.17) (0.60) (0.33) (0.99) (0.26) (0.42) (0.33) (0.20) (0.06) 0.29
Capex (0.18) (0.01) 0.33 0.10 0.10 0.04 (0.02) (0.05) (0.02) (0.08)
Free cash flow (1.35) (0.60) (0.01) (0.89) (0.16) (0.38) (0.35) (0.25) (0.07) 0.21
Book value 3.97 2.21 1.41 0.50 0.65 1.11 0.77 0.24 0.36 0.36
Shares, m 3 4 4 4 4 4 5 5 6 8
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 1.80 0.66 1.89 1.49 2.13 8.85 1.67 1.42 1.61 0.31
P/B 1.57 0.78 2.83 4.93 5.04 9.06 3.37 7.11 3.71 4.78
EV/Sales 1.49 0.57 1.75 2.33 2.91 9.44 2.04 2.04 2.01 0.29
EV/FCF (3.83) (2.45) (727.31) (4.34) (28.38) (28.31) (8.95) (10.06) (22.90) 7.66
Cash, $m
Cash, $m Operating cash flow (3) (2) (1) (4) (1) (2) (2) (1) 0 2
Capex (1) 0 1 0 0 0 0 0 0 (1)
Free cash flow (4) (2) 0 (3) (1) (2) (2) (1) 0 2
Balance, $m
Balance, $m Working capital 7 1 (1) 1 (1) 1 0 (2) (1) 0
Total debt 3 3 2 6 8 8 7 6 4 2
Net debt (3) (1) (1) 5 5 3 3 4 2 (1)
Shareholders’ equity 12 8 5 2 3 5 3 1 2 3
Returns, %
Returns, % ROA (70.04) (20.50) (18.68) (27.52) (4.15) (17.37) (16.00) (18.23) (16.56) (8.45)
ROIC (151.13) (38.86) (58.43) (33.90) (17.84) (33.18) (32.94) (43.30) (42.84) (52.61)
ROE (103.76) (42.05) (46.51) (104.99) (24.98) (79.26) (67.55) (114.66) (118.27) (44.94)
Negative figures in brackets.

All 10 years →

Fiscal years to Aug 2025 · latest quarter May 2026

Charts ten years each

SemiLEDS Corporation vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IPWR Ideal Power Inc. $52.8M — (loss-making) — (loss-making) +7.41% (above 0%: growing) n/m −1.57% (below 0%: shrinking) 31.03% (62,467.24%) Compare
WQEY WISeQey Corp $41.1M — (loss-making) — +55.93% (above 0%: growing) n/m −92.17% (below 0%: shrinking) 52.94% 0.00% Compare
NA Nano Labs Ltd. Sponsored ADR $40.9M — — — n/m +46.67% (above 0%: growing) 100.00% 100.00% Compare
SQNS Sequans Communications S.A. $38.6M — (loss-making) — (loss-making) −8.39% (below 0%: shrinking) n/m −1,233.27% (below 0%: shrinking) 32.90% (96.68%) Compare
ICG Intchains Group Limited Unsponsored ADR $38.2M — (loss-making) — (loss-making) −38.03% (below 0%: shrinking) n/m +49.54% (above 0%: growing) (137.17%) (198.09%) Compare
PXLW Pixelworks, Inc. $33.0M 0.5× — (loss-making) −59.75% (below 0%: shrinking) n/m +63.54% (above 0%: growing) 60.94% (5,256.25%) Compare
LEDS SemiLEDS Corporation $16.5M — (loss-making) — (loss-making) −48.59% (below 0%: shrinking) +500.00% (above 0%: growing) +455.26% (above 0%: growing) 27.11% 15.62%
MOBX Mobix Labs, Inc. $14.8M — (loss-making) — −66.43% (below 0%: shrinking) n/m −40.77% (below 0%: shrinking) 12.93% (932.07%) Compare
PRSO Peraso Inc. $5.7M — (loss-making) — (loss-making) −41.13% (below 0%: shrinking) n/m +19.89% (above 0%: growing) 63.73% (171.08%) Compare
Median of peers $38.4M — — −38.03% — +9.16% 42.92% (184.58%)

All 67 Semiconductors stocks →

SemiLEDS Corporation (LEDS) key facts

  • Strength: SemiLEDS Corporation’s revenue for fiscal 2025 (year ended August 2025) was $43.0 million, up 729.8% from fiscal 2024.
  • SemiLEDS Corporation (LEDS) is a Semiconductors company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, LEDS traded at $1.95, a market capitalization of $16.5 million.
  • Return on equity was −44.9% and debt-to-equity 0.43.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −13.95 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/LEDS · Data as of May 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com