SemiLEDs Corporation (LEDS) AI Stock Analysis

Founded in 2005 and based in Chu-Nan, Taiwan, SemiLEDs Corporation develops, manufactures, and distributes light emitting diode (LED) technologies worldwide. Its catalog includes LED chips, components, modules, and integrated systems, highlighted by an enhanced vertical LED line across blue, white, green, and UV wavelengths. SemiLEDs supplies packagers, distributors, original design manufacturers (ODMs), and direct lighting end-users across markets such as the United States, Taiwan, Europe, Japan, and China. Beyond standard, architectural, and entertainment lighting, the company provides specialty LEDs for UV polymer curing, medical and cosmetic light therapy, counterfeit detection, horticulture, and germicidal devices.

Between FY2021 and FY2024, SemiLEDs operated with annual revenue between $4.7M and $7.1M while generating annual net losses, including -$2.9M in FY2021 and -$2.0M in FY2024. In FY2025, revenue rose 729.8% to $43.0M, contributing to a 5-year revenue CAGR of 47.9% from FY2020. However, gross margin dropped to 5.7% in FY2025 from 20.3% in FY2024, and net income remained negative at -$1.1M. Over the trailing twelve months ending May 31, 2026, revenue stood at $25.9M with an operating margin of 15.6% and a net margin of -3.9%. In the latest quarter, revenue fell 48.6% year-over-year while earnings grew 500.0%.

As of May 31, 2026, SemiLEDs held $6.0M in cash and short-term investments against $2.3M in total debt, resulting in net cash of $3.6M. Total assets were $17.5M and shareholders' equity was $3.1M, yielding a debt-to-equity ratio of 0.76 and a current ratio of 1.03. In FY2025, operating cash flow turned positive at $2.2M and free cash flow reached $1.6M after capital expenditures of $569,000. Over a five-year period, the company's share count increased 85.3%.

At $1.95 per share on October 16, 2026, SemiLEDs trades at an enterprise value of $15.4M and a price-to-sales ratio of 0.6x. This multiple and its 0.6x EV-to-revenue ratio sit below the 2.8x price-to-sales median of its US-listed Technology peers. Conversely, its EV-to-EBITDA multiple of 59.6x exceeds the peer median of 16.6x, and price-to-book stands at 6.2x. The stock fell 19.8% over the past year compared to a 16.8% gain for the S&P 500, though its year-to-date return is 30.0%.

The mean analyst price target for SemiLEDs is $3.00, which sits 53.8% above its last closing price of $1.95. The company's next earnings release is scheduled for November 27, 2026. Corporate insiders hold 58.5% of outstanding shares, institutional ownership stands at 1.8%, and short interest accounts for 3.1% of the float.

This page is an AI-written research summary of SemiLEDs Corporation (LEDS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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