SemiLEDs (LEDS)
Market Price (6/15/2026): $1.96 | Market Cap: $16.2 MilSector: Information Technology | Industry: Semiconductors
SemiLEDs (LEDS)
Market Price (6/15/2026): $1.96Market Cap: $16.2 MilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 133% Attractive yieldFCF Yield is 14% Megatrend and thematic driversMegatrends include Advanced Optoelectronics. Themes include LED Technology & Manufacturing. | Weak multi-year price returns2Y Excs Rtn is -6.1%, 3Y Excs Rtn is -99% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.5% Weak revenue growthRev Chg QQuarterly Revenue Change % is -90% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 63% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% Key risksLEDS key risks include [1] declining core profitability due to a reliance on low-margin equipment sales, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 133% |
| Attractive yieldFCF Yield is 14% |
| Megatrend and thematic driversMegatrends include Advanced Optoelectronics. Themes include LED Technology & Manufacturing. |
| Weak multi-year price returns2Y Excs Rtn is -6.1%, 3Y Excs Rtn is -99% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.5% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -90% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 63% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| Key risksLEDS key risks include [1] declining core profitability due to a reliance on low-margin equipment sales, Show more. |
Qualitative Assessment
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SemiLEDs (LEDS) stock has gained about 30% since 2/28/2026 because of the following key factors:
1. Narrower Net Loss and Improved Liquidity in Fiscal Q2 2026.
SemiLEDs reported a narrower GAAP net loss of $603 thousand, or $(0.07) per diluted share, for its fiscal second quarter of 2026, which ended on February 28, 2026. This was an improvement from the $742 thousand, or $(0.09) per diluted share, net loss recorded in fiscal Q1 2026 (ended November 30, 2025). Despite a sequential decrease in revenue, this reduction in net loss, coupled with an increase in cash and cash equivalents to $4.0 million by February 28, 2026 (up from $2.9 million at the end of fiscal Q1 2026), positively influenced investor sentiment. The stock notably rose 12.68% following the Q2 2026 earnings announcement on April 14, 2026.
2. Strategic Focus on High-Margin Specialty LED Products and Cost Control.
The company's management emphasized ongoing cost-control initiatives and a strategic ramp-up in higher-margin specialty LED products, specifically ultraviolet (UV) and infrared (IR) LED solutions. This focus on niche applications, which command better margins, is a key operational strategy to improve profitability, even as these segments represent a smaller portion of overall revenue. The UV LED market alone is projected to grow to USD 215 million in 2026, with a compound annual growth rate (CAGR) of 10% or higher.
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Stock Movement Drivers
Fundamental Drivers
The 27.5% change in LEDS stock from 2/28/2026 to 6/14/2026 was primarily driven by a 64.3% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.49 | 1.90 | 27.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 35 | -22.1% |
| P/S Multiple | 0.3 | 0.5 | 64.3% |
| Shares Outstanding (Mil) | 8 | 8 | -0.4% |
| Cumulative Contribution | 27.5% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| LEDS | 27.5% | |
| Market (SPY) | 8.4% | 47.6% |
| Sector (XLK) | 33.3% | 45.2% |
Fundamental Drivers
The -5.9% change in LEDS stock from 11/30/2025 to 6/14/2026 was primarily driven by a -19.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.02 | 1.90 | -5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 43 | 35 | -19.8% |
| P/S Multiple | 0.4 | 0.5 | 17.6% |
| Shares Outstanding (Mil) | 8 | 8 | -0.3% |
| Cumulative Contribution | -5.9% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| LEDS | -5.9% | |
| Market (SPY) | 9.2% | 44.4% |
| Sector (XLK) | 29.5% | 42.6% |
Fundamental Drivers
The -36.2% change in LEDS stock from 5/31/2025 to 6/14/2026 was primarily driven by a -68.8% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.98 | 1.90 | -36.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 35 | 133.5% |
| P/S Multiple | 1.5 | 0.5 | -68.8% |
| Shares Outstanding (Mil) | 7 | 8 | -12.5% |
| Cumulative Contribution | -36.2% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| LEDS | -36.2% | |
| Market (SPY) | 27.3% | 33.6% |
| Sector (XLK) | 61.0% | 33.4% |
Fundamental Drivers
The -25.2% change in LEDS stock from 5/31/2023 to 6/14/2026 was primarily driven by a -77.0% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.54 | 1.90 | -25.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 35 | 451.5% |
| P/S Multiple | 2.0 | 0.5 | -77.0% |
| Shares Outstanding (Mil) | 5 | 8 | -41.1% |
| Cumulative Contribution | -25.2% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| LEDS | -25.2% | |
| Market (SPY) | 84.5% | 22.5% |
| Sector (XLK) | 129.7% | 23.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LEDS Return | 29% | -65% | -13% | -7% | 16% | 21% | -49% |
| Peers Return | 44% | -30% | 79% | 19% | 15% | 83% | 355% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| LEDS Win Rate | 42% | 25% | 58% | 33% | 58% | 50% | |
| Peers Win Rate | 65% | 40% | 73% | 52% | 52% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LEDS Max Drawdown | -82% | -69% | -65% | -41% | -55% | -50% | |
| Peers Max Drawdown | -24% | -46% | -17% | -36% | -37% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WOLF, AVGO, OLED, AMAT, VECO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | LEDS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -60.8% | -9.5% |
| % Gain to Breakeven | 154.9% | 10.5% |
| Time to Breakeven | 506 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -22.1% | -6.7% |
| % Gain to Breakeven | 28.4% | 7.1% |
| Time to Breakeven | 17 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.7% | -33.7% |
| % Gain to Breakeven | 81.0% | 50.9% |
| Time to Breakeven | 14 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -42.1% | -19.2% |
| % Gain to Breakeven | 72.7% | 23.8% |
| Time to Breakeven | 99 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -51.9% | -3.7% |
| % Gain to Breakeven | 107.8% | 3.9% |
| Time to Breakeven | 146 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -38.8% | -12.2% |
| % Gain to Breakeven | 63.5% | 13.9% |
| Time to Breakeven | 125 days | 62 days |
In The Past
SemiLEDs's stock fell -9.6% during the 2025 US Tariff Shock. Such a loss loss requires a 10.6% gain to breakeven.
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| Event | LEDS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -60.8% | -9.5% |
| % Gain to Breakeven | 154.9% | 10.5% |
| Time to Breakeven | 506 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -22.1% | -6.7% |
| % Gain to Breakeven | 28.4% | 7.1% |
| Time to Breakeven | 17 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.7% | -33.7% |
| % Gain to Breakeven | 81.0% | 50.9% |
| Time to Breakeven | 14 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -42.1% | -19.2% |
| % Gain to Breakeven | 72.7% | 23.8% |
| Time to Breakeven | 99 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -51.9% | -3.7% |
| % Gain to Breakeven | 107.8% | 3.9% |
| Time to Breakeven | 146 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -38.8% | -12.2% |
| % Gain to Breakeven | 63.5% | 13.9% |
| Time to Breakeven | 125 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -61.7% | -6.8% |
| % Gain to Breakeven | 161.3% | 7.3% |
| Time to Breakeven | 157 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -50.0% | -0.2% |
| % Gain to Breakeven | 99.9% | 0.2% |
| Time to Breakeven | 2851 days | 1 days |
In The Past
SemiLEDs's stock fell -9.6% during the 2025 US Tariff Shock. Such a loss loss requires a 10.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About SemiLEDs (LEDS)
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Think of SemiLEDs as a specialized Intel for LED lighting, producing the core chips and components that power various light fixtures and advanced lighting systems.
SemiLEDs is like a behind-the-scenes version of Philips (Signify), manufacturing the specialized LED chips and components that other lighting companies use, as well as developing advanced LED systems for niche industrial and medical applications.
SemiLEDs is similar to Qualcomm, but instead of smartphone chips, it designs and manufactures essential LED chips and components for a wide range of lighting products and advanced industrial applications.
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- LED Chips: Fundamental light-emitting semiconductor devices sold in various colors (blue, white, green) and ultraviolet (UV) versions.
- LED Components: Packaged LED chips, sold to distributors for integration into various lighting solutions.
- LED Modules and Systems: Integrated units combining multiple LEDs and associated electronics for specific lighting applications.
- Lighting Products: Complete lighting devices and solutions for general applications (commercial, industrial, residential) and specialty uses (UV curing, medical/cosmetic, horticulture, architectural, entertainment).
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SemiLEDs (LEDS) sells primarily to other companies (B2B). Based on the provided background information, specific names of customer companies are not disclosed. However, the company's major customers can be identified by the following categories:
- Packagers and Distributors: SemiLEDs sells LED chips to packagers or distributors, and also packages and sells its LED chips into LED components to distributors.
- Original Design Manufacturers (ODMs) of Lighting Products: The company sells lighting products primarily to ODMs.
- End-users of Lighting Devices: SemiLEDs also sells lighting products to the end-users of lighting devices. These end-users are typically businesses or institutions for applications such as commercial, industrial, and residential lighting, as well as specialty industrial applications like UV curing, medical/cosmetic, horticulture, and architectural lighting.
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```htmlTrung Tri Doan, Chairman, President, and Chief Executive Officer
Mr. Doan founded SemiLEDs in January 2005. Before establishing SemiLEDs, he held the position of Corporate Vice President of Applied Global Services (AGS) Product group at Applied Materials, Inc. He previously served as the President and CEO of Jusung Engineering, Inc., a prominent semiconductor/LCD equipment company in Korea, and was also the Vice President of Process Development at Micron Technology Inc. Mr. Doan has been a board member for numerous public and private companies.
Christopher Lee, Chief Financial Officer
Mr. Lee has served as the Chief Financial Officer of SemiLEDs since November 2014. He brings over 20 years of experience in accounting and finance, with expertise in US GAAP, PCAOB standards, and SEC rules and regulations. Prior to joining SemiLEDs, Mr. Lee worked at "Big 4 CPA firms" such as KPMG and Arthur Andersen, and also served as Deputy Controller and Interim Chief Financial Officer at a NASDAQ-listed company. He holds a BS in accounting from Ohio State University and an MS in business taxation from Golden Gate University, and is a licensed CPA.
Chris Wang, Vice President of Administration
Mr. Wang has been a long-standing executive at SemiLEDs, serving as the Vice President of Administration since 2005.
Walter Michael Gough, Independent Director
Mr. Gough serves as an Independent Director on the Board of SemiLEDs.
Dr. Kuan Hsiung Hsieh, Independent Director
Dr. Hsieh is an Independent Director for SemiLEDs, contributing to the company's strategic direction.
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The key risks to SemiLEDs (LEDS) are as follows:-
Financial Instability and Going Concern Doubt: SemiLEDs has consistently incurred net losses and possesses a substantial accumulated deficit, raising significant doubt about its ability to continue as a going concern. The company may require additional financing, and an inability to secure it could lead to further downsizing or discontinuation of operations. This is further evidenced by a recent notice from Nasdaq stating that SemiLEDs no longer meets the minimum stockholders' equity requirement for continued listing.
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Market Volatility, Intense Competition, and Dependence on New Product Development: The LED market is characterized by rapid technological change, intense competition, and volatility in supply and demand. SemiLEDs' success is heavily reliant on its ability to continuously develop, introduce, and achieve market acceptance for new products and enhancements. A failure of LEDs to gain widespread adoption in the general lighting market or the emergence of alternative technologies could severely impact the company's prospects and profitability.
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Supply Chain and Geopolitical Risks: SemiLEDs faces risks related to its supply chain, as it depends on a limited number of suppliers for key raw materials like Red or IR LED chips, making it vulnerable to shortages and increased costs. Furthermore, a significant portion of its revenue is derived from equipment orders from China, and its operations are concentrated in Taiwan. These factors expose the company to potential disruptions from changes in buy-sell orders from China and geopolitical tensions between Taiwan and China.
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The increasing commercialization and competitive development of MicroLED technology poses a clear emerging threat. As MicroLEDs offer potential advancements in efficiency, brightness, and miniaturization compared to traditional LEDs, and major competitors invest heavily in their development and scaling, SemiLEDs could face erosion of market share in its general and specialty lighting applications if its current LED chip manufacturing capabilities and product portfolio are not competitive or adaptable to this evolving technology.
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SemiLEDs Corporation (LEDS) operates in several addressable markets related to LED chips, components, modules, and various lighting applications. Below are the estimated market sizes for these key products and services:
LED Chips
- The global LED chip market was valued at USD 27.37 billion in 2023 and is projected to reach USD 80.75 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of over 12.7% from 2024 to 2032. Another estimate places the global market at USD 34.6 billion in 2025, with a projection to reach USD 82.7 billion by 2034, at a CAGR of 9.86% from 2026 to 2034. The Asia Pacific region held the largest share of over 41% in this market in 2023.
LED Components
- The global LED components market was valued at $10.9 billion in 2025 and is projected to grow at a CAGR of 4.4% from 2025 to 2033. Another source indicates the global LED lighting components market was accounted for $45.15 billion in 2026 and is expected to reach $80.52 billion by 2034, growing at a CAGR of 7.5% during the forecast period.
LED Modules
- The global LED module market was valued at USD 6,154.11 million in 2025 and is anticipated to reach USD 8,886.67 million by 2033, expanding at a CAGR of 4.7% between 2026 and 2033. Another report estimated the market size at USD 29 billion in 2023, with a projection to reach USD 59 billion by 2032, at a CAGR of 8.3%.
General Lighting Applications (including commercial, industrial, and residential lighting)
- The global LED lighting market size was valued at USD 81.77 billion in 2024 and is expected to reach USD 230.02 billion by 2032, at a CAGR of 13.80%. Another assessment puts the global LED lighting market size at USD 106.90 billion in 2025, projected to reach USD 197.03 billion by 2033, growing at a CAGR of 8.0% from 2026 to 2033. The general lighting market, specifically the LED lighting segment, was valued at USD 91.69 billion in 2024. The Asia Pacific region dominated the LED lighting industry with a 39.9% revenue share in 2025.
Specialty Industrial Applications
Ultraviolet (UV) LED:
The global UV LED market was valued at $0.8 billion in 2023 and is projected to reach $3.8 billion by 2032, growing at a CAGR of 19.4% from 2024 to 2032. Other reports indicate the global UV LED market surpassed USD 2.16 billion in 2025 and is estimated to reach approximately USD 15.65 billion by 2034, with a CAGR of 24.62% from 2025 to 2034. Asia-Pacific holds the highest market share in the UV LED market. For UV-C LEDs, specifically relevant for germicidal and viricidal devices, the global market size was valued at USD 1.93 billion in 2025 and is projected to reach USD 14.34 billion by 2034, exhibiting a CAGR of 24.95% from 2026 to 2034.LED Lighting for Horticulture Applications:
The global horticulture lighting market was estimated at USD 6.26 billion in 2024 and is projected to reach USD 29.12 billion by 2033, growing at a CAGR of 18.9% from 2025 to 2033. Another source indicates the global horticulture lighting market size is accounted at USD 7.51 billion in 2025 and predicted to increase to approximately USD 35.75 billion by 2034, representing a CAGR of 18.94% from 2025 to 2034. North America held the largest share of the global horticulture lighting market in 2024, while Asia Pacific is expected to be the fastest-growing region.Architectural Lighting:
The global architectural LED products market size is expected to be valued at US$ 12.5 billion in 2025 and is estimated to reach US$ 23.6 billion in 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032). The broader architectural lighting market was estimated at USD 10,203.7 million in 2024 and is projected to reach USD 15,978.5 million by 2030, growing at a CAGR of 7.7% from 2025 to 2030. North America leads the architectural LED products market, accounting for approximately 38% of the share.LED Light Therapy in Medical/Cosmetic Applications:
The global LED hospital lighting market size was valued at USD 6.8 billion in 2024 and is projected to grow to USD 12.1 billion by 2032, exhibiting a CAGR of 7.2%. The global examination lights market, where LED is the dominant segment, was valued at USD 231.06 million in 2025 and is forecasted to reach USD 428.87 million by 2034, with a CAGR of 7.32% from 2026–2034. The shadowless surgical lights market, heavily dominated by LED technology, was valued at USD 1.71 billion in 2023 and is expected to grow to USD 2.46 billion by 2032, at a CAGR of 4.11% from 2024 to 2032.
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SemiLEDs Corporation (NASDAQ: LEDS) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives focusing on product innovation, market expansion, and specific application opportunities.
Here are the key expected drivers of future revenue growth for SemiLEDs:
- Launch and Growth of New Higher-Margin LED Products: SemiLEDs is actively developing and selling new higher-margin products, including its "Enhanced Vertical" LED product series (in blue, white, green, and UV) and other innovative LED products for various applications. Recent advancements, such as the I-Do LED chip and improvements in the EV-LED family, demonstrate a focus on enhancing brightness, efficiency, and reliability, making these chips suitable for demanding directional applications like street, tunnel, and indoor retail lighting. The company's strategy involves continuous cost reductions alongside the introduction of these new, more profitable offerings.
- Expansion in Specialty Industrial and Emerging LED Applications: The company expects continued commercial sales and growth of its UV LED products, which are crucial for specialty industrial applications such as UV curing of polymers, medical/cosmetic LED light therapy, counterfeit detection, germicidal/viricidal devices, and horticulture. SemiLEDs aims to expand its market share in these emerging LED applications, including precision horticultural systems. A subsidiary, TSLC Corporation, is also venturing into miniaturized sensor applications with the development of the world's smallest PPG sensor head for vital sensors, beauty applications, home healthcare, and nursing sectors, indicating a push into new, specialized markets.
- Strategic Utilization of Buy-Sell Purchase Orders for Equipment and Module Products: SemiLEDs has seen significant revenue contributions from buy-sell purchase orders of equipment and module products in recent quarters and anticipates more of these orders in the near future. While these orders can lead to revenue variations and affect gross margins, they have been a substantial driver of top-line growth.
- Leveraging Global Footprint and Customer Collaboration for Diverse Market Penetration: With manufacturing in Asia and sales offices in North America and Europe, SemiLEDs serves a broad range of markets. The company supplies LED components for commercial lighting fixtures and automotive lighting applications, working closely with original equipment manufacturers to integrate its packages into turnkey systems. This global operational structure and focus on customer collaboration enable SemiLEDs to target diverse applications, from large-scale greenhouse installations to architectural lighting projects, fostering growth within its existing geographical and application segments.
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Share Repurchases
- SemiLEDs Corporation has not reported any share repurchases over the last three months.
- As of November 30, 2021, the company reported no share repurchases.
Share Issuance
- Over the last year, insiders have collectively received approximately $8.11 million worth of shares.
- On July 10, 2025, the Chief Financial Officer was granted 8,000 restricted stock units (RSUs) as part of an equity compensation package.
Inbound Investments
- SemiLEDs has extended secured loan agreements with its chairman and CEO, Trung Doan, and major shareholder affiliate Simplot Taiwan Inc., pushing maturity dates from January 15, 2026, to January 15, 2027.
- For the Simplot Taiwan Inc. loan, SemiLEDs capitalized $364,924.63 of unpaid interest into the principal balance, increasing the new principal to $664,924.63.
Capital Expenditures
- In Q1 2026 (ended November 30, 2025), SemiLEDs invested $30,000 in capital expenditures, which was an increase of 42.9% from the prior quarter, primarily for funding long-term assets and infrastructure.
- The company's capital expenditures were $569,000 for a past period, absorbing a large share of its operating cash flow.
- SemiLEDs continues to invest in process improvements and automated assembly equipment to enhance production efficiency and quality control.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| SemiLEDs Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 84.47 |
| Mkt Cap | 4.5 |
| Rev LTM | 678 |
| Op Inc LTM | 126 |
| FCF LTM | 187 |
| FCF 3Y Avg | 135 |
| CFO LTM | 289 |
| CFO 3Y Avg | 227 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.3% |
| Rev Chg 3Y Avg | 2.9% |
| Rev Chg Q | -9.9% |
| QoQ Delta Rev Chg LTM | -2.5% |
| Op Inc Chg LTM | -9.7% |
| Op Inc Chg 3Y Avg | -2.1% |
| Op Mgn LTM | 17.3% |
| Op Mgn 3Y Avg | 29.6% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | 27.5% |
| CFO/Rev 3Y Avg | 27.9% |
| FCF/Rev LTM | 18.4% |
| FCF/Rev 3Y Avg | 21.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.5 |
| P/S | 7.0 |
| P/Op Inc | 35.5 |
| P/EBIT | 34.2 |
| P/E | 36.6 |
| P/CFO | 53.9 |
| Total Yield | 1.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.7% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.6% |
| 3M Rtn | 48.4% |
| 6M Rtn | 63.0% |
| 12M Rtn | 75.0% |
| 3Y Rtn | 154.3% |
| 1M Excs Rtn | -3.6% |
| 3M Excs Rtn | 36.3% |
| 6M Excs Rtn | 42.6% |
| 12M Excs Rtn | 50.3% |
| 3Y Excs Rtn | 76.0% |
Price Behavior
| Market Price | $1.90 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/09/2010 | |
| Distance from 52W High | -42.4% | |
| 50 Days | 200 Days | |
| DMA Price | $1.79 | $1.90 |
| DMA Trend | up | up |
| Distance from DMA | 6.3% | 0.0% |
| 3M | 1YR | |
| Volatility | 110.1% | 85.8% |
| Downside Capture | 442.00 | 310.43 |
| Upside Capture | 362.57 | 183.44 |
| Correlation (SPY) | 47.0% | 32.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 5.78 | 3.99 | 3.72 | 3.25 | 2.38 | 1.24 |
| Up Beta | 1.60 | 2.54 | 4.29 | 3.63 | 1.97 | 0.86 |
| Down Beta | 5.24 | 4.87 | 2.18 | 1.33 | 2.59 | 1.69 |
| Up Capture | 901% | 627% | 607% | 609% | 281% | 118% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 19 | 28 | 51 | 108 | 351 |
| Down Capture | 706% | 524% | 303% | 268% | 190% | 109% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 20 | 31 | 65 | 130 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEDS | |
|---|---|---|---|---|
| LEDS | -36.2% | 85.5% | -0.15 | - |
| Sector ETF (XLK) | 54.9% | 22.5% | 1.86 | 33.5% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 33.8% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 9.4% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -12.8% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 10.9% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 20.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEDS | |
|---|---|---|---|---|
| LEDS | -40.5% | 84.4% | -0.25 | - |
| Sector ETF (XLK) | 22.4% | 25.1% | 0.79 | 26.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 24.1% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 1.6% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 2.5% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 11.6% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 15.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEDS | |
|---|---|---|---|---|
| LEDS | -0.5% | 128.2% | 0.46 | - |
| Sector ETF (XLK) | 25.1% | 24.6% | 0.92 | 12.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 11.2% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 1.0% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 2.1% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 5.1% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 7.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/14/2026 | 0.8% | 14.9% | 95.0% |
| 1/14/2026 | 1.9% | -2.1% | -19.1% |
| 11/28/2025 | 8.9% | -16.3% | -31.7% |
| 7/11/2025 | -1.8% | -14.2% | -42.3% |
| 4/10/2025 | -6.5% | -5.6% | 0.5% |
| 1/10/2025 | -2.2% | 10.4% | 17.0% |
| 7/8/2024 | 0.0% | 1.5% | -2.2% |
| 4/3/2024 | 3.9% | -0.7% | 2.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 13 |
| # Negative | 14 | 15 | 9 |
| Median Positive | 3.3% | 9.5% | 17.0% |
| Median Negative | -4.5% | -5.6% | -20.9% |
| Max Positive | 13.7% | 18.7% | 95.0% |
| Max Negative | -11.1% | -38.3% | -46.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/14/2026 | 10-Q |
| 11/30/2025 | 01/14/2026 | 10-Q |
| 08/31/2025 | 11/28/2025 | 10-K |
| 05/31/2025 | 07/14/2025 | 10-Q |
| 02/28/2025 | 04/11/2025 | 10-Q |
| 11/30/2024 | 01/13/2025 | 10-Q |
| 08/31/2024 | 11/27/2024 | 10-K |
| 05/31/2024 | 07/11/2024 | 10-Q |
| 02/29/2024 | 04/12/2024 | 10-Q |
| 11/30/2023 | 01/12/2024 | 10-Q |
| 08/31/2023 | 11/28/2023 | 10-K |
| 05/31/2023 | 07/07/2023 | 10-Q |
| 02/28/2023 | 04/12/2023 | 10-Q |
| 11/30/2022 | 01/06/2023 | 10-Q |
| 08/31/2022 | 11/08/2022 | 10-K |
| 05/31/2022 | 07/12/2022 | 10-Q |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Semiconductors Resources |
| EE Times |
| Semiconductor Engineering |
| Semiconductor Digest |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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