LEDS 8-K/A
SemiLEDs Corp (LEDS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Explanatory Note
This Amendment No. 1 on Form 8-K/A (this "Amendment") is being filed by SemiLEDs Corporation (the “Company”) solely to correct a clerical error on the cover page of the Company’s Current Report on Form 8-K originally filed with the Securities and Exchange Commission on July 14, 2026 (the "Original Filing").
On the cover page of the Original Filing, the box for Item 4.01 (Changes in Registrant's Certifying Accountant) was inadvertently checked. The Company notes that no event occurred that would require disclosure under Item 4.01, and the Company has not changed its certifying accountant. The Original Filing did not contain, and this Amendment does not contain, any substantive disclosure under Item 4.01.
Except for the correction of this clerical error on the cover page, no other changes have been made to the Original Filing.
Item 2.02. Results of Operations and Financial Condition.
On July 14, 2026, SemiLEDs Corporation issued a press release announcing its preliminary financial results for the third quarter ended May 31, 2026.
Such information is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: July 14, 2026 |
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SemiLEDs Corporation |
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By: |
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/s/ Christopher Lee |
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Name: |
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Christopher Lee |
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Title: |
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Chief Financial Officer |
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Exhibit 99.1
SemiLEDs Reports Third Quarter Fiscal Year 2026
Financial Results
Hsinchu, Taiwan (July 14, 2026)— SemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, today announced its financial results for the third quarter of fiscal year 2026, ended May 31, 2026.
Revenue for the third quarter of fiscal 2026 was $9.1 million, compared to $1.1 million in the second quarter of fiscal 2026. GAAP net income attributable to SemiLEDs stockholders for the third quarter of fiscal 2026 was $1.5 million, or $0.18 per diluted share, compared to a net loss of $603 thousand, or $(0.07) per diluted share, in the second quarter of fiscal 2026.
GAAP gross margin for the third quarter of fiscal 2026 was 27%, compared to 1% for the second quarter of fiscal 2026. Operating margin for the third quarter of fiscal 2026 was 16%, compared with negative 79% for the second quarter of fiscal 2026. The Company’s cash and cash equivalents were $6.0 million at May 31, 2026, compared to $4.0 million at the end of the second quarter of fiscal 2026.
Our revenue was higher in the third quarter of fiscal 2026 compared to the second quarter of fiscal 2026, due to the increase of buy-sell purchase orders of equipment. We anticipate more buy-sell purchase orders in the fourth quarter of fiscal 2026.
About SemiLEDs
SemiLEDs develops and manufactures LED chips and LED components for general lighting applications, including street lights and commercial, industrial, system and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting and entertainment lighting. SemiLEDs sells blue, white, green and UV LED chips.
1
Forward Looking Statements
This press release contains statements that may constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including any statements regarding the expectation of buy-sell orders in the second half of fiscal 2026; any statements about historical results that may suggest trends for SemiLEDs’ business; any statements of the plans, strategies and objectives of management for future operations; any statements of expectation or belief regarding recovery of the LED industry, market opportunities and other future events or technology developments; any statements regarding SemiLEDs’ position to capitalize on any market opportunities; and any statements of assumptions underlying any of the foregoing. These forward-looking statements are based on current expectations, estimates, forecasts and projections of future SemiLEDs’ or industry performance based on management’s judgment, beliefs, current trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. SemiLEDs’ Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) and other SemiLEDs filings with the SEC (which you may obtain for free at the SEC’s website at http://www.sec.gov) discuss some of the important risks and other factors that may affect SemiLEDs’ business, results of operations and financial condition. SemiLEDs undertakes no intent or obligation to publicly update or revise any of these forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Christopher Lee |
Chief Financial Officer |
SemiLEDs Corporation |
+886-37-586788 |
2
SEMILEDS CORPORATION AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(In thousands of U.S. dollars)
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May 31, |
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February 28, |
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2026 |
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2026 |
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ASSETS |
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CURRENT ASSETS: |
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Cash and cash equivalents |
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$ |
5,978 |
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$ |
3,978 |
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Accounts receivable (including related parties), net |
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2,193 |
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1,649 |
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Inventories, net |
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4,739 |
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4,885 |
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Prepaid expenses and other current assets |
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960 |
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1,937 |
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Total current assets |
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13,870 |
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12,449 |
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Property, plant and equipment, net |
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2,263 |
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2,353 |
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Operating lease right of use assets |
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1,007 |
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1,047 |
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Intangible assets, net |
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106 |
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110 |
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Investments in unconsolidated entities |
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47 |
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49 |
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Other assets |
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250 |
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252 |
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TOTAL ASSETS |
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$ |
17,543 |
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$ |
16,260 |
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES: |
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Current installments of long-term debt |
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$ |
1,262 |
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$ |
1,265 |
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Accounts payable |
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4,874 |
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2,157 |
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Accrued expenses and other current liabilities |
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6,057 |
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8,924 |
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Other payable to related parties |
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1,187 |
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1,170 |
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Operating lease liabilities, current portion |
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107 |
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127 |
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Total current liabilities |
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13,487 |
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13,643 |
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Long-term debt, excluding current installments |
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77 |
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193 |
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Operating lease liabilities, less current portion |
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900 |
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920 |
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Total liabilities |
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14,464 |
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14,756 |
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Commitments and contingencies |
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SHAREHOLDERS‘ EQUITY: |
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Common stock |
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— |
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— |
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Additional paid-in capital |
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189,063 |
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189,020 |
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Accumulated other comprehensive income |
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3,649 |
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3,640 |
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Accumulated deficit |
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(189,633 |
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(191,156 |
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Total shareholders' equity |
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3,079 |
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1,504 |
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TOTAL LIABILITIES AND EQUITY |
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$ |
17,543 |
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$ |
16,260 |
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3
SEMILEDS CORPORATION AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(In thousands of U.S. dollars and shares, except per share data)
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Three Months Ended |
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May 31, 2026 |
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February 28, 2026 |
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Revenues, net |
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$ |
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9,074 |
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$ |
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1,064 |
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Cost of revenues |
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6,614 |
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1,058 |
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Gross profit |
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2,460 |
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6 |
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Operating expenses: |
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Research and development |
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363 |
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276 |
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Selling, general and administrative |
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681 |
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575 |
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Gain on disposals of long-lived assets, net |
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1 |
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— |
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Total operating expenses |
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1,045 |
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851 |
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Income (loss) from operations |
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1,415 |
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(845 |
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Other income (expenses): |
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Investment loss from unconsolidated entities |
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(2 |
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(6 |
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Interest expenses, net |
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(10 |
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(22 |
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Other income, net |
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270 |
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275 |
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Foreign currency transaction (loss) gain, net |
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(150 |
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(5 |
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Total other income, net |
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108 |
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242 |
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Income (loss) before income taxes |
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1,523 |
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(603 |
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Income tax expense |
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— |
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— |
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Net income (loss) |
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$ |
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1,523 |
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$ |
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(603 |
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Net income (loss) per share |
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Basic and diluted |
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$ |
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0.18 |
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$ |
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(0.07 |
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Weighted average number of ordinary shares outstanding |
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Basic and diluted |
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8,264 |
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8,225 |
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4