SemiLEDs Corp
semileds.comWhat Do They Do?
Buys and resells equipment, and sells LED products and systems to equipment customers, distributors, and lighting or industrial businesses.
10-K for FY2025, filed Nov 28, 2025In the year ended August 31, 2025, we derived the significant majority of our revenues from the purchase and sale of equipment from vendors…View ↗
In the year ended August 31, 2025, revenues attributable to other revenues, which were primary related to buy-sell purchase orders of…View ↗
We develop, manufacture and sell light emitting diode (LED) chips and LED components, LED modules and systems. Our products are used for…View ↗
We package our LED chips into LED components, which we sell to distributors and a customer base that is heavily concentrated in a few…View ↗
To differentiate ourselves from other LED package manufacturers, we are putting more resources towards module and system design. Along with…View ↗
How Do They Make Money?
Customers place fixed-price orders for equipment and LED products; SemiLEDs records sales when the goods ship.
10-K for FY2025, filed Nov 28, 2025Revenue Recognition — Effective September 1, 2018, the Company adopted ASC 606 using the modified retrospective transition method. The…View ↗
In the year ended August 31, 2025, we derived the significant majority of our revenues from the purchase and sale of equipment from vendors…View ↗
In the year ended August 31, 2025, revenues attributable to other revenues, which were primary related to buy-sell purchase orders of…View ↗
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10-K for FY2025, filed Nov 28, 2025
FY2025 revenue by product or service (Revenue from Contract with Customer, Excluding Assessed Tax) ↗
$43M
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10-K for FY2025, filed Nov 28, 2025
$43M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
LED chips
Sold outright
|
0.4%
FY2022: 2.4%
|
LED chips, FY2025
$149K Sources
|
Sold outright |
|
LED components
Sold outright
|
4.8%
FY2022: 69%
|
LED components, FY2025
$2.1M Sources
|
Sold outright |
|
Lighting products
Sold outright
|
0.5%
FY2022: 7.6%
|
Lighting products, FY2025
$228K Sources
|
Sold outright |
|
Other
Sold outright
10-K for FY2025, filed Nov 28, 2025 |
94%
FY2022: 21%
|
Other, FY2025
$40.6M Sources
|
Sold outright |
Who Are Their Customers?
LED chips go to packaging customers or distributors, while LED components go to distributors and end customers. Lighting products are sold to lighting makers and end users; module and system sales are mainly direct to end customers.
10-K for FY2025, filed Nov 28, 2025We package our LED chips into LED components, which we sell to distributors and a customer base that is heavily concentrated in a few…View ↗
We design, assemble and sell lighting fixtures and systems for general lighting applications, including commercial, residential and…View ↗
We market and sell our products through both our direct sales force and distributors. We primarily sell our LED components to distributors…View ↗
We package our LED chips into LED components, which we sell to distributors and end-customers in selected markets. In addition, we sell a…View ↗
10-K for FY2025, filed Nov 28, 2025
Years Ended August 31, 2025 2024 % of % of Customers Amount Revenues Amount Revenues Customer A $ 25,168 59 % $ — 0 % Customer B 12,929 30…View ↗
Do Revenues Turn Into Profits?
No. It lost $1.1M in FY2025.
10-K for FY2025, filed Nov 28, 2025
10-K for FY2025, filed Nov 28, 2025
−$1.1MView ↗
How Are They Changing?
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Jul 27, 2026
SemiLEDs appointed DLEE as its new independent auditor
The YCM engagement expired, and the audit committee engaged DLEE.
Sources
8-K, filed Jul 27, 2026
Following the expiration of the engagement with YCM CPA INC. (“YCM”), the Company’s independent registered public accounting firm, on July…View ↗
Growing. Revenue grew 9.1x in 4 years, from $4.7M in FY2021 to $43M in FY2025, about 74% a year.
Equipment resale
The latest report adds buy-sell equipment orders alongside its LED chip, component, module and system business.
10-K for FY2022, filed Nov 8, 2022 10-K for FY2025, filed Nov 28, 2025We develop, manufacture and sell light emitting diode (LED) chips and LED components, LED modules and systems. Our products are used for…View ↗
We package our LED chips into LED components, which we sell to distributors and a customer base that is heavily concentrated in a few…View ↗
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