SemiLEDs shares surge 13.4% premarket after Q1 revenue jumps 104% year-over-year despite wider loss.

SemiLEDs surged 13.40% in premarket trading following the release of its first-quarter fiscal 2026 financial results, which showed a narrowed net loss compared to the prior quarter and robust year-over-year revenue growth. The company reported $2.6 million in revenue, up from $1.26 million in the same period last year, though sequential revenue declined from $13.2 million. While the GAAP net loss widened to $0.09 per share from $0.08 a year earlier, it improved from a $0.15 loss in the previous quarter. The stock’s short-term technical strength—trading above its 20-day SMA and with a bullish MACD—alongside the improved quarterly performance, likely drove the premarket rally despite broader market caution.