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GSI Technology, Inc.

GSI Technology, Inc.

NASDAQ•GSIT
CEO: Mr. Lee-Lean Shu
Sector: Technology
Industry: Semiconductors
Listing Date: 2007-03-29
GSI Technology, Inc. designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company offers associative processing unit products, which focuses on applications using similarity search in visual search queries for e-commerce, computer vision, drug discovery, cyber security, and service markets. It also provides static random access memory (SRAM) products, such as SyncBurst, NBT, SigmaQuad, and SigmaDDR that features high density, high transaction rate, high data bandwidth, low latency, and low power consumption. In addition, the company offers radiation-hardened and radiation-tolerant SRAMs for military/defense and aerospace applications, such as networking satellites and missiles. Its products are used as components in its original equipment manufacturer customers' products, including routers, switches, and other networking and telecommunications products; military and aerospace applications, such as radar and guidance systems and satellites; test and measurement applications consisting of high-speed testers; automotive applications comprising smart cruise control; medical applications, including ultrasound and CAT scan equipment; and audio/video processing. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.
Contact Information
1213 Elko Drive, Sunnyvale, CA, 94089, United States
408-331-8800
gsitechnology.com
Market Cap
$224.62M
P/E (TTM)
-21.2
64.2
Dividend Yield
--
52W High
$18.15
52W Low
$1.62
52W Range
41%
Rank56Top 81.7%
2.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$6.44M+41.63%
4-Quarter Trend

EPS

-$0.11-47.62%
4-Quarter Trend

FCF

-$906.00K-74.01%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Revenue Growth Strong Net revenues for six months reached $12.7M USD, marking a strong 38.0% increase over prior period results.
Gross Margin Expansion Noted Gross profit improved significantly to $7.2M USD, expanding margin to 56.4% from 42.5% year-over-year.
Cash Position Bolstered Cash and equivalents increased to $25.3M USD by period end, bolstered by recent equity financing activities.
R&D Spending Reduced Research and development expenses decreased 23.7% to $6.9M USD for the six months ended September 30, 2025.

Risk Factors

Customer Concentration Risk High Top customers like KYEC and Nokia drive significant revenue; reductions severely impact operating results and forecasts.
Macroeconomic Headwinds Persist Inflation, tariffs, and geopolitical tensions expected to negatively impact demand and general economic activity through fiscal 2026.
New Product Execution Risk Success hinges on commercializing new APU products; failure risks cash shortfalls and operational harm.
Single Source Supply Dependency Reliance on TSMC for wafers and ASE for packaging creates supply chain vulnerability and potential cost increases.

Outlook

APU Transformation Focus Strategy centers on shifting revenue generation to new in-place associative computing products and services over time.
Liquidity Sufficient Short Term Existing cash balances are believed sufficient to cover working capital and capital expenditures for at least the next 12 months.
Government Funding Reliance Continued R&D success depends on timely funding and execution of ongoing U.S. government prototype agreements.
Future Capital Needs Possible May require additional equity or debt financing in the future, which could result in stockholder dilution.

Peer Comparison

Revenue (TTM)

Magnachip Semiconductor CorporationMX
$201.33M
-8.3%
Golden Matrix Group, Inc.GMGI
$179.14M
+44.0%
Nerdy, Inc.NRDY
$177.87M
-9.9%

Gross Margin (Latest Quarter)

Nerdy, Inc.NRDY
62.9%
-7.6pp
Wrap Technologies, Inc.WRAP
59.2%
+19.6pp
Golden Matrix Group, Inc.GMGI
55.8%
+1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
OSS$259.86M-33.7-26.1%15.1%
ASYS$236.46M-7.8-50.8%19.7%
GSIT$224.62M-21.2-34.8%17.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.0%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $6.44M+41.6%
    |
    EPS: $-0.11-47.6%
    N/A
  • Form 10-Q - Q1 2026

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $6.28M+34.5%
    |
    EPS: $-0.08-293.4%
    N/A
  • Form 10-K - FY 2025

    Period End: Mar 31, 2025|Filed: Jun 18, 2025|
    Revenue: $20.52M-5.7%
    |
    EPS: $-0.42+47.5%
    N/A
  • Form 10-Q - Q3 2025

    Period End: Dec 31, 2024|Filed: Feb 10, 2025|
    Revenue: $5.41M+1.8%
    |
    EPS: $-0.16-38.5%
    N/A
  • Form 10-Q - Q2 2025

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $4.55M-20.3%
    |
    EPS: $-0.21+31.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $4.67M-16.4%
    |
    EPS: $0.04-120.2%
    Miss
  • Form 10-K - FY 2024

    Period End: Mar 31, 2024|Filed: Jun 13, 2024|
    Revenue: $21.77M-26.7%
    |
    EPS: $-0.80-23.1%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Dec 31, 2023|Filed: Feb 2, 2024|
    Revenue: $5.32M-17.5%
    |
    EPS: $-0.26+30.0%
    Miss