GSI Technology, Inc.
11.60+0.17 (+1.49%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · GSIT · USD
Key Stats
Market Cap
354.95MP/E (TTM)
-Basic EPS (TTM)
-0.54Dividend Yield
0%Recent Filings
8-K
Preliminary Q2 revenue at $6.4M
GSI Technology disclosed preliminary unaudited results for the three and six months ended September 30, 2025, showing net revenue of $6.4 million and $12.7 million, respectively, with a 54.8% gross margin in the quarter. These figures stem from management estimates amid ongoing financial closing, subject to potential material changes. Revenue dipped from prior periods. Risks loom from customer concentration and market volatility.
8-K
GSI prices $50M stock offering
GSI Technology inked a $50 million registered direct offering on October 21, 2025, selling 1.5 million shares at $10 each and pre-funded warrants for 3.5 million more at $9.99, closing October 22. Funds will fuel APU product development alongside existing cash. Yet a 60-day lockup curbs further equity moves. This bolsters AI innovation runway.
8-K
Board committee reshuffle announced
GSI Technology refreshed its board committees on August 21, 2025, appointing new director Ronald R. Steger as Audit Committee chair alongside Elizabeth Cholawsky and Haydn Hsieh, while Ruey L. Lu took the helm of the Nominating and Corporate Governance Committee. At the annual stockholder meeting that day, all five director nominees sailed through with strong support, BDO USA's auditor role was ratified overwhelmingly, and executive pay drew solid advisory approval. This lineup sharpens governance oversight. Committees now align tightly with fresh perspectives.
10-Q
Q1 FY2026 results
GSI Technology posted Q1 FY2026 net revenues of $6.3 million, up 34.5% year-over-year from $4.7 million, driven by a richer product mix favoring higher-margin SRAM sales to Cadence Design Systems, though Nokia and KYEC shipments dipped. Gross margin expanded to 58.1% from 46.3%, yet R&D and SG&A costs yielded an operating loss of $2.2 million, versus a $1.1 million profit last year absent the prior sale-leaseback gain. Cash swelled to $22.7 million, bolstered by $10.8 million from an at-the-market equity offering, with no debt and free cash flow not disclosed in the 10-Q. Government contracts offset $543,000 in R&D expenses. The evolving military conflict in Israel poses risks to software development operations.
8-K
GSI Q1 revenues surge 35%
GSI Technology reported Q1 fiscal 2026 net revenues of $6.3 million, up 35% year-over-year and 7% sequentially, driven by AI processor demand for its SRAM chips. Gross margin climbed to 58.1% from 46.3% last year, thanks to favorable product mix, while operating loss narrowed to $2.2 million amid $5.8 million in expenses. Cash swelled to $22.7 million, boosted by ATM proceeds; Gemini-II chip is now production-ready. Q2 revenues eyed at $5.9-$6.7 million. Customer concentration risks persist.
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