GSI Technology Inc

United States

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GSI Technology Posts Wider Q1 Loss on Higher R&D Spending

GSI Technology reported a first-quarter fiscal 2027 net loss of 13 cents per share, wider than the 8-cent loss a year earlier, as rising research and development expenses drove operating costs higher. Revenue edged up 0.5% to $6.3 million, while gross margin fell to 53.4% from 58.1% due to product mix. Operating expenses jumped to $8.8 million from $5.8 million, resulting in an operating loss of $5.4 million compared with $2.2 million in the prior-year period. The company highlighted stable SRAM demand and progress in commercializing its Gemini-II AI platform, including a U.S. Army Phase II SBIR program and plans to release an AI-assisted software development kit in September. For the second quarter, GSI expects net revenue between $5.7 million and $6.5 million with gross margin of approximately 53% to 55%.

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GSIT · Capital · Negative Wider Q1 loss and lower gross margin due to higher R&D spending and product mix.

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GSI Technology guides Q2 revenue of $5.7 million to $6.5 million and targets Plato tape-out in March 2027

GSI Technology provided second-quarter revenue guidance of $5.7 million to $6.5 million with gross margin of approximately 53% to 55%, while confirming its next-generation Plato chip remains on schedule for tape-out in March 2027. The company reported first-quarter revenue of $6.3 million at a gross margin of 53.4%, an operating loss of $5.4 million, and ended the period with $77 million in cash and no debt. Management highlighted that the Gemini-II production chip is now ready for customers, with proof-of-concept projects advancing in areas such as the Sentinel drone program, where lab tests achieved a time-to-first-token of 2.4 seconds, and the Hsinchu County Smart City project, which is on track to complete Phase 1 deployment in November. An AI-assisted software development kit is targeted for alpha release this fall, and the company expects to use approximately $4 million of cash per quarter going forward.

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GSIT · Technology · Positive Plato chip tape-out on schedule for March 2027 and Gemini-II production chip ready for customers with proof-of-concept projects advancing.

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GSI Technology to Announce Fiscal First Quarter 2027 Results on July 30

GSI Technology will announce its fiscal first quarter 2027 financial results after the market close on Thursday, July 30, 2026. The results cover the period ended June 30, 2026. Management will hold a conference call at 1:30 p.m. Pacific time that day to discuss the results and the outlook for the second quarter of fiscal 2027. The call can be accessed by dialing 1-877-407-3982 in the U.S. or 1-201-493-6780 internationally with Conference ID 13761498, and a live webcast will be available on the company's investor relations website. A replay will be available from July 30 at 7:30 p.m. Eastern Time through August 6 at 11:59 p.m. Eastern Time.

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GSIT · Capital · Neutral Announcement of earnings release date and conference call; no actual results or guidance provided.

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