Key Highlights

  • GSI Technology will report fiscal second-quarter 2027 results on 5 November 2026.
  • First-quarter net Revenue was $6.3 million, flat year on year, with a net loss of $4.8 million, or $0.13 per diluted share.
  • Cash and equivalents rose to $77.0 million, helped by about $9.3 million of net proceeds from an at-the-market offering.

A scheduled report

GSI Technology, Inc. (NASDAQ:GSIT) announced on 22 October 2026 that it will report fiscal second-quarter 2027 results on 5 November 2026. As those figures are not yet available, this article reviews the first-quarter report published on 30 July 2026, covering the quarter ended 30 June, and the guidance the company gave.

First-quarter results

Net revenue was $6.3 million, flat on both the year-earlier quarter and the preceding quarter. Gross Margin was 53.4%, down from 58.1% a year earlier but up from 52.4% in the prior quarter. The company attributed the annual decline mainly to product mix.

Operating expenses were $8.8 million, with Research and Development at $5.9 million against $3.1 million a year earlier, mainly because of external design services for the Plato processor. The operating loss widened to $5.4 million from $2.2 million, and the net loss was $4.8 million, or $0.13 per diluted share, against $0.08 a year earlier.

Customers, cash and funding

The largest customer was KYEC at $1.0 million, or 16.1% of revenue, followed by Cadence Design Systems at 7.4% and Nokia at 4.9%. Military and defence sales were 31.3% of shipments. Customer concentration of this kind can make quarterly revenue lumpy.

Cash and equivalents rose to $77.0 million from $67.2 million at 31 March, although Operating Activities used $3.9 million. Financing provided $14.0 million, including about $9.3 million of net proceeds from an at-the-market offering and $4.8 million from employee option exercises. The cash increase came from raising Capital rather than from operations. Working Capital was $80.0 million and stockholders' Equity $91.9 million.

Product milestones and guidance

CEO Lee-Lean Shu said the focus on Gemini-II had shifted to commercialisation after its performance per watt was validated. The company reported that Phase I of the Smart City deployment was on schedule for completion in November 2026, the AI-assisted software development kit was on track for release in September 2026, and Plato remained on schedule for tape-out in March 2027. It said the Sentinel laboratory phase was complete with favourable feedback, and that radiation testing of a standard commercial Gemini-II device showed normal operation at aerospace-representative levels. The company has not quantified the revenue these projects might generate.

For the second fiscal quarter, GSI guided to net revenue of $5.7 million to $6.5 million and gross margin of about 53% to 55%. These are forecasts. The midpoint of $6.1 million is roughly 3 per cent below the first quarter.

What to watch

On 5 November, relevant measures include revenue against guidance, gross margin, research spending, cash use, any further at-the-market sales, and delivery of the November Smart City milestone.