Key Highlights

● Quarter ended 30 June 2026 revenue was about US$6.3 million at a 53.4% gross margin.

● Fiscal 2026 revenue rose 22.4% to US$25.12 million; net loss was US$13.25 million.

● GSI won a Phase II US Army xTech contract of just under US$2.0 million.

● Gemini-II is moving toward production, with defence and Smart City proof-of-concept projects.

Latest verified development

GSI Technology, Inc. (NASDAQ:GSIT) designs memory chips and associative processing units (APUs) for similarity search, with memory solutions for networking, industrial, test equipment, medical, aerospace and military customers. It has 125 employees. Its latest financial disclosure is the first-quarter fiscal 2027 report of 30 July 2026.

Recent company items are largely conference appearances, including the Nasdaq and LD Micro Summit Series on 9 September, the Needham semiconductor conference on 19 August and a Canaccord Genuity growth conference, which the company used to discuss its roadmap.

Latest reported results

Revenue for the quarter ended 30 June 2026 was about US$6.3 million with a 53.4% gross margin, according to the earnings call summary.

For fiscal 2026, which ended in March, revenue was US$25.12 million, up 22.4% from US$20.52 million, and the net loss was US$13.25 million, 24.5% larger than the prior year's loss. Trailing twelve-month revenue is US$25.15 million, with a net loss of US$15.82 million.

Quarterly revenue of roughly US$6.3 million annualises to about US$25 million, close to the trailing figure.

Strategy and contracts

The company is trying to move from its legacy static memory (SRAM) business toward edge AI, built around its Gemini-II APU platform. A conference transcript summary says Gemini-II is moving toward production, with defence and Smart City proof-of-concept projects. The 26 May release says the company is advancing commercialisation of the platform.

Recent awards include a Phase II US Army xTech Small Business Innovation Research contract of just under US$2.0 million, announced on 28 April, to develop a ruggedised edge AI platform, and a Phase I Smart City project in Taiwan announced on 18 May. Both are small relative to the company's trailing net loss, so they are better read as signs of customer engagement than as revenue drivers. Phase I awards are typically early-stage feasibility work.

Russell 2000 preliminary list

On 26 May GSI said it was on the preliminary list of additions to the Russell 2000 Index, with final membership expected at the end of trading on 26 June.

Gemini-II production orders versus the loss

The strategy rests on Gemini-II moving from proofs of concept in defence and Smart City projects to production orders, alongside the revenue and gross margin levels set in the first quarter of fiscal 2027.

Against trailing twelve-month revenue of US$25.15 million, the trailing net loss is US$15.82 million.