GSI Technology (NASDAQ:GSIT) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

GSI Technology (NASDAQ:GSIT) issued its quarterly earnings data on Thursday. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06, FiscalAI reports. The firm had revenue of $6.32 million for the quarter, compared to the consensus estimate of $7.30 million. GSI Technology had a negative net margin of 43.15% and a negative return on equity of 22.69%.

Here are the key takeaways from GSI Technology’s conference call:

• SRAM remained the company’s revenue foundation, growing 22% in FY2026 to $25.1M with gross margin rising to ~54.5%; GSI finished Q4 with $67.2M in cash and no debt, providing runway for APU development.
• Gemini‑II has early technical and program-level validation — a Sentinel drone POC achieved ~3s time‑to‑first‑token at ~30W, the company won that contract, moved a U.S. Army SBIR into Phase II, and secured a Phase‑1 smart‑city award.
• Operating expenses increased to $31.2M (from $21M) driven by R&D (Plato), producing a $17.5M operating loss; management expects cash usage of roughly $4M per quarter, raising near‑term spending risk despite the improved cash balance.
• Management says the Plato tape‑out remains on schedule for early 2027 calendar year with first wafers in summer 2027, and that Plato will leverage Gemini‑II software work to try to accelerate commercialization.

GSI Technology Stock Performance

Shares of GSIT stock traded down $0.66 during midday trading on Thursday, reaching $8.14. 1,490,971 shares of the company were exchanged, compared to its average volume of 1,141,123. GSI Technology has a 12 month low of $2.82 and a 12 month high of $18.15. The company has a market cap of $294.59 million, a P/E ratio of -22.00 and a beta of 1.94. The company’s 50 day moving average price is $6.92 and its two-hundred day moving average price is $7.26.

Insider Buying and Selling

In related news, VP Patrick T. Chuang sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $8.37, for a total value of $167,400.00. Following the sale, the vice president directly owned 15,166 shares in the company, valued at $126,939.42. The trade was a 56.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Bor-Tay Wu sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $8.66, for a total transaction of $346,400.00. Following the completion of the sale, the vice president owned 912,500 shares in the company, valued at $7,902,250. The trade was a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 127,251 shares of company stock worth $1,187,290 in the last ninety days. 25.40% of the stock is currently owned by corporate insiders.

Institutional Trading of GSI Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC bought a new stake in shares of GSI Technology in the 4th quarter worth approximately $285,000. Barclays PLC purchased a new position in shares of GSI Technology in the fourth quarter worth approximately $170,000. OMERS ADMINISTRATION Corp purchased a new position in shares of GSI Technology in the fourth quarter worth approximately $127,000. Algert Global LLC purchased a new position in shares of GSI Technology in the third quarter worth approximately $88,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of GSI Technology in the fourth quarter worth approximately $81,000. 33.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of GSI Technology in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GSI Technology currently has a consensus rating of “Sell”.

About GSI Technology

GSI Technology, Inc is a fabless semiconductor company specializing in the design and development of high-performance memory products. Headquartered in Sunnyvale, California, the company was founded in 1995 and has focused its efforts on content addressable memory (CAM) and high-speed SRAM (static random-access memory) solutions. As a publicly traded company listed on NASDAQ under the ticker GSIT, GSI Technology leverages advanced architectures to meet demanding data-processing requirements.

The company’s core product portfolio includes ternary CAM (TCAM) devices, binary CAM (BCAM) devices and high-speed synchronous SRAM.