GSI Technology (GSIT) AI Stock Analysis

• Market Cap: $282.43M
• Dividend Yield: N/A
• Average Volume (3M): 244.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.87
• Revenue Growth: 6.14%
• EPS Growth: 1.71%
• Country: US
• Employees: 148
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.08
• Shares Outstanding: 30,599,089
• 10 Day Avg. Volume: 347,615
• 30 Day Avg. Volume: 244,734
• PEG Ratio: 0.10
• Price to Book (P/B): 1.84
• Price to Sales (P/S): 2.53
• P/FCF Ratio: -3.98
• Enterprise Value/Market Cap: 0.27
• Enterprise Value/Revenue: 3.49
• Enterprise Value/Gross Profit: 6.64
• Enterprise Value/Ebitda: -5.72
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: $9.50 ▲(2.93% Upside)

GSI Technology's overall stock score reflects a challenging financial situation with persistent losses and negative cash flow. Despite positive technical indicators and some improvements noted in the earnings call, the negative valuation metrics and ongoing operational challenges weigh heavily on the stock's attractiveness.

GSI Technology Business Overview & Revenue Model

Company Description

GSI Technology, Inc. (GSIT) is a leading provider of high-performance semiconductor memory solutions, primarily focused on developing and manufacturing advanced memory products for the telecommunications, networking, and data processing sectors. The company specializes in SRAM (Static Random Access Memory) and other memory products that cater to the needs of various applications, including telecommunications systems, networking equipment, and industrial markets. GSI Technology is recognized for its innovative technologies and commitment to delivering high-quality, reliable memory solutions.

How the Company Makes Money

GSI Technology generates revenue primarily through the sale of its memory products, particularly SRAM devices, to a diverse range of customers in telecommunications, networking, and industrial sectors. The company operates on a business-to-business (B2B) model, supplying its products to original equipment manufacturers (OEMs) and other large clients who integrate these memory solutions into their own systems. Key revenue streams include direct sales of semiconductor memory devices, licensing agreements for its technology, and potential partnerships with larger technology firms that require specialized memory solutions. Additionally, GSI Technology pursues strategic partnerships and collaborations to enhance its product offerings and market reach, contributing to its overall earnings.

GSI Technology Financial Statement Overview

Summary

GSI Technology is facing significant challenges in revenue generation and profitability, with declining revenues and persistent losses. The balance sheet shows reasonable debt levels and a strong cash position, providing a buffer against operational challenges. However, the negative cash flows are a major concern, highlighting the need for strategic interventions to improve financial performance and ensure long-term viability.

Income Statement

GSI Technology has faced declining revenues over the past few years, with a significant drop in total revenue from $43.34M in 2020 to $20.52M in 2025. The company has consistently reported negative EBIT and net income, indicating ongoing operational challenges. Profit margins have been negative, reflecting difficulty in achieving profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio with total debt rising but still manageable relative to equity. Stockholders' equity has decreased over the years, suggesting potential concerns about financial stability. However, the equity ratio remains healthy, and the company maintains a strong cash position, which provides some financial flexibility.

Cash Flow

Operating cash flows have been consistently negative, which is concerning for long-term sustainability. The free cash flow has also been negative, indicating that the company is not generating enough cash to cover its capital expenditures. The firm has managed to maintain investing and financing activities but needs to improve cash flow generation to support growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.13M	20.52M	21.77M	29.69M	33.38M	27.73M
Gross Profit	11.63M	10.14M	11.82M	17.68M	18.54M	13.22M
EBITDA	-13.51M	-15.96M	-19.50M	-16.70M	-15.04M	-20.05M
Net Income	-13.93M	-10.64M	-20.09M	-15.98M	-16.37M	-21.50M
Balance Sheet
Total Assets	50.51M	43.32M	42.46M	59.88M	76.42M	87.61M
Cash, Cash Equivalents and Short-Term Investments	22.73M	13.43M	14.43M	30.57M	43.96M	53.95M
Total Debt	9.36M	9.64M	1.52M	651.00K	898.00K	699.00K
Total Liabilities	13.13M	15.09M	6.49M	8.50M	13.31M	12.02M
Stockholders Equity	37.37M	28.23M	35.97M	51.37M	64.45M	75.59M
Cash Flow
Free Cash Flow	-10.46M	-13.02M	-18.00M	-17.16M	-14.60M	-15.46M
Operating Cash Flow	-10.42M	-12.97M	-17.35M	-16.84M	-13.83M	-15.25M
Investing Cash Flow	22.00K	11.35M	2.76M	6.68M	4.20M	3.29M
Financing Cash Flow	11.36M	633.00K	1.81M	402.00K	2.37M	4.69M

GSI Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSIT, the sentiment is Positive. The current price of 9.23 is above the 20-day moving average (MA) of 6.33, above the 50-day MA of 4.50, and above the 200-day MA of 3.56, indicating a bullish trend. The MACD of 1.83 indicates Negative momentum. The RSI at 59.75 is Neutral, neither overbought nor oversold. The STOCH value of 48.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GSIT.

GSI Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MRAM	71 Outperform	$240.28M	139.74	2.76%	―	-11.27%	-9.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GSIT	55 Neutral	$282.43M	-17.05	-36.97%	―	6.14%	1.71%
MX	49 Neutral	$110.29M	―	-7.81%	―	4.09%	9.30%
PXLW	45 Neutral	$46.76M	-1.34	―	―	-44.05%	-2.33%
ATOM	42 Neutral	$99.17M	-4.74	-100.22%	―	-92.34%	8.99%
WOLF	41 Neutral	$838.27M	―	-739.86%	―	―	―

GSI Technology Corporate Events

GSI Technology Announces $50M Securities Purchase Agreement

On October 21, 2025, GSI Technology announced a securities purchase agreement with an institutional investor for a registered direct offering of common stock and pre-funded warrants, expected to close on October 22, 2025. The offering aims to raise approximately $50 million, which will be used for general corporate purposes, including the development of the company’s APU product line, potentially enhancing its market position in AI and high-performance computing.

The most recent analyst rating on (GSIT) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on GSI Technology stock, see the GSIT Stock Forecast page.

GSI Technology Announces Board and Committee Changes

On August 21, 2025, GSI Technology, Inc. announced changes to its Board of Directors’ committees, appointing Ronald R. Steger as chair of the Audit Committee and Ruey L. Lu as chair of the Nominating and Corporate Governance Committee. Elizabeth Cholawsky was designated as lead director. During the annual stockholders’ meeting on the same day, the election of five directors was confirmed, and BDO USA, P.C. was ratified as the independent registered public accounting firm for the fiscal year ending March 31, 2025. Additionally, an advisory resolution on executive compensation was approved.

The most recent analyst rating on (GSIT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on GSI Technology stock, see the GSIT Stock Forecast page.

GSI Technology’s Earnings Call: Growth Amid Challenges

The recent earnings call for GSI Technology painted a mixed picture of the company’s financial health and future prospects. While there was notable revenue growth and improvements in profitability, these positive aspects were tempered by ongoing supply chain challenges, decreased defense and military sales, and a concerning net loss. Overall, the sentiment was cautiously optimistic, with the company’s achievements slightly overshadowed by the hurdles it faces.

GSI Technology Reports Strong Q1 Growth and AI Advancements

GSI Technology, Inc., a leader in AI and edge computing solutions, has reported its financial results for the first quarter of fiscal year 2026, highlighting significant growth in SRAM revenue and improved gross margins. The company, known for its innovative APU technology, continues to make strides in the AI sector with its Gemini-II chip now production-ready.

GSI Technology Reports Strong Q1 2026 Financial Results

On July 31, 2025, GSI Technology announced its financial results for the first quarter of fiscal year 2026, reporting net revenues of $6.3 million, a 35% increase year-over-year. The company saw a gross margin increase to 58.1%, attributed to a favorable product mix and higher revenue impact on fixed costs. The cash balance rose to $22.7 million, partly due to proceeds from an ATM program. GSI Technology delivered an APU Leda-2 board to a defense contractor and is developing a multi-modal LLM for edge applications, with benchmark results expected by fall 2025. The company completed the evaluation of its Gemini-II chip, confirming it is production-ready, and optimized SAR and YOLO algorithms for a low-power Leda board. Despite a net loss of $2.2 million for the quarter, GSI Technology’s advancements in AI technology position it well for future growth.