GSI Technology (GSIT)
NASDAQ:GSIT
Want to see GSIT full AI Analyst Report?
Top Page
GSI Technology
(NASDAQ:GSIT)
Select Model
Select Model
Rating:48Neutral
Price Target:
$8.00
▲(32.01% Upside)
Action:Reiterated
Date:06/06/26
The score is held back primarily by weak financial performance (ongoing losses and cash burn despite improved revenue/margins). Technicals are mixed with only modest momentum support, and valuation lacks support due to negative earnings and no dividend. Offsetting factors come from the earnings call: solid cash runway with no debt, stable near-term guidance, and progress/validation on Gemini II and PLATO.
Positive Factors
Revenue & Margin Improvement
A 22.4% revenue rebound alongside sustained gross margins near the mid-50% range indicates durable product-market fit in high-margin SRAM end markets. Improved mix and margin sustainability support longer-term operating leverage potential as APU efforts commercialize and address adjacent customer demand.
Negative Factors
Negative Cash Flow / Cash Burn
Persistent negative operating and free cash flow implies the business is consuming cash to fund development and operations. Even with current cash reserves, continued quarterly burn sustains reliance on that liquidity; absent faster revenue scaling, the firm may need further financing or to materially cut spend.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
A 22.4% revenue rebound alongside sustained gross margins near the mid-50% range indicates durable product-market fit in high-margin SRAM end markets. Improved mix and margin sustainability support longer-term operating leverage potential as APU efforts commercialize and address adjacent customer demand.
Read all positive factors
GSI Technology Key Performance Indicators (KPIs)
GSI Technology (GSIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$345.58M
Dividend YieldN/A
Average Volume (3M)2.37M
Price to Earnings (P/E)―
Beta (1Y)3.23
Revenue Growth22.44%
EPS Growth1.58%
CountryUS
Employees148
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.37
Shares Outstanding36,186,203
10 Day Avg. Volume2,356,323
30 Day Avg. Volume2,370,903
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.00
Price to Sales (P/S)6.51
P/FCF Ratio-9.97
Enterprise Value/Market Cap0.64
Enterprise Value/Revenue9.01
Enterprise Value/Gross Profit16.25
Enterprise Value/Ebitda-20.78
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GSI Technology Business Overview & Revenue Model
Company Description
GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherl...
How the Company Makes Money
GSI Technology makes money primarily by selling semiconductor memory products—most notably SRAM—to electronics and systems manufacturers and their supply-chain channels. Revenue is generated on a per-unit basis from shipments of memory components ...
GSI Technology Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial trajectory: meaningful revenue growth (+22.4% YoY) and margin expansion, a strengthened cash position with no debt, technical validation and program wins for Gemini II (defense POC, U.S. Army SBIR progression, smart city Phase One), and PLATO remaining on-track. Offsetting these positives are materially higher operating expenses and a widening operating loss driven by R&D, continued cash burn during the development phase, early-stage commercialization with limited design wins to date, and some quarterly revenue variability. On balance, the highlights (revenue/margin improvement, strong cash runway, program validation and government engagement) outweigh the lowlights tied to development-stage spending and commercialization risk.Positive Updates
Fiscal 2026 Revenue Growth
Total revenue for fiscal 2026 increased 22.4% year-over-year to $25.1 million, driven by strength in the SRAM business supporting AI chip design and simulation customers.
Negative Updates
Rising Operating Expenses and Larger Operating Loss
Operating expenses increased to $31.2 million in fiscal 2026 from $21.0 million the prior year (an increase of ~48.6%), driven primarily by higher R&D spending on PLATO; operating loss widened to $17.5 million versus $10.8 million in fiscal 2025 (increase of ~62%).
Read all updates
Q4-2026 Updates
Positive
Negative
Fiscal 2026 Revenue Growth
Total revenue for fiscal 2026 increased 22.4% year-over-year to $25.1 million, driven by strength in the SRAM business supporting AI chip design and simulation customers.
Read all positive updates
Company Guidance
Management’s guidance and near‑term outlook emphasized a Q1 FY2027 revenue range of $5.9–$6.7 million with gross margin of approximately 54%–56%, while noting FY2026 results of $25.1 million revenue (+22.4% YoY) and a ~54.5% gross margin (SRAM business up ~22% with SRAM margins near 55%); Q4 revenue was $6.3M with a 52.4% gross margin, FY2026 operating expenses were $31.2M (vs. $21M prior year) producing an operating loss of $17.5M (vs. $10.8M), R&D offsets were $1M, and interest/other income items contributed roughly $7.5M (including $4.1M interest income and a $6.2M non‑cash warrant gain partially offset by $2.8M issuance costs). On cash flow, the company reported $67.2M in cash and no debt at quarter end, net cash used in operations of $5.5M for the quarter, net investing of ~$0.1M and net financing of $2.1M, highlighted the $46.9M (net) registered direct offering in Oct‑2025, and said it expects cash usage of roughly $4M per quarter (~$16M annually), which it believes provides runway to support initial commercialization of Gemini II and PLATO tape‑out targeted for late FY2027.GSI Technology Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.69M | 25.12M | 20.52M | 21.77M | 29.69M | 33.38M |
| Gross Profit | 13.68M | 13.70M | 10.14M | 11.82M | 17.68M | 18.54M |
| EBITDA | -10.70M | -17.48M | -15.96M | -19.50M | -16.70M | -15.04M |
| Net Income | -10.65M | -13.25M | -10.64M | -20.09M | -15.98M | -16.37M |
Balance Sheet | ||||||
| Total Assets | 98.46M | 97.95M | 43.32M | 42.48M | 60.03M | 76.42M |
| Cash, Cash Equivalents and Short-Term Investments | 70.67M | 67.21M | 13.43M | 14.43M | 30.57M | 43.96M |
| Total Debt | 8.77M | 6.98M | 9.64M | 1.52M | 651.00K | 898.00K |
| Total Liabilities | 14.84M | 16.19M | 15.09M | 6.50M | 8.50M | 11.97M |
| Stockholders Equity | 83.62M | 81.76M | 28.23M | 35.97M | 51.37M | 64.45M |
Cash Flow | ||||||
| Free Cash Flow | -12.47M | -16.41M | -13.02M | -18.00M | -17.16M | -14.60M |
| Operating Cash Flow | -12.13M | -15.92M | -12.97M | -17.35M | -16.84M | -13.83M |
| Investing Cash Flow | -340.00K | -486.00K | 11.35M | 2.76M | 6.68M | 4.20M |
| Financing Cash Flow | 68.06M | 70.19M | 633.00K | 1.81M | 402.00K | 2.37M |
GSI Technology Technical Analysis
Neutral
6.06
Price Trends
7.91
Positive
7.64
Positive
6.85
Positive
Market Momentum
0.35
Positive
42.53
Neutral
20.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSIT, the sentiment is Neutral. The current price of 6.06 is below the 20-day moving average (MA) of 10.01, below the 50-day MA of 7.91, and below the 200-day MA of 6.85, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 42.53 is Neutral, neither overbought nor oversold. The STOCH value of 20.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GSIT.
GSI Technology Risk Analysis
GSI Technology disclosed 44 risk factors in its most recent earnings report. GSI Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
GSI Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $669.90M | 2,315.41 | 0.42% | ― | 15.94% | ― | |
58 Neutral | $42.70M | 0.62 | -2573.87% | ― | -38.72% | 16.01% | |
58 Neutral | $350.38M | -13.84 | -84.79% | ― | -40.50% | 1.62% | |
57 Neutral | $311.57M | -9.90 | -10.13% | ― | -20.64% | 44.67% | |
52 Neutral | $2.98B | ― | -5208.55% | ― | -6.41% | -106.57% | |
48 Neutral | $345.58M | -21.95 | -21.96% | ― | 22.44% | 1.58% |
* Technology Sector Average
GSIT
GSI Technology
8.01
4.65
138.39%
WOLF
Wolfspeed Inc
55.06
32.96
149.14%
MX
MagnaChip
6.93
3.23
87.30%
PXLW
Pixelworks
6.39
0.34
5.65%
ATOM
Atomera
8.26
2.03
32.58%
MRAM
Everspin Technologies
23.66
17.73
298.99%
GSI Technology Corporate Events
Business Operations and StrategyExecutive/Board Changes
GSI Technology Adopts 2027 Performance-Based Executive Bonus Plan
Neutral
May 28, 2026
On May 26, 2026, GSI Technology’s board compensation committee approved a 2027 Variable Compensation Plan that continues the company’s practice of performance-based cash bonuses for executives and key employees. The plan sets target bo...
Financial DisclosuresRegulatory Filings and Compliance
GSI Technology Issues Limited Disclosure Incorporating Prior Filing
Neutral
May 22, 2026
GSI Technology filed a very limited disclosure note stating that information previously reported under a separate financial reporting item has been incorporated by reference into the current filing. The notice did not add new operational or financ...
Business Operations and Strategy
GSI Technology Concludes Strategic Review, Confirms Standalone Strategy
Positive
Mar 18, 2026
On March 18, 2026, GSI Technology announced that its board had concluded a review of strategic alternatives initiated earlier to evaluate options for enhancing shareholder value. After engaging with multiple parties and weighing various potential ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.