GSIT GSI TECHNOLOGY INC
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Executive Summary
GSI Technology reported FQ4 2026 revenue of $6.3M (+7.4% YoY) and a net loss of $4.8M ($0.13/share), wider than the $2.2M loss a year ago, driven by increased R&D spending on the Plato chip design. The company guided Q1 FY2027 revenue to $5.9-6.7M with gross margin of 54-56%, and highlighted a ~$2M U.S. Army SBIR contract and a Phase I smart city project as non-dilutive funding wins. The filing is a routine earnings update with no analyst consensus available for comparison; the core SRAM business is stable but the path to Gemini-II commercialization remains pre-revenue and cash-burn heavy.
Key Financial Metrics
Actionable Insight
GSIT remains a pre-commercialization story — the SRAM business provides a stable base but the stock will move on Gemini-II milestones and design wins, not quarterly revenue beats. The $67M cash runway supports development through FY2027, but the widening operating loss ($17.5M in FY2026 vs $10.8M) means investors should watch for the June 2026 G2 Tech Sentinel drone demo and any new customer announcements. No analyst consensus exists to gauge surprise — treat this as a routine update.
Key Facts
- FQ4 2026 revenue $6.3M, up 7.4% YoY from $5.9M
- FQ4 2026 net loss $4.8M ($0.13/diluted share) vs $2.2M loss ($0.09) a year ago
- FY2026 full-year revenue $25.1M, up 22% YoY from $20.5M
- FY2026 gross margin expanded to 54.5% from 49.4%
- Cash and equivalents $67.2M at March 31, 2026, up from $13.4M a year ago (boosted by Oct 2025 RDO)
- Q1 FY2027 guidance: revenue $5.9M-$6.7M, gross margin ~54-56%
- Subsequent to quarter end: ~$2M U.S. Army SBIR Phase II contract and Phase I smart city project award
- Operating cash burn $5.5M in FQ4 2026; R&D expense $5.6M (up from $3.0M YoY) driven by Plato chip design
Financial Impact
Revenue growth of 7.4% YoY in Q4 and 22% for FY2026, but operating loss widened to $5.2M in Q4 vs $2.3M a year ago due to R&D ramp for Plato. Cash position strong at $67.2M with no debt.
Risk Factors
- Gemini-II commercialization may not translate to revenue in FY2027 as guided
- Operating cash burn of $5.5M/quarter could accelerate if SBIR awards slow
- Customer concentration: KYEC represented 22.3% of Q4 revenue, down from 29.5% a year ago
- No analyst coverage consensus available — stock may be thinly traded and prone to volatility on news flow
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-065370 |
| Document: 0001104659-26-065370-index-headers.html | 0001104659-26-065370 |
| Document: 0001104659-26-065370-index.html | 0001104659-26-065370 |
| Document: 0001104659-26-065370.txt | 0001104659-26-065370 |
| 8-K Data (Synthetic) | 0001104659-26-065370 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
3d ago
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Institutional Cluster
| $7.47 awaiting T+1 | awaiting T+1 | — | $7.89 (+5.62%) |
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Jun 3, 2026
11d ago
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Insider Cluster
| $9.55 $8.01 | ▲ +16.13% | ▲ +13.53% | $7.89 (+17.38%) |
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Jun 3, 2026
11d ago
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Insider Cluster
| $9.55 $8.01 | ▲ +16.13% | ▲ +13.53% | $7.89 (+17.38%) |
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May 27, 2026
18d ago
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Insider Cluster
| $10.64 $9.93 | ▼ −6.72% | ▼ −6.96% | $7.89 (−25.85%) |
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May 26, 2026
19d ago
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Insider Cluster
| $10.33 $10.64 | ▼ −3.00% | ▼ −2.46% | $7.89 (+23.62%) |
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May 22, 2026
23d ago
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Insider Cluster
| $10.55 $10.46 | ▲ +0.85% | ▲ +0.81% | $7.89 (+25.21%) |
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May 22, 2026
23d ago
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8-K
| $9.66 $10.55 | ▲ +9.21% | ▲ +8.63% | $7.89 (−18.32%) |
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May 12, 2026
4w ago
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Insider Cluster
| $11.54 $12.26 | ▼ −6.24% | ▼ −5.66% | $7.89 (+31.63%) |
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May 11, 2026
5w ago
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Insider Cluster
| $11.72 $11.54 | ▲ +1.54% | ▲ +1.40% | $7.89 (+32.68%) |
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May 7, 2026
5w ago
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8-K
| $8.45 $11.72 | ▲ +38.70% | ▲ +38.47% | $7.89 (−6.63%) |
US Market Status
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