GSI Technology (NASDAQ:GSIT) Announces Earnings Results

GSI Technology (NASDAQ:GSIT) posted its earnings results on Thursday. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. GSI Technology had a negative net margin of 48.54% and a negative return on equity of 34.79%. The company had revenue of $6.08 million for the quarter.

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

• Revenue grew 12% year‑over‑year to $6.1M in Q3 (fiscal YTD +28.5%), and management expects strong sales from its largest customers in the first half of calendar 2026.
• GSI reported a 3‑second time‑to‑first‑token (TTFT) benchmark for Gemini 2 on multimodal workloads at ~30W—up to 3x faster and lower power versus a competitor—and was chosen by G2 Tech for the government‑backed Sentinel drone POC that includes >$1M in funding to offset R&D.
• Following its fall 2025 financing and IP purchase, the company has added contract engineers and started hardware development for its APU roadmap, targeting a Plato tape‑out in early 2027.
• R&D and operating expenses rose (R&D $7.5M; operating loss $6.9M), but cash strengthened to $70.7M after the October financing; management guided Q4 net revenues of $5.7M–$6.5M and gross margin of ~54%–56%.

GSI Technology Stock Down 0.0%

GSIT traded down $0.00 during trading on Friday, hitting $7.54. The company’s stock had a trading volume of 381,737 shares, compared to its average volume of 1,697,284. The business’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $5.85. The firm has a market cap of $265.67 million, a PE ratio of -17.19 and a beta of 1.46. GSI Technology has a one year low of $1.62 and a one year high of $18.15.

Insider Buying and Selling at GSI Technology

In related news, VP Avidan Akerib sold 54,732 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $8.54, for a total value of $467,411.28. Following the transaction, the vice president directly owned 23,307 shares of the company’s stock, valued at approximately $199,041.78. This trade represents a 70.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Patrick T. Chuang sold 40,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $8.66, for a total value of $346,400.00. Following the sale, the vice president directly owned 15,166 shares of the company’s stock, valued at $131,337.56. This represents a 72.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 230,018 shares of company stock valued at $2,038,150 over the last 90 days. 25.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GSI Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in GSI Technology during the 3rd quarter worth approximately $68,000. Prelude Capital Management LLC purchased a new stake in shares of GSI Technology in the third quarter worth $52,000. Algert Global LLC bought a new stake in shares of GSI Technology during the 3rd quarter valued at $88,000. Two Sigma Investments LP lifted its stake in shares of GSI Technology by 46.6% during the 3rd quarter. Two Sigma Investments LP now owns 391,258 shares of the semiconductor company’s stock valued at $1,440,000 after buying an additional 124,360 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in GSI Technology by 725.2% in the 3rd quarter. Squarepoint Ops LLC now owns 175,385 shares of the semiconductor company’s stock worth $645,000 after buying an additional 154,132 shares during the period. 33.15% of the stock is owned by hedge funds and other institutional investors.

GSI Technology News Summary

Here are the key news stories impacting GSI Technology this week:

• Positive Sentiment: Large cash cushion and equity raise — GSI closed the quarter with $70.7M in cash (up from $13.4M) following a ~$46.9M Registered Direct offering, improving runway for Gemini‑II and Plato development. Quiver Quant — Q3 Summary
• Positive Sentiment: Technical validation for Gemini‑II — Third‑party benchmarks showed ~3s time‑to‑first‑token at ~30W and up to ~300% better perf/watt vs. competing solutions; also announced a POC with G2 Tech and two government agencies (≈$1M expected funding). These support potential design wins in defense and edge markets. GlobeNewswire — Gemini-II Benchmark
• Neutral Sentiment: Revenue trend and Q4 revenue guide — Q3 revenue rose 12% YoY to ~$6.08M; company guided Q4 net revenues to $5.7M–$6.5M and gross margin ~54%–56%, implying stable near‑term top‑line but not a clear beat. GlobeNewswire — Q3 Results
• Neutral Sentiment: Accessible management commentary — Earnings call transcripts and conference call are available for additional color on customers, milestones and roadmap. Seeking Alpha — Call Transcript Yahoo — Call Transcript
• Negative Sentiment: Profitability pressure — GAAP net loss was $(3.0)M (≈$(0.09)/share) with operating loss widening to $(6.9)M; higher R&D ($7.5M) and one‑time issuance costs reduced near‑term earnings visibility.
• Negative Sentiment: Gross margin and customer concentration risks — Gross margin fell to 52.7% (product mix cited) and sales remain concentrated among a few customers, which can magnify revenue volatility.
• Negative Sentiment: Insider selling — Recent open‑market insider sales (multiple executives) were reported, which can be perceived negatively by the market. Quiver — Insider Activity

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GSI Technology in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

GSI Technology Company Profile

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.