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.
Price Chart
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
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $3.86 | awaiting T+60 | — | $4.13 (+6.87%) |
Sep 22, 2026 4w ago | Institutional Cluster | $5.86 | awaiting T+60 | — | $4.13 (−29.61%) |
Jul 30, 2026 12w ago | Press Release | $5.61 $3.95 | ▼ −29.59% | ▼ −32.05% | $4.13 (−26.47%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.93 $5.35 | ▼ −32.53% | ▼ −36.93% | $4.13 (−47.98%) |
Jun 3, 2026 20w ago | Insider Cluster | $9.55 $5.70 | ▲ +40.31% | ▲ +42.20% | $4.13 (+56.81%) |
Jun 3, 2026 20w ago | Insider Cluster | $9.55 $5.70 | ▲ +40.31% | ▲ +42.20% | $4.13 (+56.81%) |
May 27, 2026 21w ago | Insider Cluster | $10.64 $5.99 | ▼ −43.70% | ▼ −45.44% | $4.13 (−61.23%) |
May 26, 2026 21w ago | Insider Cluster | $10.33 $5.95 | ▲ +42.40% | ▲ +44.28% | $4.13 (+60.07%) |
May 22, 2026 22w ago | Insider Cluster | $10.55 $5.97 | ▲ +43.41% | ▲ +46.14% | $4.13 (+60.90%) |
May 22, 2026 22w ago | 8-K | $9.66 $6.32 | ▼ −34.58% | ▼ −37.77% | $4.13 (−57.30%) |
US Market Status
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