Monitor progress on Gemini-II commercialization and Plato tape-out (March 2027) for potential revenue catalysts. The strong cash position provides runway, but continued operating losses and reliance on SRAM revenue with no near-term AI revenue inflection suggest limited upside in the near term.
Price Chart
Executive Summary
GSI Technology reported Q1 FY2027 revenue of $6.3M, flat YoY and QoQ, with net loss widening to $4.8M ($0.13/share) from $2.2M a year ago due to increased R&D spending on the Plato processor. Cash balance rose to $77M from ATM proceeds and option exercises. Guidance for Q2 FY2027 revenue of $5.7M-$6.5M and gross margin of 53%-55% suggests continued SRAM stability but no near-term revenue inflection from AI products.
Key Financial Metrics
Key Facts
- Revenue flat at $6.3M for Q1 FY2027, unchanged YoY and QoQ
- Net loss widened to $4.8M ($0.13/share) from $2.2M ($0.08/share) in Q1 FY2026
- Cash and equivalents increased to $77.0M from $67.2M, driven by $9.3M in ATM proceeds and $4.8M in option exercises
- Q2 FY2027 guidance: revenue $5.7M-$6.5M, gross margin 53%-55%
- R&D expenses rose to $5.9M from $3.1M YoY, primarily for Plato processor development
Financial Impact
No material change in revenue trajectory; operating loss deepened by $3.2M YoY to $5.4M
Risk Factors
- Continued operating losses and cash burn from R&D spending
- Flat revenue and declining gross margins (53.4% vs 58.1% YoY) due to product mix
- Dilution risk from ongoing ATM sales and option exercises
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3336412 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $3.86 | awaiting T+60 | — | $3.95 (+2.33%) |
Sep 22, 2026 4w ago | Institutional Cluster | $5.86 | awaiting T+60 | — | $3.95 (−32.59%) |
Jul 30, 2026 12w ago | Press Release | $5.61 $3.95 | ▼ −29.59% | ▼ −32.05% | $3.95 (−29.59%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.93 $5.35 | ▼ −32.53% | ▼ −36.93% | $3.95 (−50.19%) |
Jun 3, 2026 20w ago | Insider Cluster | $9.55 $5.70 | ▲ +40.31% | ▲ +42.20% | $3.95 (+58.64%) |
Jun 3, 2026 20w ago | Insider Cluster | $9.55 $5.70 | ▲ +40.31% | ▲ +42.20% | $3.95 (+58.64%) |
May 27, 2026 21w ago | Insider Cluster | $10.64 $5.99 | ▼ −43.70% | ▼ −45.44% | $3.95 (−62.88%) |
May 26, 2026 21w ago | Insider Cluster | $10.33 $5.95 | ▲ +42.40% | ▲ +44.28% | $3.95 (+61.76%) |
May 22, 2026 22w ago | Insider Cluster | $10.55 $5.97 | ▲ +43.41% | ▲ +46.14% | $3.95 (+62.56%) |
May 22, 2026 22w ago | 8-K | $9.66 $6.32 | ▼ −34.58% | ▼ −37.77% | $3.95 (−59.11%) |
US Market Status
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