GSI Technology (NASDAQ:GSIT) Issues Earnings Results

GSI Technology (NASDAQ:GSIT) issued its quarterly earnings data on Thursday. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06), FiscalAI reports. GSI Technology had a negative return on equity of 21.39% and a negative net margin of 62.90%. The firm had revenue of $6.02 million during the quarter, compared to the consensus estimate of $6.25 million.

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

• Gemini-II reached a commercial milestone: Taiwan’s Hsinchu County accepted the initial stage of the Smart Guardian Eye project, and the system is now providing live AI video monitoring and incident reports across about 20 cameras. An expansion to roughly 80 cameras is possible, but depends on a competitive procurement process.
• GRIN is progressing toward customer release: GSI said the AI development toolkit has cut some model-adaptation tasks to less than a week, from work that previously took about a month or longer. Initial customer availability is expected before the end of December 2026, with commercial release planned for the first half of calendar 2027.
• Plato remains on schedule: The next-generation APU is targeted for tape-out in March 2027, with initial sampling expected by late summer 2027; GSI says it is designed for inference below 10 watts. The company is discussing strategic partnerships to help develop and commercialize the chip, but no agreements have been signed.
• Near-term financial results face pressure from supply constraints and costs: Fiscal Q2 revenue was $6 million and gross margin was 48.5%, below guidance, as manufacturing costs rose and shipments were delayed by inventory shortages and longer lead times. GSI expects Q3 revenue of $5 million–$6 million and gross margin of about 38%–40%; it plans price increases, but said any recovery may begin in Q4.

GSI Technology Trading Down 5.6%

Shares of GSIT opened at $3.02 on Friday. The firm has a market capitalization of $116.06 million, a price-to-earnings ratio of -5.70 and a beta of 2.26. The firm’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $6.62. GSI Technology has a twelve month low of $2.97 and a twelve month high of $13.00.

Analysts Set New Price Targets

A number of analysts recently weighed in on GSIT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of GSI Technology in a research note on Thursday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of GSI Technology in a research note on Thursday, October 15th. Williams Trading set a $9.00 target price on GSI Technology in a research note on Monday, September 14th. Finally, Wall Street Zen upgraded shares of GSI Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.00.

About GSI Technology

GSI Technology, Inc is a semiconductor company that develops and supplies high-performance memory and processing solutions. Its product portfolio has historically included static random-access memory (SRAM) devices, including synchronous SRAM products designed for applications requiring fast data access and high bandwidth.

The company also develops associative processing technology for data-intensive computing. Its Gemini Associative Processing Unit (APU) platform is designed to accelerate workloads such as artificial intelligence inference, natural-language processing, similarity search and other applications that involve searching large data sets.