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Jun 30, 2025
Gsi Technology Q1 2026 Earnings Report
GSI Technology's Q1 2026 earnings report highlighted increased revenue and gross margin, driven by strong SRAM sales and strategic advancements in AI and Edge AI technologies.
Key Takeaways
GSI Technology reported a significant increase in net revenues and gross margin for Q1 fiscal 2026, primarily due to strong SRAM sales and an improved product mix. The company also made progress in its Gemini-II chip and APU Leda-2 board development, targeting Edge AI applications.
Net revenues for Q1 FY2026 increased to $6.3 million, up from $4.7 million in the prior year's first quarter.
Gross margin improved significantly to 58.1% in Q1 FY2026, compared to 46.3% in the same period last year.
The company's cash and cash equivalents rose to $22.7 million at quarter-end, an increase from $13.4 million in the previous quarter.
GSI Technology successfully completed the evaluation of its Gemini-II chip, confirming it is production-ready, and delivered an APU Leda-2 board for proof-of-concept development.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second fiscal quarter of 2026, GSI Technology anticipates net revenues to be between $5.9 million and $6.7 million, with a gross margin of approximately 56% to 58%.
Positive Outlook
- Anticipated net revenues for Q2 FY2026 are projected to be between $5.9 million and $6.7 million, indicating continued revenue generation.
- Gross margin is expected to remain strong, estimated at 56% to 58% for Q2 FY2026.
- Gemini-II chip is confirmed production-ready, which could lead to new product opportunities.
- Development of a multi-modal LLM optimized for edge applications is underway, with benchmark results expected by fall 2025.
- Successful delivery of an APU Leda-2 board to an offshore defense contractor for proof-of-concept development.
Challenges Ahead
- The company's historical dependence on sales to a limited number of customers poses a risk.
- Fluctuations in the mix of customers and products in any period could impact financial results.
- The rapidly evolving markets for GSI Technology’s products and uncertainty regarding market development present challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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