GSI Technology reported a 2% year-over-year increase in revenue, reaching $5.4 million, driven by strengthening core SRAM sales and increasing demand from a key customer. The company is progressing with its APU technology, with the Gemini-II chip on track for a February tape-out and plans for the next-generation Plato chip.
Revenue reached $5.4 million, a 2% increase year-over-year and a 19% sequential increase.
Core SRAM sales are strengthening due to normalized inventory levels and increased customer demand.
Gemini-II chip development is on track for a February tape-out, with availability expected in May.
Gross margin was 54.0%, compared to 55.9% in the third quarter of fiscal 2024.
GSI Technology anticipates net revenues in the range of $5.4 million to $6.2 million with a gross margin of approximately 55% to 57% for the upcoming fourth quarter of fiscal 2025.
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