GSI Technology (GSIT) AI Stock Analysis

• Market Cap: $103.27M
• Dividend Yield: N/A
• Average Volume (3M): 358.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.53
• Revenue Growth: 6.14%
• EPS Growth: 1.71%
• Country: US
• Employees: 148
• Sector: Technology
• Sector Strength: 92
• Industry: Semiconductors
• EPS (TTM): -0.08
• Shares Outstanding: 29,090,626
• 10 Day Avg. Volume: 289,889
• 30 Day Avg. Volume: 358,270
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.47
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 4.75
• Enterprise Value/Ebitda: -3.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: $3.50 ▼(-1.41% Downside)

GSI Technology's overall stock score is primarily impacted by its financial performance challenges, including declining revenues and negative cash flows. While the earnings call provided some positive insights into revenue growth and profitability improvements, these are overshadowed by ongoing losses and supply chain issues. The technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield.

GSI Technology Business Overview & Revenue Model

Company Description

GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets. In addition, it offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; Low Latency DRAMs a solution for advanced data networking applications; Asynchronous, a main memory for small cache-less embedded processors for industrial electronics, measurement systems and cost-sensitive networking equipment, and other applications; and specialty SRAMs. The company also provide radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles. Its products are used as components in our OEM customers' products, including routers, switches and other networking and telecommunications products; military and aerospace applications, such as radar and guidance systems and satellites; audio/video processing; test and measurement applications consisting of high-speed testers; and automotive applications, such as smart cruise control; and medical applications, including ultrasound and CAT scan equipment. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.

How the Company Makes Money

GSI Technology generates revenue primarily through the sale of its semiconductor memory products, specifically its SRAM offerings. The company's revenue model is based on direct sales to original equipment manufacturers (OEMs) and other technology companies that incorporate GSI's memory solutions into their products. Key revenue streams include sales in sectors such as networking and telecommunications, where there is a high demand for fast and reliable memory components. Additionally, GSI Technology collaborates with strategic partners and engages in research and development to enhance its product offerings and maintain a competitive edge in the market.

GSI Technology Financial Statement Overview

Summary

GSI Technology faces significant challenges in revenue generation and profitability, evidenced by declining revenues and persistent losses. While the balance sheet shows reasonable debt levels and a strong cash position, negative cash flows are a major concern, highlighting the need for strategic interventions.

Income Statement

GSI Technology has faced declining revenues over the past few years, with a significant drop in total revenue from $43.34M in 2020 to $20.52M in 2025. The company has consistently reported negative EBIT and net income, indicating ongoing operational challenges. Profit margins have been negative, reflecting difficulty in achieving profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio with total debt rising but still manageable relative to equity. Stockholders' equity has decreased over the years, suggesting potential concerns about financial stability. However, the equity ratio remains healthy, and the company maintains a strong cash position, which provides some financial flexibility.

Cash Flow

Operating cash flows have been consistently negative, which is concerning for long-term sustainability. The free cash flow has also been negative, indicating that the company is not generating enough cash to cover its capital expenditures. The firm has managed to maintain investing and financing activities but needs to improve cash flow generation to support growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.52M	20.52M	21.77M	29.69M	33.38M	27.73M
Gross Profit	10.14M	10.14M	11.82M	17.68M	18.54M	13.22M
EBITDA	-16.05M	-15.96M	-19.50M	-14.01M	-15.04M	-20.05M
Net Income	-10.64M	-10.64M	-20.09M	-15.98M	-16.37M	-21.50M
Balance Sheet
Total Assets	43.32M	43.32M	42.46M	59.88M	76.42M	87.61M
Cash, Cash Equivalents and Short-Term Investments	13.43M	13.43M	14.43M	30.57M	43.96M	53.95M
Total Debt	0.00	9.64M	1.52M	651.00K	898.00K	699.00K
Total Liabilities	15.09M	15.09M	6.49M	8.50M	13.31M	12.02M
Stockholders Equity	28.23M	28.23M	35.97M	51.37M	64.45M	75.59M
Cash Flow
Free Cash Flow	-13.02M	-13.02M	-18.00M	-17.16M	-14.60M	-15.46M
Operating Cash Flow	-12.97M	-12.97M	-17.35M	-16.84M	-13.83M	-15.25M
Investing Cash Flow	11.35M	11.35M	2.76M	6.68M	4.20M	3.29M
Financing Cash Flow	633.00K	633.00K	1.81M	402.00K	2.37M	4.69M

GSI Technology Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSIT, the sentiment is Neutral. The current price of 3.55 is below the 20-day moving average (MA) of 4.73, below the 50-day MA of 3.87, and above the 200-day MA of 3.20, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 7.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GSIT.

GSI Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MRAM	63 Neutral	$133.91M	176.22	-0.31%	―	-22.48%	-102.37%
Sector *	61 Neutral	$34.80B	4.89	-10.42%	2.08%	6.50%	-6.29%
PXLW	52 Neutral	$53.27M	―	-2911.20%	―	-47.93%	-37.78%
GSIT	49 Neutral	$103.27M	―	-36.97%	―	6.14%	1.71%
MX	47 Neutral	$102.06M	―	-7.81%	―	4.90%	9.30%
ATOM	45 Neutral	$143.08M	―	-100.22%	―	-78.70%	13.98%
WOLF	40 Underperform	$233.44M	―	-180.49%	―	-9.62%	-30.36%

GSI Technology Corporate Events

GSI Technology Reports Strong Q1 2026 Financial Results

On July 31, 2025, GSI Technology announced its financial results for the first quarter of fiscal year 2026, reporting net revenues of $6.3 million, a 35% increase year-over-year. The company saw a gross margin increase to 58.1%, attributed to a favorable product mix and higher revenue impact on fixed costs. The cash balance rose to $22.7 million, partly due to proceeds from an ATM program. GSI Technology delivered an APU Leda-2 board to a defense contractor and is developing a multi-modal LLM for edge applications, with benchmark results expected by fall 2025. The company completed the evaluation of its Gemini-II chip, confirming it is production-ready, and optimized SAR and YOLO algorithms for a low-power Leda board. Despite a net loss of $2.2 million for the quarter, GSI Technology’s advancements in AI technology position it well for future growth.

GSI Technology Board Member Jack Bradley to Step Down

On May 29, 2025, Jack A. Bradley, a key member of GSI Technology‘s Board of Directors, announced he would not seek re-election at the company’s upcoming annual stockholders’ meeting. Bradley’s departure is not due to any disagreements with the company’s operations, policies, or practices, suggesting a smooth transition for the board and minimal disruption for stakeholders.

GSI Technology Approves 2026 Variable Compensation Plan

On May 27, 2025, GSI Technology‘s Compensation Committee approved the 2026 Variable Compensation Plan to incentivize performance and retain key employees through cash bonuses tied to the company’s fiscal performance ending March 31, 2026. The plan includes executive officers and key employees, with bonuses based on SRAM and APU net revenue targets, and offers potential payouts up to twice the target bonus if goals are exceeded, with vesting conditions extending through April 2028.