GSI Technology (GSIT)
NASDAQ:GSIT
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GSI Technology
(NASDAQ:GSIT)
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Rating:59Neutral
Price Target:
$8.50
▲(40.26% Upside)
Action:ReiteratedDate:05/03/26
The score is capped primarily by weak financial performance (large operating losses and negative cash flow despite healthy gross margins and a low-debt balance sheet). Offsetting this, technical momentum is strong with the stock trading above major moving averages and a positive MACD. Earnings call details add a moderate lift from guidance and product/funding progress, but elevated spending, cash burn, and customer concentration keep risk high; valuation remains constrained by ongoing losses.
Positive Factors
Balance sheet liquidity
A cash balance of $70.7M provides a meaningful runway to fund R&D, convert proofs-of-concept, and support commercialization without immediate dilution. This liquidity reduces near-term financing risk and gives management time to drive operational scale and secure customer design‑ins over several quarters.
Negative Factors
Negative cash generation
Persistently negative operating and free cash flow (~-$12M TTM) means the business currently consumes rather than generates cash, forcing reliance on external financing or equity. Until operations turn cash‑positive, growth investments risk accelerating dilution or constraining the ability to sustain long‑term R&D programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet liquidity
A cash balance of $70.7M provides a meaningful runway to fund R&D, convert proofs-of-concept, and support commercialization without immediate dilution. This liquidity reduces near-term financing risk and gives management time to drive operational scale and secure customer design‑ins over several quarters.
Read all positive factors
GSI Technology (GSIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$296.00M
Dividend YieldN/A
Average Volume (3M)923.38K
Price to Earnings (P/E)―
Beta (1Y)3.16
Revenue Growth24.76%
EPS Growth27.20%
CountryUS
Employees148
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.09
Shares Outstanding36,186,203
10 Day Avg. Volume587,081
30 Day Avg. Volume923,379
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.84
Price to Sales (P/S)2.53
P/FCF Ratio-3.98
Enterprise Value/Market Cap0.49
Enterprise Value/Revenue5.87
Enterprise Value/Gross Profit10.60
Enterprise Value/Ebitda-13.55
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 Netherl...
How the Company Makes Money
GSI Technology makes money primarily by selling its semiconductor products, with SRAM historically being its core revenue driver. Revenue is generated when customers (typically OEMs and system designers) purchase SRAM devices for incorporation int...
GSI Technology Key Performance Indicators (KPIs)
GSI Technology Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging strategic and technological progress (revenue growth YoY, strong balance sheet from financing, a promising Gemini II TTFT benchmark, a government-backed POC with >$1M in funding, and early customer gains such as Nokia) alongside meaningful near-term financial and execution challenges (sharp rise in R&D and operating expenses, wider operating loss, gross margin compression, elevated cash burn from operations, and variability in customer revenues such as a notable Cadence decline). The company appears to be investing heavily in product development and pursuing government-funded proof-of-concept opportunities while relying on financing to support operations; positives around product performance and cash resources are balanced by execution and profitability risks.Positive Updates
Revenue Growth Year-over-Year and Fiscal YTD
Net revenues of $6.1 million in Q3 FY2026, a 12% increase year-over-year (from $5.4M) and a 28.5% increase on a fiscal year-to-date basis.
Negative Updates
Rising Operating Expenses and Heavy R&D Spend
Total operating expenses of $10.1M in Q3 FY2026 versus $7.0M a year ago and $6.7M in the prior quarter. R&D expense increased to $7.5M from $4.0M a year ago (+87.5% YoY) and from $3.8M in the prior quarter (+97.4% QoQ), driven by IP purchase and consulting for PLATO.
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Q3-2026 Updates
Positive
Negative
Revenue Growth Year-over-Year and Fiscal YTD
Net revenues of $6.1 million in Q3 FY2026, a 12% increase year-over-year (from $5.4M) and a 28.5% increase on a fiscal year-to-date basis.
Read all positive updates
Company Guidance
Guidance for fiscal Q4 2026 calls for net revenues of $5.7 million to $6.5 million with a gross margin of approximately 54%–56%. For context, management reported Q3 FY2026 net revenues of $6.1 million (up 12% year‑over‑year and up 28.5% fiscal year‑to‑date), a Q3 gross margin of 52.7% (vs. 54.0% a year ago), operating expenses of $10.1 million (R&D $7.5M, SG&A $2.6M), an operating loss of $6.9M, and a net loss of $3.0M or $0.09 per diluted share; cash and cash equivalents were $70.7M as of December 31, 2025 (beginning cash Sept. 30 $25.3M), working capital $71.7M, and stockholders’ equity $83.6M. Additional operational metrics highlighted include expected >$1M in government funding for the Sentinel POC (to offset R&D), Gemini II preliminary TTFT of three seconds at ~30 watts (up to 3x faster than a competitor), and plans to begin PLATO hardware development toward operations in early 2027.GSI Technology Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.69M | 20.52M | 21.77M | 29.69M | 33.38M | 27.73M |
| Gross Profit | 13.68M | 10.14M | 11.82M | 17.68M | 18.54M | 13.22M |
| EBITDA | -10.70M | -15.96M | -19.50M | -16.70M | -15.04M | -20.05M |
| Net Income | -10.65M | -10.64M | -20.09M | -15.98M | -16.37M | -21.50M |
Balance Sheet | ||||||
| Total Assets | 98.46M | 43.32M | 42.48M | 60.03M | 76.42M | 76.42M |
| Cash, Cash Equivalents and Short-Term Investments | 70.67M | 13.43M | 14.43M | 30.57M | 43.96M | 43.96M |
| Total Debt | 8.77M | 9.64M | 1.52M | 651.00K | 898.00K | 898.00K |
| Total Liabilities | 14.84M | 15.09M | 6.50M | 8.50M | 11.97M | 11.97M |
| Stockholders Equity | 83.62M | 28.23M | 35.97M | 51.37M | 64.45M | 64.45M |
Cash Flow | ||||||
| Free Cash Flow | -12.47M | -13.02M | -18.00M | -17.16M | -14.60M | -15.46M |
| Operating Cash Flow | -12.13M | -12.97M | -17.35M | -16.84M | -13.83M | -15.25M |
| Investing Cash Flow | -340.00K | 11.35M | 2.76M | 6.68M | 4.20M | 3.29M |
| Financing Cash Flow | 68.06M | 633.00K | 1.81M | 402.00K | 2.37M | 4.69M |
GSI Technology Technical Analysis
Neutral
6.06
Price Trends
6.73
Negative
6.81
Negative
6.03
Positive
Market Momentum
-0.18
Negative
53.01
Neutral
89.13
Negative
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 6.06 is above the 20-day moving average (MA) of 5.74, below the 50-day MA of 6.73, and above the 200-day MA of 6.03, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 53.01 is Neutral, neither overbought nor oversold. The STOCH value of 89.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GSIT.
GSI Technology Risk Analysis
GSI Technology disclosed 44 risk factors in its most recent earnings report. GSI Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
GSI Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $503.89M | -171.77 | 0.43% | ― | 15.94% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $296.00M | -17.74 | -22.69% | ― | 24.76% | 27.20% | |
53 Neutral | $1.66B | -1.50 | 1017.75% | ― | -3.72% | -109.06% | |
50 Neutral | $134.83M | -5.48 | -10.13% | ― | -20.74% | 44.67% | |
49 Neutral | $429.44M | -3.38 | -98.43% | ― | -51.85% | 3.52% | |
47 Neutral | $36.96M | -2.36 | 109.22% | ― | -38.72% | 16.01% |
* Technology Sector Average
GSIT
GSI Technology
8.18
4.50
122.28%
WOLF
Wolfspeed Inc
36.76
14.66
66.33%
MX
MagnaChip
3.70
0.68
22.52%
PXLW
Pixelworks
5.81
-0.60
-9.35%
ATOM
Atomera
11.09
6.35
133.97%
MRAM
Everspin Technologies
21.49
15.76
275.04%
GSI Technology Corporate Events
Business Operations and Strategy
GSI Technology Concludes Strategic Review, Confirms Standalone Strategy
Positive
Mar 18, 2026
On March 18, 2026, GSI Technology announced that its board had concluded a review of strategic alternatives initiated earlier to evaluate options for enhancing shareholder value. After engaging with multiple parties and weighing various potential ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.