GSI TECHNOLOGY INC (GSIT) Form 10-Q — Nov 6, 2026
GSI Technology's fiscal Q2 2027 net loss widened sharply to $7.0 million from $3.2 million a year earlier, as revenue slipped 6.6% to $6.0 million and gross margin compressed from 54.8% to 48.5% on unfavorable product mix and higher manufacturing costs. Operating expenses surged, with R&D up 60.5% to $6.0 million driven by $1.5 million of outside design consulting for the Plato processor, and SG&A up 45.8% including roughly $1.4 million net from an internal assessment of foreign vendor matters. Cadence Design Systems purchases fell to zero in the quarter from 22% of revenue a year ago.
Key figures
- Revenue
- 6019000
- Revenue Yoy
- -6.6%
- Total Assets
- 101466000
- Cash Position
- 69188000
- Shares Outstanding
- 38498500
- Atm avg price
- 10.1
- Atm shares sold
- 950401
- Gross margin q2
- 48.5%
- Atm net proceeds
- 9300000
- Six month revenue
- 12331000
- Six month net loss
- 11813000
- Purchase obligations
- 16200000
- Q2 rd expense growth
- 60.5%
- Kyec revenue share q2
- 20%
- Q2 sga expense growth
- 45.8%
- Six month revenue yoy
- -3.1%
- Nokia revenue share q2
- 6%
- Q2 net loss prior year
- 3185000
- Cadence revenue share q2
- 0%
- Gross margin q2 prior year
- 54.8%
- Operating cash use six months
- 11900000
- Six month net loss prior year
- 5402000
AI analysis
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