GSI TECHNOLOGY INC (GSIT) Form 8-K — Nov 5, 2026
GSI Technology reported Q2 FY2027 net revenue of $6.0 million, within guidance of $5.7-$6.5 million but down from $6.4 million a year ago. Net loss widened to $7.0 million, or $(0.18) per share, from $3.2 million, or $(0.11), in the prior-year quarter. Gross margin fell to 48.5%, well below the company's 53%-55% guidance, due to unfavorable product mix and higher manufacturing costs from wafer and outsourced assembly supply constraints. The company is implementing immediate price increases for new orders and January 1, 2027 for backlog.
Key figures
- Revenue
- 6019000
- Guidance
- Q3 FY2027 net revenues of $5.0-$6.0 million with gross margin of approximately 38%-40%
- Revenue Yoy
- -6.6%
- Total Assets
- 101466000
- Cash Position
- 69188000
- Gross margin
- 48.5% (vs 54.8% year-ago, guidance of 53%-55%)
- Sbir funding
- $556,000 this quarter vs $279,000 a year ago
- Operating loss
- 7435000
- Working capital
- 73800000
- Operating expenses
- 10400000
- Stockholders equity
- 86221000
- Military defense share
- 46.7% of shipments vs 28.9% year-ago
- Non routine legal fees
- approximately $2.0 million
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