Cornell verified that our Gemini-I chip performed on par with NVIDIA's A6000 on certain AI tasks, while consuming roughly 98% less energy.
— Lee-Lean Shu
03Detailed Report
GSIT
Company GSIT
Period
Q2 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 18, 2026
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Executive Summary
GSI Technology delivered a Q2 fiscal 2026 results profile that underscores an early-stage, mission-driven growth trajectory in edge AI compute. Net revenues reached $6.44 million, up from $4.60 million year-over-year, with a gross margin of 54.8% (vs. 38.6% year-ago) driven by a favorable product mix in leading SRAM solutions. However, the quarter remained meaningfully unprofitable, posting an operating loss of $3.19 million and a net loss of $3.19 million, or $0.11 per diluted share, as the company continues to invest aggressively in R&D, software ecosystems, and the Plato program. Management communicated a strategic pivot toward near-term commercial traction via Gemini-II and a broader software stack, supported by a $50 million equity financing that closed late in the period and SBIR-related funding.
Key Performance Indicators
Revenue
Increasing
6.44M
QoQ: 2.56% | YoY: 41.63%
Gross Profit
Increasing
3.53M
54.83% margin
QoQ: -3.23% | YoY: 101.08%
Operating Income
Increasing
-3.19M
QoQ: -46.46% | YoY: 42.93%
Net Income
Increasing
-3.19M
QoQ: -43.66% | YoY: 41.65%
EPS
Increasing
-0.11
QoQ: -33.82% | YoY: 47.62%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue and profitability: Q2 2026 net revenues of $6.44M, up 41.63% YoY and 2.56% QoQ. Gross profit of $3.533M yields a gross margin of 54.83% (vs. 54.24% implied in prior quarter). Operating expenses were $6.72M, producing an operating loss of $3.19M and an EBITDAR of -$0.488 on a margin basis. Net income declined by $3.18M to a net loss of $3.18M (-$0.11 per diluted share). Cash flow: operating cash flow was negative at $0.887M, with free cash flow at -$0.906M. Balance sheet strength: cash and equivalents $25.33M; total assets $51.99M; total liabilities $13.44M; total stockholders’ equity $38.55M. Cash position improved vs. March 31, 2025, aided by the $50M equity financing completed post-period.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
6.44M
41.63%
2.56%
Gross Profit
3.53M
101.08%
-3.23%
Operating Income
-3.19M
42.93%
-46.46%
Net Income
-3.19M
41.65%
-43.66%
EPS
-0.11
47.62%
-33.82%
Key Financial Ratios
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