GSIT

MKT CAP:$220M

GSI Technology, Inc.

Market Cap

$220M

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$7.55+$0.82 (+12.18%)

Apr 22, 2026

Company Details

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 ...

CEO

Lee-Lean Shu

IPO Date

Mar 29, 2007

Website

www.gsitechnology.com

Key Metrics TTM

Revenue

$25M

+24.8% YoY

Net Income

-$11M

EPS (Diluted)

-$0.37

Free Cash Flow

-$12M

Revenue / Share

$0.72

Gross Margin

55.4%

Operating Margin

-58.9%

Net Margin

-43.1%

FCF Margin

-50.5%

P/S

8.9x

P/E

—

Earnings Reports

Q4 2026

Apr 30, 2026

PENDING

Q3 2026

Feb 6, 2026

$6M+12.2%EPS -$0.09

Q2 2026

Nov 7, 2025

$6M+41.6%EPS -$0.11

Q1 2026

Aug 8, 2025

$6M+34.5%EPS -$0.08

FY 2025

Jun 18, 2025

$21M-5.7%EPS -$0.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$9M	$5M	-$4M
Q2 22	$8M	$4M	-$5M
Q3 22	$8M	$4M	-$5M
Q1 23	$9M	$5M	-$4M
Q2 23	$9M	$6M	-$3M
Q3 23	$6M	$4M	-$5M
Q4 23	$5M	$3M	-$4M
Q3 24	$5M	$3M	-$7M
Q4 24	$5M	$3M	-$5M
Q1 25	$5M	$2M	$1M
Q2 25	$5M	$2M	-$6M
Q3 25	$5M	$3M	-$4M
Q4 25	$6M	$3M	-$2M
Q1 26	$6M	$4M	-$2M
Q2 26	$6M	$4M	-$3M
Q3 26	$6M	$3M	-$7M

Valuation

Quarter	P/S	P/E
Q1 22	7.4x	—
Q2 22	7.1x	—
Q3 22	6.8x	—
Q1 23	6.6x	—
Q2 23	6.5x	—
Q3 23	6.8x	—
Q4 23	7.4x	—
Q3 24	8.4x	—
Q4 24	9.9x	—
Q1 25	10.7x	—
Q2 25	11.2x	—
Q3 25	11.1x	—
Q4 25	10.7x	—
Q1 26	9.9x	—
Q2 26	9.2x	—
Q3 26	8.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$5M	-$5M
Q2 22	-$3M	-$3M
Q3 22	-$3M	-$3M
Q1 23	-$5M	-$5M
Q2 23	-$3M	-$3M
Q3 23	-$4M	-$4M
Q4 23	-$5M	-$5M
Q3 24	-$4M	-$4M
Q4 24	-$7M	-$7M
Q1 25	-$4M	-$4M
Q2 25	-$3M	-$3M
Q3 25	-$4M	-$4M
Q4 25	-$2M	-$2M
Q1 26	-$2M	-$2M
Q2 26	-$887.0K	-$906.0K
Q3 26	-$8M	-$8M

Capital Expenditures

Quarter	CapEx
Q1 22	$39.0K
Q2 22	$354.0K
Q3 22	$148.0K
Q1 23	$106.0K
Q2 23	$118.0K
Q3 23	$34.0K
Q4 23	$58.0K
Q3 24	$10.0K
Q4 24	$11.0K
Q1 25	$32.0K
Q2 25	$6.0K
Q3 25	$3.0K
Q4 25	$4.0K
Q1 26	$21.0K
Q2 26	$19.0K
Q3 26	$296.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+32.8%	+6.8%
Q2 22	+17.1%	+4.2%
Q3 22	+19.3%	+5.7%
Q1 23	+15.9%	+4.5%
Q2 23	+1.8%	-7.6%
Q3 23	-17.3%	-8.6%
Q4 23	-33.3%	-26.5%
Q3 24	-40.3%	-9.5%
Q4 24	-42.5%	-20.5%
Q1 25	-27.5%	-68.1%
Q2 25	-15.5%	+9.5%
Q3 25	+1.8%	-21.1%
Q4 25	+14.2%	-15.6%
Q1 26	+34.5%	+135.6%
Q2 26	+41.6%	-5.0%
Q3 26	+12.2%	+37.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$823.0K	9.4%
Q2 22	$716.0K	9.2%
Q3 22	$740.0K	9.2%
Q1 23	$638.0K	7.2%
Q2 23	$661.0K	7.4%
Q3 23	$0	0.0%
Q4 23	$515.0K	9.6%
Q3 24	$649.0K	12.2%
Q4 24	$693.0K	13.5%
Q1 25	$658.0K	14.1%
Q2 25	$663.0K	14.6%
Q3 25	$429.0K	7.9%
Q4 25	$512.0K	8.7%
Q1 26	$341.0K	5.4%
Q2 26	$856.0K	13.3%
Q3 26	$783.0K	12.9%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$6M	$3M
Q2 22	$6M	$3M
Q3 22	$6M	$3M
Q1 23	$7M	$3M
Q2 23	$6M	$2M
Q3 23	$6M	$3M
Q4 23	$5M	$2M
Q3 24	$7M	$3M
Q4 24	$5M	$2M
Q1 25	$4M	$3M
Q2 25	$5M	$3M
Q3 25	$4M	$3M
Q4 25	$3M	$3M
Q1 26	$3M	$3M
Q2 26	$4M	$3M
Q3 26	$7M	$3M

Revenue by Geography

Quarter	C	D	N	Rest Of World	S	U	China	Germany	Netherlands	Rest of the world	Singapore	United States	Rest of World
Q1 22	$321.0K	$577.0K	$1M	$406.0K	$2M	$5M	—	—	—	—	—	—	—
Q2 22	$309.0K	$813.0K	$1M	$241.0K	$1M	$4M	—	—	—	—	—	—	—
Q3 22	$560.0K	$1M	$1M	$460.0K	$1M	$3M	—	—	—	—	—	—	—
Q1 23	—	—	—	—	—	—	$887.0K	$1M	$673.0K	$396.0K	$2M	$4M	—
Q2 23	—	—	—	—	—	—	$310.0K	$1M	$785.0K	$248.0K	$2M	$5M	—
Q3 23	—	—	—	—	—	—	$201.0K	$1M	$1M	$161.0K	$829.0K	$3M	—
Q3 24	—	—	—	—	—	—	$62.0K	$705.0K	$555.0K	$203.0K	$690.0K	$3M	—
Q1 25	—	—	—	—	—	—	$1M	$930.0K	$36.0K	$267.0K	$775.0K	$2M	—
Q2 25	—	—	—	—	—	—	$797.0K	$978.0K	$237.0K	$148.0K	$505.0K	$2M	—
Q3 25	—	—	—	—	—	—	$2M	$784.0K	$185.0K	$138.0K	$291.0K	$2M	—
Q4 25	—	—	—	—	—	—	$2M	$1M	$96.0K	$208.0K	$438.0K	$2M	—
Q1 26	—	—	—	—	—	—	$404.0K	$572.0K	$103.0K	—	$484.0K	$4M	$248.0K
Q2 26	—	—	—	—	—	—	$995.0K	$1M	$106.0K	—	$624.0K	$3M	$254.0K
Q3 26	—	—	—	—	—	—	$1M	$1M	$159.0K	—	$816.0K	$2M	$337.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$37M	$7M	$44M
Q1 23	$34M	$8M	$41M
Q2 23	$33M	$5M	$38M
Q3 23	$32M	$3M	$35M
Q4 23	$27M	$3M	$31M
Q1 24	$22M	$0	$22M
Q2 24	$18M	$0	$18M
Q3 24	$15M	$0	$15M
Q4 24	$14M	$0	$14M
Q1 25	$22M	$0	$22M
Q2 25	$18M	$0	$18M
Q3 25	$15M	$0	$15M
Q4 25	$13M	$0	$13M
Q1 26	$23M	$0	$23M
Q2 26	$25M	$0	$25M
Q3 26	$71M	$0	$71M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	24M	+0.8%	+2.8%
Q2 22	24M	+0.6%	+2.6%
Q3 22	24M	+0.7%	+2.9%
Q1 23	25M	+0.5%	+2.6%
Q2 23	25M	+0.1%	+1.9%
Q3 23	25M	+0.3%	+1.6%
Q4 23	25M	+0.3%	+1.1%
Q3 24	25M	+2.3%	+3.0%
Q4 24	25M	+0.2%	+3.0%
Q1 25	26M	+1.5%	+4.3%
Q2 25	25M	-0.9%	+3.2%
Q3 25	26M	+0.3%	+1.1%
Q4 25	26M	0.0%	+1.0%
Q1 26	27M	+5.6%	+5.0%
Q2 26	30M	+9.9%	+16.3%
Q3 26	35M	+16.5%	+35.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$49.4K	178
Q2 22	$43.8K	178
Q3 22	$45.3K	178
Q1 23	$49.5K	180
Q2 23	$49.7K	180
Q3 23	$35.8K	180
Q4 23	$34.5K	156
Q3 24	$34.1K	156
Q4 24	$34.8K	148
Q1 25	$31.6K	148
Q2 25	$30.7K	148
Q3 25	$36.6K	148
Q4 25	$48.6K	121
Q1 26	$51.9K	121
Q2 26	$53.3K	121
Q3 26	$50.2K	121

Revenue / Employee