Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33387 GSI Technology, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of GSI Technology Inc. (NASDAQ: GSIT) resulting from allegations that GSI Technology may have issued materially misleading business information to the investing public. So What: If you purchased GSI Technology securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingen. ...

Shares of GSI Technology, Inc. (GSIT) have declined 3.2% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 0.2% growth over the same time frame. Over the past month, the stock has gained 2.3% versus the S&P 500’s 1.5% increase.GSI Technology reported a net loss of 9 cents per share for the third quarter of fiscal 2026, which is narrower than the year-ago quarter’s loss of 16 cents per share. Net revenues of $6.1 million marked a 12% increase co ...

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Operating expenses rose to $10.1 million , compared with $7.0 million in the prior-year quarter and $6.7 million in the preceding quarter. Research and development expenses increased to $7.5 million from $4.0 million a year earlier and $3.8 million in the prior quarter, driven primarily by the purchase of IP related to Plato development and associated consulting expenses. Selling, general, and administrative expenses were $2.6 million , compared with $3.0 million in both the year-ago quarter and the prior q ...

GSI (NasdaqGS:GSIT) Q3 2026 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsDidier Lasserre - VP of SalesDouglas Schirle - CFOLee-Lean Shu - Chairman, President, and CEOConference Call ParticipantsRobert Aguanno - Research AnalystOperatorWelcome to GSI Technology's Q3 Fiscal 2026 Results Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. At that time, we will provide instructions for those interested in entering the q ...

GSI (NasdaqGS:GSIT) Q3 2026 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsDidier Lasserre - VP of SalesDouglas Schirle - CFOLee-Lean Shu - Chairman, President, and CEOConference Call ParticipantsRobert Aguanno - Research AnalystOperatorWelcome to GSI Technology's third quarter fiscal 2026 results conference call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. At that time, we will provide instructions for those interested in ent ...

Financial Data and Key Metrics Changes - Revenue in Q3 fiscal 2026 increased by 12% year-over-year and 28.5% on a fiscal year-to-date basis, reaching $6.1 million compared to $5.4 million in Q3 fiscal 2025 [3][12] - Gross margin decreased to 52.7% in Q3 fiscal 2026 from 54% in Q3 fiscal 2025, primarily due to product mix [12] - Operating loss for Q3 fiscal 2026 was $6.9 million, compared to an operating loss of $4.1 million in the prior year [13] - Net loss in Q3 fiscal 2026 was $3 million, or $0.09 per diluted share, compared to a net loss of $3.2 million, or $0.11 per diluted share in the previous quarter [14][15] - Cash and cash equivalents increased to $70.7 million as of December 31, 2025, primarily due to $46.9 million in net proceeds from a registered direct offering [17] Business Line Data and Key Metrics Changes - Sales to KYEC were $1.1 million, or 17.9% of net revenues, down from $1.2 million, or 22.7% in the same period a year ago [10] - Sales to Nokia increased to $675,000, or 11.1% of net revenues, compared to $239,000, or 4.4% in the same period a year ago [11] - Military defense sales accounted for 28.5% of third-quarter shipments, slightly down from 30% in the comparable quarter a year ago [11] Market Data and Key Metrics Changes - The company is focusing on defense applications, which have shown early success, particularly with the U.S. Department of Defense [21] - The partnership with G2 Tech aims to leverage the company's technology for real-world applications, including drones and smart cities [24] Company Strategy and Development Direction - The company is advancing its APU roadmap and hardware development, with plans to tape out Plato in early 2027 [3] - The partnership with G2 Tech for the Sentinel program is expected to enhance the company's capabilities in autonomous perimeter security [4] - The focus is on non-dilutive R&D funding through government defense programs and strategic partnerships to support development [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong demand from major customers in the first half of calendar 2026 [3] - The company anticipates receiving over $1 million in government funding for the Sentinel project, which will offset R&D expenses [6] - The outlook for Q4 fiscal 2026 is net revenues in the range of $5.7 million to $6.5 million, with a gross margin of approximately 54% to 56% [18] Other Important Information - The company is expanding cash disclosures in its quarterly earnings to provide better insights into cash consumption and generation [16] - Total operating expenses in Q3 fiscal 2026 were $10.1 million, up from $7 million in the prior year [12] Q&A Session Summary Question: Importance of defense applications for Gemini 2 - Management highlighted that military and defense sectors have been the quickest to adopt their technology, with successful partnerships and applications already established [21][24] Question: Timelines for government funding - Management indicated a continuous pipeline of submissions for SBIRs and other funding opportunities, emphasizing the non-dilutive nature of this funding [26]

Financial Performance - In the third quarter of fiscal 2026, GSI Technology reported net revenues of $6.1 million, a 12% increase year-over-year from $5.4 million in the same quarter of fiscal 2025[4]. - Gross margin for the third quarter of fiscal 2026 was 52.7%, down from 54.0% in the same quarter of the previous year, primarily due to product mix[4]. - Operating loss for the third quarter of fiscal 2026 was $(6.9) million, compared to an operating loss of $(4.1) million in the prior-year period[8]. - Net loss for the third quarter of fiscal 2026 was $(3.0) million, or $(0.09) per diluted share, an improvement from a net loss of $(4.0) million, or $(0.16) per diluted share, in the same quarter of fiscal 2025[9]. Cash and Assets - Cash and cash equivalents increased to $70.7 million as of December 31, 2025, up from $13.4 million at the end of March 2025, reflecting $46.9 million in net proceeds from a Registered Direct Offering[12]. - Total assets increased to $98,460 million as of December 31, 2025, compared to $43,317 million on March 31, 2025[22]. - Cash and cash equivalents rose significantly to $70,672 million from $13,434 million[22]. - Stockholders' equity improved to $83,620 million, up from $28,226 million[22]. - Current liabilities increased slightly to $7,613 million from $7,074 million[22]. - Long-term liabilities decreased to $7,227 million from $8,017 million[22]. - Accounts receivable decreased to $2,832 million from $3,169 million[22]. - Inventory remained relatively stable at $3,876 million compared to $3,891 million[22]. - Operating lease right-of-use assets decreased to $8,590 million from $9,547 million[22]. - Other current assets decreased to $1,933 million from $2,961 million[22]. - Other assets increased slightly to $9,654 million from $9,507 million[22]. Research and Development - Research and development expenses for the third quarter of fiscal 2026 were $7.5 million, up from $4.0 million in the prior-year period, driven by the development of new technologies[6]. - GSI Technology expects net revenues for the upcoming fiscal fourth quarter to be in the range of $5.7 million to $6.5 million, with gross margin anticipated to be approximately 54% to 56%[3]. - The company is advancing its APU roadmap and pursuing initial design wins for Gemini-II in defense-oriented programs and select commercial edge deployments[3]. - GSI Technology announced a proof-of-concept with G2 Tech and two government agencies, expecting roughly $1 million in government funding[6]. Sales Performance - Sales to KYEC were $1.1 million, representing 17.9% of net revenues, while sales to Nokia increased to $675,000, or 11.1% of net revenues, compared to the same period last year[5].

SUNNYVALE, Calif., Jan. 29, 2026 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2025. Summary Comments for Third Quarter Fiscal Year 2026 Revenue increased 12% year-over-year, fueled by strong market momentum for leading SRAM solutionsQuarter-end cash balance of $70.7 million, up from $13.4 million at the end of Q4 FY2025, including $46.9 million in net proceeds from the Registered Direct Offering in October 2025Subseq ...