GSI Technology(US:GSIT)2025-10-30 20:05Financial Performance - GSI Technology reported net revenues of $6.44 million for Q2 FY2026, a 41.6% increase year-over-year from $4.6 million in Q2 FY2025[4] - Gross margin for Q2 FY2026 was 54.8%, up from 38.6% in Q2 FY2025, but down from 58.1% in Q1 FY2026[4] - The company achieved a net loss of $(3.2) million in Q2 FY2026, an improvement from a net loss of $(5.5) million in Q2 FY2025[9] - GSI Technology expects net revenues for Q3 FY2026 to be in the range of $6.0 million to $6.8 million, with a gross margin of approximately 54% to 56%[3] Financing and Cash Position - GSI Technology closed a $50 million financing to support the development of the Gemini-II platform and initiate the Plato chip design[3] - The company had a cash balance of $25.3 million at the end of Q2 FY2026, significantly up from $13.4 million at the end of Q4 FY2025[6] Sales and Revenue Sources - Sales to Cadence Design Systems accounted for 21.6% of net revenues in Q2 FY2026, compared to 0% in the same period a year ago[5] - Military/defense sales represented 28.9% of shipments in Q2 FY2026, down from 40.2% in the same period a year ago[5] Research and Development - Research and development expenses were $3.8 million in Q2 FY2026, down from $4.8 million in the prior-year period[7] - The company is developing a multi-modal LLM targeting edge applications, with benchmark results expected by December 31, 2025[6]