GSI Technology, Inc. (GSIT) Earnings
GSI Technology, Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $-0.19. GSIT has beaten EPS estimates in 1 of its last 1 reported quarters (average surprise +31.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.19 | $-0.13 | +31.6% | $6M | -13.4% |
| Jan 29, 2026 | — | $-0.09 | — | $6M | — |
| Oct 30, 2025 | — | $-0.11 | — | $6M | — |
| Jul 31, 2025 | — | $-0.08 | — | $6M | — |
| Jun 18, 2025 | — | $-0.09 | — | $6M | — |
| Jan 30, 2025 | — | $-0.16 | — | $5M | — |
| Oct 24, 2024 | — | $-0.21 | — | $5M | — |
| Jul 25, 2024 | — | $-0.14 | — | $5M | — |
| May 2, 2024 | — | $-0.17 | — | $5M | — |
| Jan 25, 2024 | — | $-0.26 | — | $5M | — |
| Oct 26, 2023 | — | $-0.16 | — | $6M | — |
| Jul 27, 2023 | — | $-0.21 | — | $6M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Physical 2026 was a year of meaningful progress for GSI, with strong performance in SM business, Gemini tool advancement, tool commercialization, and initiation of Pareto design. - SRAM business is the revenue foundation, grew 22% in fiscal 2026 with 55% gross margin, benefited from increased demand for high-performance AI chip development. - Progress with Gemini 2 and Plato: Technical validation and early program-level engagement of Gemini 2, including Sentinel Drone Surveillance POC, U.S. Army SBIR Award, and Smart City Project. - Gemini 2's performance contributed to winning the Sentinel POC contract, working on software deliverables for June demonstration. - Smart City Project leverages drone-based surveillance POC work, expects to share more details in late May. - Priorities are to advance current POCs and awarded programs and leverage learnings for design opportunities.
Guidance
- Fiscal 2027 SRAM business expected to remain relatively stable. - Upcoming quarter (first quarter fiscal 2027) net revenues expected in the range of $5.9 million to $6.7 million, with gross margin approximately 54% to 56%. - Cash usage expected to remain elevated at approximately $4 million per quarter or about $16 million annually during development phase. - Plato tapeout still on schedule for first quarter fiscal 2027, with first wafers in hand in summertime of calendar 2027, Gemini 2 and Plato initial commercialization expected in late fiscal 2027.
Segment performance
SRAM business: In fiscal 2026, it grew 22% year-over-year, with gross margins rising to 55% from 49%. Fourth quarter revenue was $6.3 million with a gross margin of 52.4%. Defense-related sales increased to approximately 46% of total shipments in the fourth quarter.
Analyst Q&A
Q: Share some color on the size of the market for Gemini 2.
A: Markets initially pursued are government, military-based like drone programs, and smart city, both multi-billion dollar markets.
Q: Why the PLATO project has moved up from the first half of 2027 to late fiscal 2027.
A: It's a mixture of calendars and fiscal quarters, still on schedule for PAR taped out in first quarter fiscal 2027 with first wafers in hand in summertime of calendar 2027.
Q: Gemini 2 taped out over two and a half years ago. Is it going to take that long to see expected sales of Plato?
A: Software side of Gemini 2 lagged hardware, with Plato trying to align hardware and software, can leverage some Gemini 2 work for Plato, and lining up resources for Plato software