GSI Technology Q1 net loss rises to $4.8 million on flat $6.3 million revenue
GSI Technology reported first-quarter fiscal 2027 results for the quarter ended June 30, 2026, with net revenues of $6.3 million, flat from a year earlier, and a net loss of $4.8 million, or $(0.13) per diluted share, compared with a $2.2 million loss, or $(0.08) per share, a year earlier. Higher research and development spending tied to the Plato chip drove the larger loss, and the company guided second-quarter fiscal 2027 net revenues to $5.7 million to $6.5 million.
Key points
- Q1 fiscal 2027 net revenues were $6.3 million, compared with $6.3 million a year earlier and $6.3 million in the prior quarter.
- Gross margin was 53.4%, down from 58.1% a year earlier, mainly due to product mix.
- Research and development expenses rose to $5.9 million from $3.1 million a year earlier, mostly for external design services on the Plato processor.
- Cash and cash equivalents were $77.0 million at June 30, 2026, up from $67.2 million at March 31, 2026, helped by $9.3 million of ATM stock sale proceeds.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.