GSI Technology Q2 net loss widens to $7.0 million; gross margin falls to 48.5%
GSI Technology reported second-quarter fiscal 2027 net revenue of $6.0 million, down from $6.4 million a year earlier, while its net loss widened to $7.0 million from $3.2 million. Gross margin fell below the company's own guidance, and it expects third-quarter gross margin of approximately 38% to 40%, which points to continued pressure on profitability for shareholders.
Key points
- Net revenue was $6.0 million, within guidance of $5.7 million to $6.5 million, but below $6.4 million a year earlier.
- Gross margin was 48.5% versus 54.8% a year earlier and below guidance of about 53% to 55%; net loss was $(0.18) per diluted share versus $(0.11).
- Third-quarter fiscal 2027 outlook: net revenues of $5.0 million to $6.0 million and gross margin of about 38% to 40%, with price increases for new orders immediately and for existing backlog effective January 1, 2027.
- Cash and cash equivalents were $69.2 million at September 30, 2026, versus $67.2 million at March 31, 2026.
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 November 05, 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.