Revenue: As of FY2026 Q3, the actual value is USD 6.076 M.EPS: As of FY2026 Q3, the actual value is USD -0.09.EBIT: As of FY2026 Q3, the actual value is USD -7.204 M.<h4>Segment Revenue</h4>Net revenues for GSI Technology, Inc. increased by 12.2% to $6.1 million for the three months ended December 31, 2025, from $5.4 million in the prior year period. For the nine months ended December 31, 2025, net revenues rose by 28.5% to $18.8 million, up from $14.6 million in the prior year period.Revenue by customer type for the nine months ended December 31, 2025, included $1,003 thousand from contract manufacturers, $17,457 thousand from distribution, and $343 thousand from OEMs, compared to $1,403 thousand, $13,161 thousand, and $71 thousand, respectively, in 2024.Geographically, for the nine months ended December 31, 2025, the United States generated $10,348 thousand, China $2,700 thousand, Singapore $1,924 thousand, Netherlands $368 thousand, Germany $2,624 thousand, and the rest of the world $839 thousand. This compares to $5,919 thousand, $3,442 thousand, $1,571 thousand, $458 thousand, $2,692 thousand, and $553 thousand, respectively, in 2024.Customer concentration for the nine months ended December 31, 2025, showed KYEC accounted for 11% of net revenues, Nokia 8%, and Cadence Design Systems 17%.<h4>Operational Metrics</h4>Gross profit increased by 9.5% to $3.2 million for the three months ended December 31, 2025, from $2.9 million in the prior year period. For the nine months, gross profit increased by 51.8% to $10.4 million, up from $6.8 million in the prior year period.Gross margin decreased from 54.0% to 52.7% for the three months ended December 31, 2025, but increased from 46.7% to 55.2% for the nine months ended December 31, 2025.Cost of revenues increased by 15.5% to $2.9 million for the three months ended December 31, 2025, from $2.5 million in the prior year period, and by 8.0% to $8.4 million for the nine months, from $7.8 million in the prior year period. The cost of revenues for the nine months included a provision for excess and obsolete inventories of $232,000, compared to $245,000 in the prior year period.Research and development expenses increased by 84.7% to $7.5 million for the three months ended December 31, 2025, from $4.0 million in the prior year period, primarily due to $3.2 million for intellectual property rights for the Plato project. For the nine months, these expenses increased by 9.8% to $14.3 million, from $13.0 million, partially offset by $1.0 million in government funding received in 2025, compared to $318,000 in 2024.Selling, general and administrative expenses decreased by 11.6% to $2.6 million for the three months ended December 31, 2025, from $3.0 million in the prior year period. For the nine months, these expenses increased by 2.2% to $8.3 million, from $8.2 million in the prior year period.Loss from operations was - $6.9 million for the three months ended December 31, 2025, compared to - $4.1 million in the prior year period. For the nine months, loss from operations was - $12.3 million, compared to - $8.6 million in the prior year period.Net interest income was $298 thousand for the three months ended December 31, 2025, compared to $132 thousand in the prior year period. For the nine months, it was $471 thousand, compared to $381 thousand in the prior year period.Net loss was - $3.0 million for the three months ended December 31, 2025, compared to - $4.0 million in the prior year period. For the nine months, net loss was - $8.4 million, which was unchanged from the prior year period.<h4>Cash Flow</h4>Net cash used in operating activities was - $10.5 million for the nine months ended December 31, 2025, compared to - $11.3 million for the nine months ended December 31, 2024.Net cash provided by (used in) investing activities was - $336 thousand for the nine months ended December 31, 2025, compared to $11.4 million for the nine months ended December 31, 2024.Net cash provided by financing activities was $68.0 million for the nine months ended December 31, 2025, compared to $622 thousand for the nine months ended December 31, 2024.<h4>Unique Metrics</h4>Cash and cash equivalents totaled $70.7 million as of December 31, 2025, compared to $13.4 million as of March 31, 2025.Funding recognized as a reduction to R&amp;D expense from government agreements was $1.0 million in 2025, compared to $318,000 in 2024, for the nine months ended December 31. Total milestone payments received from government agreements were $1.6 million in 2025, compared to $281,000 in 2024, for the same period.GSI Technology, Inc. recorded a gain on change in fair value of warrants liability of $6.2 million and issuance costs associated with warrants liability of - $2.8 million for the three and nine months ended December 31, 2025.<h4>Future Outlook and Strategy</h4>GSI Technology, Inc. anticipates that inflationary pressures, trade barriers, and geopolitical tensions will negatively impact general economic activity and demand in its end markets through fiscal 2026 and into fiscal 2027. The company is shifting its business focus from Very Fast SRAMs to in-place associative computing products and services, including Gemini-I, Gemini-II, and Plato, which demands significant resources for development and commercialization. Furthermore, GSI Technology, Inc. is utilizing revenue from high-speed synchronous SRAM products to fund the development of new radiation-hardened and radiation-tolerant SRAMs.

GSI Tech | 10-Q: FY2026 Q3 Revenue: USD 6.076 M