<span item_type="fundamental" item_id="787c0ae2c25dc278e8ca502641af3fdd" counter_id="ST/US/GSIT" env="prod"></span><span item_type="announcement" item_id="645837991453857409" env="prod"></span><p>Revenue: As of FY2026, the actual value is USD 25.12 M.</p><p>EPS: As of FY2026, the actual value is USD -0.42.</p><p>EBIT: As of FY2026, the actual value is USD -17.48 M.</p><p></p><h4>Fiscal Year 2026 Financial Highlights (vs. Fiscal Year 2025)</h4><h5>Revenue</h5><p>GSI Technology, Inc.’s revenue increased by 22% to $25.1 million, primarily driven by strong SRAM sales to chip design and simulation customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Gross Margin</h5><p>Gross margin expanded to 54.5% from 49.4%, reflecting a favorable product mix weighted toward higher-margin SRAM products.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Operating Expenses</h5><p>Total operating expenses were $31.2 million in fiscal 2026, compared to $21.0 million in fiscal 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Research and development expenses increased to $19.9 million from $16.0 million, mainly due to costs related to the launch of the Plato chip design.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Selling, general and administrative expenses were $11.2 million, up from $10.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> The prior fiscal year’s operating expenses included a gain of $5.8 million from the sale of assets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Operating Loss</h5><p>The operating loss for fiscal 2026 was -$17.5 million, compared to an operating loss of -$10.8 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Net Loss</h5><p>Net loss for fiscal 2026 was -$13.2 million, or -$0.42 per diluted share, compared to a net loss of -$10.6 million, or -$0.42 per diluted share, for fiscal 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Interest and Other Income, Net</h5><p>Interest and other income, net, was $4.1 million in fiscal 2026, significantly up from $326,000 in fiscal 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Tax Benefit (Provision)</h5><p>The company recorded a tax benefit of $132,000 in fiscal 2026, contrasting with a tax provision of $130,000 in the prior fiscal year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h4>Fourth Quarter Fiscal Year 2026 Financial Highlights (vs. Fourth Quarter Fiscal Year 2025)</h4><h5>Revenue</h5><p>Net revenues for the fourth quarter of fiscal 2026 were $6.3 million, a 7.4% increase year-over-year, driven by continued demand from top SRAM customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> This compares to $5.9 million in the fourth quarter of fiscal 2025 and $6.1 million in the preceding third quarter of fiscal 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Gross Margin</h5><p>Gross margin was 52.4% in the fourth quarter of fiscal 2026, a decrease from 56.1% in the fourth quarter of fiscal 2025, primarily due to product mix.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> It was slightly lower than the 52.7% reported in the third quarter of fiscal 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Operating Expenses</h5><p>Total operating expenses in the fourth quarter of fiscal 2026 were $8.5 million, compared to $5.6 million in the prior-year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Research and development expenses increased to $5.6 million from $3.0 million, partially offset by SBIR awards.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Selling, general and administrative expenses were $2.9 million, up from $2.6 million in the prior year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Operating Loss</h5><p>The fourth quarter fiscal 2026 operating loss was -$5.2 million, compared to an operating loss of -$2.3 million in the prior-year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Net Loss</h5><p>Net loss in the fourth quarter of fiscal 2026 was -$4.8 million, or -$0.13 per diluted share, compared to a net loss of -$2.2 million, or -$0.09 per diluted share, for the fourth quarter of fiscal 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Cash Flow (Fourth Quarter Ended March 31, 2026)</h5><p>Net cash used in operating activities was -$5,452,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Net cash used by investing activities was -$150,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Net cash provided by financing activities was $2,142,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Cash and Cash Equivalents</h5><p>As of March 31, 2026, GSI Technology, Inc. had $67.2 million in cash and cash equivalents, significantly up from $13.4 million at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Working Capital</h5><p>Working capital was $70.0 million as of March 31, 2026, compared to $16.4 million at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h5>Stockholders’ Equity</h5><p>Stockholders’ equity as of March 31, 2026, was $81.8 million, compared to $28.2 million as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h4>Operational Metrics and Business Highlights</h4><p>Subsequent to the fourth quarter end, GSI Technology, Inc. was awarded Phase One of a Smart City Project and secured a U.S. Army SBIR contract valued at approximately $2 million for non-dilutive R&amp;D funding.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> Military/defense sales constituted 45.7% of fourth-quarter shipments, an increase from 30.7% in the comparable prior-year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p><h4>Outlook / Guidance</h4><p>GSI Technology, Inc. expects net revenues for the first quarter of fiscal 2027 to be in the range of $5.9 million to $6.7 million, with a projected gross margin of approximately 54% to 56%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span> The company anticipates fiscal 2027 to be a year of continued execution, focusing on converting engagements into design wins and progressing towards initial Gemini-II revenue.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1126741/000117184326003155/exh_991.htm"></span></p>

GSI Tech | 8-K: FY2026 Revenue: USD 25.12 M