GSI Technology Q1 FY27 net loss widens to $4.8 million; gross margin falls 4.7 percentage points to 53.4%
GSIT•Q1 FY2027 results
- GSI Technology posted Q1 FY2027 net revenue of $6.3 million, flat year over year; net loss widened to $4.8 million.
- Gross margin fell 4.7 percentage points to 53.4% due to product mix; operating loss widened to $5.4 million.
- Operating expenses climbed to $8.8 million from $5.8 million, driven by higher R&D tied to Plato design services.
Cash position and outlook
- Quarter-end cash rose to $77 million from $67.2 million, reflecting $9.3 million of ATM proceeds.
- Sentinel lab testing completed with favorable feedback; Smart City Phase I remains on track for November 2026, with Q2 revenue seen at $5.7 million-$6.5 million.
