Company expects Q2 fiscal 2027 net revenue between $5.7 mln and $6.5 mln
Company sees Q2 fiscal 2027 gross margin of approximately 53% to 55%
AI-assisted SDK release remains on track for September 2026
Overview
AI chipmaker's fiscal Q1 revenue was flat yr/yr at $6.3 mln
Gross margin declined to 53.4% from 58.1% a year ago due to product mix
Operating expenses rose on higher R&D for Plato chip, widening net loss to $4.8 mln
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$6.31 mln
Q1 Operating Expenses
$8.75 mln
Q1 Operating Income
-$5.39 mln
Result Drivers
Product mix - Co said lower gross margin was primarily due to changes in product mix
R&D spending - Higher research and development expenses were driven by external design services for the Plato processor and lower government funding offsets
GSIT•
