GSI Technology Reports 35% YoY Revenue Growth in Q1 FY2026; Gross Margin Hits 58.1%

Reuters
Aug 01
GSI Technology Reports 35% YoY Revenue Growth in Q1 FY2026; Gross Margin Hits 58.1%

GSI Technology, Inc. has announced its financial results for the first quarter of fiscal 2026, ending on June 30, 2025. The company reported net revenues of $6.3 million, marking an increase from $4.7 million in the same quarter of the previous year and $5.9 million in the preceding fourth quarter. The gross margin improved to 58.1%, up from 46.3% year-over-year and 56.1% from the previous quarter, primarily due to product mix and the impact of higher revenue on fixed costs. In its outlook for the second quarter of fiscal 2026, GSI Technology expects net revenues to range between $5.9 million and $6.7 million, with a gross margin of approximately 56% to 58%. Additionally, the company highlighted the production readiness of its Gemini-II Second Silicon, which is designed for edge-based large language models (LLMs) and optimized for edge applications. The company plans to share benchmark results for this product by fall 2025.

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