GSI Technology, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting financial results for the three and six months ended on that date.

Key Highlights

  • Net loss of $7.021 million for the three months ended September 30, 2026, compared with a net loss of $3.185 million in the same period a year earlier, according to the filing.
  • Six-month net loss of $11.813 million for the period ended September 30, 2026, versus a net loss of $5.402 million in the prior-year comparable period.
  • Net revenues of $6.019 million for the second quarter, down from $6.444 million in the three months ended September 30, 2025.
  • Total operating expenses rose to $10.353 million in the quarter, from $6.720 million a year earlier, driven by increases in both research and development and selling, general and administrative expenses.
  • Cash and cash equivalents of $69.188 million as of September 30, 2026, up from $67.212 million at March 31, 2026.
  • Total stockholders' equity of $86.221 million as of September 30, 2026, with 38,498,500 common shares issued and outstanding.

GSI Technology Reports Wider Losses as Operating Costs Increase in September 2026 Quarter

According to the filing, GSI Technology, Inc. (NASDAQ:GSIT) reported net revenues of $6.019 million for the three months ended September 30, 2026, a decrease from $6.444 million recorded in the three months ended September 30, 2025. For the six-month period ended September 30, 2026, net revenues were $12.331 million, compared with $12.727 million in the prior-year six-month period. Gross profit for the quarter was $2.918 million, down from $3.533 million in the same quarter a year earlier.

The filing disclosed that total operating expenses for the three months ended September 30, 2026 were $10.353 million, compared with $6.720 million for the same period a year earlier. Research and development expenses increased to $6.048 million from $3.768 million, and selling, general and administrative expenses rose to $4.305 million from $2.952 million over the same comparison. The resulting loss from operations for the quarter was $7.435 million, versus a loss from operations of $3.187 million in the prior-year quarter. Interest income, net, was $581 thousand for the quarter, compared with $107 thousand a year earlier.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $101.466 million and total liabilities of $15.245 million. The retained deficit stood at $60.264 million as of September 30, 2026, compared with $48.451 million at March 31, 2026. Common shares outstanding increased to 38,498,500 from 36,602,040 at March 31, 2026. Basic and diluted net loss per share for the three-month period was $(0.18), based on weighted average shares of 38,460 thousand. The filing identifies the company as a non-accelerated filer and smaller reporting company.

What Was Disclosed

GSI Technology filed its quarterly report covering the three and six months ended September 30, 2026, disclosing wider net losses, higher operating expenses, increased cash balances, and a larger share count relative to both the prior quarter and prior-year periods.