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GSI Technology Q2 revenue up 42% on SRAM demand

Overview

GSI Technology fiscal Q2 revenue grows 42% yr/yr, driven by demand for SRAM solutions

Net loss for fiscal Q2 narrows compared to prior year, reflecting improved financial performance

Company closes $50 mln direct offering to fund APU product line development

Outlook

Company expects Q3 net revenues between $6.0 mln and $6.8 mln

Company anticipates Q3 gross margin of approximately 54% to 56%

GSI Technology focuses on Gemini-II and Plato chip for edge AI market

Result Drivers

SRAM DEMAND - Revenue growth driven by strong demand for SRAM solutions

GEMINI-I VALIDATION - Cornell research validated Gemini-I APU's performance against NVIDIA's A6000 GPU with lower energy use

GEMINI-II DEVELOPMENT - Gemini-II APU development poised to enhance processing power and energy efficiency

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$6.44 mln
Q2 EPS-$0.11
Q2 Net Income-$3.18 mln
Q2 Operating Expenses$6.72 mln
Q2 Operating Income-$3.18 mln
Press Release: ID:nGNX98rmxW For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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