GSI Technology Reports Q2 Earnings Miss on Lower Revenue and Gross Margins
GSI Technology (GSIT) reported second-quarter financial results that fell short of market expectations. The company posted a GAAP EPS of -$0.18, missing estimates by $0.04, while revenue reached $6 million, representing a 6.3% year-over-year decline and missing targets by $0.2 million. Gross margins also underperformed, dropping to 48.5% compared to the previous 54.8%, which was below the company's projected range of 53%-55%. Management attributed this compression to an unfavorable product mix and increased manufacturing costs. Looking ahead to Q3 FY2027, GSI Technology provided revenue guidance in the range of $5 million to $6 million with expected gross margins between 38% and 40%.