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GSI Technology, Inc.

GSIT NASDAQ Categories PDF
Technology · Semiconductors
Sunnyvale, CA 94089, United States IPO 2007 gsitechnology.com Updated Jun 26, 8:00pm
Price
$6.84
Market Cap
$217.8M
Employees
148
Beta
2.01
Avg Volume
1,608,919
CEO
Lee-Lean Shu
Business Description

GSI Technology, Inc. (GSIT) operates as a fabless semiconductor company, specializing in the creation, development, and commercialization of sophisticated memory solutions. These products cater to a global clientele across vital industries such as networking, industrial, medical, aerospace, and defense, with a market presence spanning the United States, China, Singapore, Germany, the Netherlands, and other international territories. A core offering from GSI Technology includes its associative processing unit (APU) products. These innovative units are specifically designed to enable similarity search functionalities, supporting diverse applications like visual search queries in e-commerce, computer vision, pharmaceutical discovery, cybersecurity, and various service sectors. Furthermore, the company provides an extensive portfolio of static random access memory (SRAM) options. This range features SyncBurst SRAMs, suitable for microprocessor caches and other applications; No Bus Turnaround SRAMs, crafted to address specific needs in networking and telecommunications; and SigmaQuad and SigmaDDR products, which meet the high-density and rapid random transaction rate demands of networking and telecom systems. Additionally, GSIT offers Low Latency DRAMs, an optimal solution for advanced data networking, as well as Asynchronous SRAM, serving as primary memory for compact, cache-less embedded processors utilized in industrial electronics, measurement instruments, and cost-sensitive networking equipment. A selection of other specialized SRAMs rounds out their memory offerings. For demanding operational environments, GSI Technology also manufactures radiation-hardened and radiation-tolerant SRAMs, crucial for aerospace and military applications such as networking satellites and missile guidance systems. These semiconductor solutions are integrated as essential components within the final products of the company's Original Equipment Manufacturer (OEM) partners. Their applications are broad, encompassing networking and telecommunications devices (e.g., routers, switches), advanced military and aerospace systems (e.g., radar, guidance systems, satellites), audio/video processing, high-speed test and measurement equipment, automotive technology (e.g., smart cruise control), and medical imaging devices (e.g., ultrasound, CAT scan machines). The distribution of GSI Technology's products is managed through an extensive network of independent sales representatives and authorized distributors. Established in 1995, the company maintains its corporate headquarters in Sunnyvale, California.

Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 24, 2026 1:26pm (2d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-16.29
Stock Price: $6.84
EPS (Diluted): -0.42
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
2.00
Stock Price: $6.84
Total Equity: $81.76M
Shares: 31,839,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-6.23
Market Cap: $217.79M
Total Debt: $0.00
Cash: $67.21M
EBITDA: -$16.85M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$104.9M
Market Cap: $217.79M
Total Debt: $0.00
Cash: $67.21M
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
6.51
Stock Price: $6.84
Revenue: $25.12M
Shares: 31,839,000
EV/Sales (Total value vs revenue — works when P/E can't)
API
4.18
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
54.5%
Gross Profit: $13.70M
Revenue: $25.12M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-69.6%
Operating Income: -$17.48M
Revenue: $25.12M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-52.7%
Net Income: -$13.25M
Revenue: $25.12M
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
-16.2%
Net Income: -$13.25M
Total Equity: $81.76M
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
-118.9%
Operating Income: -$17.48M
Tax Rate: 1.0%
Equity: $81.76M
Total Debt: $0.00
Cash: $67.21M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
8.61
Current Assets: $79.19M
Current Liabilities: $9.20M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $81.76M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.79
Revenue: $25.12M
Shares: 31,839,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$2.57
Total Equity: $81.76M
Shares: 31,839,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.52
Operating CF: -$15.92M
CapEx: -$486,000
Shares: 31,839,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $6.84
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$13.25M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares GSIT against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 1:26pm (2d ago)
Metric 2022 2023 2024 2025 2026
Revenue $33.4M $29.7M $21.8M $20.5M $25.1M
Cost of Revenue $14.8M $12.0M $9.9M $10.4M $11.4M
Gross Profit $18.5M $17.7M $11.8M $10.1M $13.7M
Operating Expenses $34.9M $33.5M $32.3M $21.0M $31.2M
Operating Income -$16.4M -$15.8M -$20.4M -$10.8M -$17.5M
Net Income -$16.4M -$16.0M -$20.1M -$10.6M -$13.2M
EBITDA -$15.0M -$16.7M -$19.5M -$16.0M -$16.8M
EPS $-0.67 $-0.65 $-0.80 $-0.42 $-0.42
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 24, 2026 1:26pm (2d ago)
Metric 2022 2023 2024 2025 2026
Cash & Equivalents $37.0M $27.2M $14.4M $13.4M $67.2M
Total Current Assets $54.7M $41.9M $30.1M $23.5M $79.2M
Total Assets $76.4M $60.0M $42.5M $43.3M $98.0M
Current Liabilities $8.9M $7.2M $5.4M $7.1M $9.2M
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $12.0M $8.5M $6.5M $15.1M $16.2M
Total Equity $64.5M $51.4M $36.0M $28.2M $81.8M
Retained Earnings $11.5M -$4.5M -$24.6M -$35.2M -$48.5M
Cash Flow (Annual)
Last updated: Jun 24, 2026 1:26pm (2d ago)
Metric 2022 2023 2024 2025 2026
Operating Cash Flow -$13.8M -$16.8M -$17.4M -$13.0M -$15.9M
Capital Expenditure $-774,000 $-316,000 $-645,000 $-45,000 $-486,000
Free Cash Flow -$14.6M -$17.2M -$18.0M -$13.0M -$16.4M
Acquisitions (net) $0 $0 $0 $0 $0
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash -$7.3M -$9.8M -$12.8M $-995,000 $53.8M
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 8:00pm (12h ago)
Metric 2030 2031 2032 2033
Revenue $43.8M
$43.8M – $43.8M
$27.3M
$27.3M – $27.3M
$33.0M
$33.0M – $33.0M
$39.4M
$39.4M – $39.4M
EBITDA -$29.4M
-$29.4M – -$29.4M
-$18.3M
-$18.3M – -$18.3M
-$22.2M
-$22.2M – -$22.2M
-$26.4M
-$26.4M – -$26.4M
Net Income -$14.0M
-$14.0M – -$14.0M
-$28.7M
-$28.7M – -$28.7M
-$23.6M
-$23.6M – -$23.6M
-$19.4M
-$19.4M – -$19.4M
EPS
Growth Trends (YoY %)
Last updated: Jun 24, 2026 1:26pm (2d ago)
Metric 2023 2024 2025 2026
Revenue Growth -11.1% -26.7% -5.7% +22.4%
Gross Profit Growth -4.6% -33.1% -14.2% +35.1%
Operating Income Growth +3.3% -29.3% +47.0% -61.3%
Net Income Growth +2.4% -25.7% +47.0% -24.5%
EBITDA Growth -11.1% -16.8% +18.2% -5.6%
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for GSIT — it's generated by the pipeline (market-narrative step).
Community AI Feedback
No community reviews yet for GSIT. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30