Quarterly net loss of $7.0M against a loss of $3.2M a year earlier; GSI Technology's losses widen as it pivots to Gemini-II AI chip commercialization

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~2 min read

Key Changes

• high

  Net loss widened 120.4% to $7.0 million in the September quarter, with diluted EPS of -$0.18, as R&D spending surged 60.5% to $6.0 million.

  MD&A: Results verify on EDGAR →
• high

  Operating cash flow for the six months was -$11.9 million, down from -$2.6 million a year earlier, reflecting the deeper losses.

  Cash Flow verify on EDGAR →
• high

  Customer concentration shifted sharply: KYEC rose to 20% of quarterly revenue from 12%, while Nokia fell from 18% to 3%.

  Notes: Concentration verify on EDGAR →