GSI Technology Inc logo

GSI Technology Inc(GSIT)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$5.22
09/17/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for GSIT

09/17/2026: GSIT (1-star) is currently NOT-A-BUY. Pass it for now.

GSI Technology is a specialized semiconductor company transitioning from its legacy high-performance SRAM business toward developing proprietary compute-in-memory AI hardware. Its primary strength lies in its unique Gemini APU architecture, which addresses specific bottlenecks in AI processing. The investment narrative is heavily focused on the successful commercial adoption of these AI chips, which represents a significant growth opportunity. However, investors face high execution and competition risks, as GSI operates against much larger industry incumbents with deeper resources. The stock is best suited for growth-oriented investors with high risk tolerance who are looking for speculative exposure to AI infrastructure and niche semiconductor markets.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company is a speculative play on AI hardware growth, suitable only for investors with a high risk tolerance.
Momentum investorStrong fit while signal remains positiveThe stock can experience significant volatility driven by news related to AI industry trends.
Value investorWeak fitThe company's lack of consistent earnings makes standard valuation metrics difficult to apply.
Dividend investorWeak fitNo dividend payments are provided.
Low-risk investorWeak fitHigh volatility and operational uncertainty make this unsuitable for risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is susceptible to sharp price swings based on speculative sentiment.
Valuation riskMedium / highValuations are not supported by current cash flow.
Competition risk (AI hardware)HighGSI competes against industry giants with much larger R&D budgets.
Business qualityMediumThe business relies on transitioning from a legacy product to an unproven new market.
Dividend incomeLow / noneNo income is returned to shareholders.
Execution riskHighSuccess depends entirely on the commercial adoption of the Gemini APU.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -23.7%
Avg. Invested days 24
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/17/2026

Upturn Scorecard

Upturn Star Rating

GSIT receives a 3-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

GSIT has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2026 versus FY2025, solid revenue growth (+22.4%) is partially offset by negative earnings growth (-24.5%), soft cash generation (FCF margin -65.3%), soft profitability (net margin -52.7%).

Financial Health Rating

GSIT's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 71.5%). Profitability is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Revenue growth is GSIT's strongest growth driver at +22.4% FY2026 versus FY2025 (solid, 4 stars). By comparison, while earnings growth (-24.5%, negative) and free-cash-flow growth (-26.0%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 38.9% and approximately 84.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 8.07% supports management-shareholder alignment.

Top 5 Institutional Investors

Vanguard Capital Management, LLC 3.33%
Two Sigma Investments LLC 2.28%
Silverberg Bernstein Capital Management LLC 2.04%
T. Rowe Price Associates, Inc. 1.93%
Marshall Wace Asset Management Ltd 1.66%

Unit Economics (Per $1K Revenue)

GSIT generates approximately $545 of gross profit, $-696 of operating income, and $-653 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 0.99%

Quantitative Style Profile

GSIT has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 184.67M USD
Price to earnings Ratio -
1Y Target Price 9
Price to earnings Ratio -
1Y Target Price 9
Volume (30-day avg) 482.5K shares
Beta 2.1
52 Weeks Range 3.57 - 18.15
Updated Date 09/17/2026
52 Weeks Range 3.57 - 18.15
Updated Date 09/17/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.46

How Company Makes Money

Business areaWhat it includesRetail investor read
SRAM ProductsSpecialized, high-speed memory modules for networking and defense.The stable but slow-growing base business that funds R&D.
Gemini APUNext-generation compute-in-memory processors for AI and Big Data.The speculative growth engine of the company.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 66.23
Enterprise Value 119.44M
Price to Sales(TTM) 7.34
Enterprise Value 119.44M
Price to Sales(TTM) 7.34
Enterprise Value to Revenue 4.75
Enterprise Value to EBITDA -6.11
Shares Outstanding 38.43M
Shares Floating 32.60M
Shares Outstanding 38.43M
Shares Floating 32.60M
Percent Insiders 8.07
Percent Institutions 38.87

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About GSI Technology Inc

Exchange NASDAQ
Headquarters Sunnyvale, CA, United States
IPO Launch date 2007-03-29
Co-Founder, President, CEO & Chairman Mr. Lee-Lean Shu
Sector Technology
Industry Semiconductors
Full time employees 125
Full time employees 125

GSI Technology, Inc. designs, develops, and markets semiconductor memory solutions for networking, industrial, test equipment, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which focus on applications using similarity search in visual search queries for e-commerce, computer vision, drug discovery, cybersecurity, and service markets. The company also provides static random-access memory (SRAM) products, including SyncBurst, NBT, SigmaQuad, and SigmaDDR. In addition, it offers radiation-hardened and radiation-tolerant SRAMs for networking and telecommunications, test and measurement, military/defense and aerospace applications, such as networking satellites and missiles. The company's products are used as components by the original equipment manufacturer customers, including KYEC, Cadence Design Systems, and Nokia for including radar and guidance systems and satellites; test and measurement applications; automotive applications comprising smart cruise control; medical applications, such as ultrasound and CAT scan equipment; and audio/video processing. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.