GSI Technology's first quarter revenue misses estimates while loss per share beats amid rising R&D spend.

GSI Technology reported first quarter fiscal 2027 revenue of $6.3 million, flat year-over-year, and a net loss of ($0.13) per share, compared to a loss of ($0.08) in the same period last year.

Key Highlights

• Revenue of $6.3 million was flat year-over-year, missing the $7.0 million consensus estimate, reflecting stable performance in its core SRAM business.
• Loss per share of ($0.13) was better than analyst expectations for a ($0.19) loss, despite a significantly wider operating loss from increased investment.
• Gross margin declined to 53.4% from 58.1% a year ago due to product mix, missing the 55.0% estimate.
• Operating expenses increased 52% to $8.8 million, driven by a near-doubling of R&D costs for the development of the next-generation Plato AI processor.