GSI Technology Q2 revenue up 42% on SRAM demand

Reuters10-31
GSI Technology <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 42% on SRAM demand

Overview

  • GSI Technology fiscal Q2 revenue grows 42% yr/yr, driven by demand for SRAM solutions

  • Net loss for fiscal Q2 narrows compared to prior year, reflecting improved financial performance

  • Company closes $50 mln direct offering to fund APU product line development

Outlook

  • Company expects Q3 net revenues between $6.0 mln and $6.8 mln

  • Company anticipates Q3 gross margin of approximately 54% to 56%

  • GSI Technology focuses on Gemini-II and Plato chip for edge AI market

Result Drivers

  • SRAM DEMAND - Revenue growth driven by strong demand for SRAM solutions

  • GEMINI-I VALIDATION - Cornell research validated Gemini-I APU's performance against NVIDIA's A6000 GPU with lower energy use

  • GEMINI-II DEVELOPMENT - Gemini-II APU development poised to enhance processing power and energy efficiency

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$6.44 mln

Q2 EPS

-$0.11

Q2 Net Income

-$3.18 mln

Q2 Operating Expenses

$6.72 mln

Q2 Operating Income

-$3.18 mln

Press Release: ID:nGNX98rmxW

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment