---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004738"
form_type: "8-K"
ticker: "GSIT"
cik: "0001126741"
company_name: "GSI TECHNOLOGY INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:45:18.202433+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GSI Tech Q1 net loss widens to $5.1M on revenue decline; guides Q2 rev $5.2-6.0M

## Summary
- Net revenues $5.6M, down 37% YoY from $8.9M; net loss $(0.21)/share vs $(0.16)/share YoY.
- Gross margin 54.9% vs 60.2% YoY; operating loss $(5.1M) vs $(3.9M).
- Cash, equivalents & ST investments $27.7M at quarter end, down from $30.6M; no debt.
- Q2 guidance: net revenue $5.2M-$6.0M, gross margin 56%-58%.
- Gemini-II tape-out on track for September quarter; new APU space wins announced.

## SEC filing metadata
- accession: 0001171843-23-004738
- form_type: 8-K
- ticker: GSIT
- cik: 0001126741
- company_name: GSI TECHNOLOGY INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126741/000117184323004738/0001171843-23-004738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126741/000117184323004738/f8k_072723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004738
- JSON: https://secwatch.observer/filing/0001171843-23-004738.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004738.txt

## Key facts
- Earnings Releases
  GSI TECHNOLOGY INC reported first fiscal quarter ended June 30, 2023 results: revenue $5.6 million, net income $(5.1 million), EPS $(0.21) per diluted share. Guidance initiated.
  - Period: first fiscal quarter ended June 30, 2023
  - Revenue: $5.6 million
  - Net income: $(5.1 million)
  - EPS: $(0.21) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: The Company reported a net loss of $(5.1 million), or $(0.21) per diluted share, on net revenues of $5.6 million for the first quarter of fiscal 2024, compared to a net loss of $(4.0 million), or $(0.16) per diluted share, on net revenues of $8.9 million for the first quarter of fiscal 2023 and a net loss of $(4.0 million), or $(0.16) per diluted share, on net revenues of $5.4 million for the fourth quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126741/000117184323004738/0001171843-23-004738-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.