---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006471"
form_type: "8-K"
ticker: "GSIT"
cik: "0001126741"
company_name: "GSI TECHNOLOGY INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T07:55:05.910611+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GSI Tech Q2 rev $5.7M, net loss $(0.16)/share; guides Q3 rev $5.4-6.2M

## Summary
- Net revenues $5.7M vs $9.0M YoY (-36%); net loss $(4.1M) vs $(3.2M) a year ago.
- Gross margin 54.7% vs 62.6% YoY, driven by product mix shift.
- Operating loss $(4.1M); cash & short-term investments $25.3M at Sep 30, 2023 (no debt).
- Nokia sales $1.2M (20.3% of rev); military/defense 34.8% of shipments.
- Q3 FY2024 guidance: net rev $5.4-6.2M, gross margin ~55-57%.

## SEC filing metadata
- accession: 0001171843-23-006471
- form_type: 8-K
- ticker: GSIT
- cik: 0001126741
- company_name: GSI TECHNOLOGY INC
- filed_at: 2023-10-26T23:59:59+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/1126741/000117184323006471/0001171843-23-006471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126741/000117184323006471/f8k_102623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006471
- JSON: https://secwatch.observer/filing/0001171843-23-006471.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006471.txt

## Key facts
- Earnings Releases
  GSI TECHNOLOGY INC reported second fiscal quarter ended September 30, 2023 results: revenue $5.7 million, net income $(4.1 million), EPS $(0.16) per diluted share. Guidance initiated.
  - Period: second fiscal quarter ended September 30, 2023
  - Revenue: $5.7 million
  - Net income: $(4.1 million)
  - EPS: $(0.16) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: calendar year, with sampling scheduled for the second half of the year.” Mr. Shu continued, “Turning to our financial results for the second quarter of fiscal 2024, revenue of $5.7 million was at the high end of our guidance. Also, it is worth noting that our second-quarter fiscal year 2023 revenue was boosted by inventory builds with several key customers, which
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126741/000117184323006471/0001171843-23-006471-index.htm

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