GSI Technology (NASDAQ:GSIT) Issues Earnings Results

Key Points

• GSI Technology reported a quarterly earnings per share (EPS) of ($0.08), accompanied by a negative net margin of 62.96% and a negative return on equity of 45.71%.
• The company's stock price has decreased by 13.8%, trading at $3.75, with a market cap of approximately $109.09 million.
• Jones Financial Companies Lllp recently acquired 39,282 shares of GSI Technology, marking a growing interest from institutional investors, who now own 33.15% of the company.

GSI Technology (NASDAQ:GSIT - Get Free Report) issued its earnings results on Thursday. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $6.28 million during the quarter. GSI Technology had a negative return on equity of 45.71% and a negative net margin of 62.96%. GSI Technology updated its Q2 2026 guidance to EPS.

GSI Technology Stock Performance

GSIT traded up $0.12 during mid-day trading on Monday, reaching $3.87. 46,157 shares of the stock were exchanged, compared to its average volume of 901,354. The stock has a market capitalization of $112.43 million, a PE ratio of -7.16 and a beta of 1.23. The company has a 50 day moving average price of $3.86 and a two-hundred day moving average price of $3.24. GSI Technology has a 1 year low of $1.62 and a 1 year high of $5.89.

Institutional Investors Weigh In On GSI Technology

A hedge fund recently bought a new stake in GSI Technology stock. Jones Financial Companies Lllp bought a new position in shares of GSI Technology, Inc. (NASDAQ:GSIT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 39,282 shares of the semiconductor company's stock, valued at approximately $80,000. Jones Financial Companies Lllp owned 0.15% of GSI Technology at the end of the most recent reporting period. 33.15% of the stock is currently owned by institutional investors.

About GSI Technology

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.