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GSI (GSIT) investor relations material
GSI Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Cornell University published a paper validating Gemini-I chips' AI performance and energy efficiency, boosting credibility and market interest.
Secured $50 million in equity financing post-quarter to accelerate Gemini-II and Plato development.
Revenue grew 3% sequentially and 42% year-over-year, driven by strong demand for SRAM solutions.
Focused on edge and defense applications, with ongoing POC and SBIR projects targeting drones, military vehicles, and satellites.
Cash balance increased to $25.3 million at quarter-end, up from $13.4 million at the end of Q4 FY2025.
Financial highlights
Q2 FY26 net revenues were $6.44 million, up from $4.55 million in Q2 FY25 and $6.28 million in Q1 FY26.
Gross margin was 54.8%, up from 38.6% a year ago but down from 58.1% in the prior quarter.
Operating loss was $3.2 million, improved from $5.6 million in Q2 FY25 but higher than $2.2 million in Q1 FY26.
Net loss was $3.2 million ($0.11 per diluted share), compared to $5.5 million ($0.21) in Q2 FY25 and $2.2 million ($0.08) in Q1 FY26.
Working capital at $26.8 million and stockholders' equity at $38.6 million as of September 30, 2025.
Outlook and guidance
Q3 FY26 net revenues expected between $6.0 million and $6.8 million, with gross margin of 54% to 56%.
Focus remains on bringing Gemini-II to market, advancing Plato, and expanding commercial relationships.
Benchmark results for multi-modal LLM targeting edge applications expected by December 31, 2025.
Anticipates pilot Gemini-II shipments in H1 2026 and potential for substantial revenues in H2 2026.
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