GSI TECHNOLOGY INC
GSIT · Semiconductors & Related Devices · 38.2M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$3M (gross $103K, SBC $3M)
Reference price $10.98 · est. market cap ~$420M — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Memory/AI-chip developer with deep operating losses and cash burn, cushioned by a cash-rich balance sheet.
Strengths
- Cash-rich — current ratio 8.61 (89th)
- Revenue growth — +22.4% (55th)
Risks
- Deep operating losses — operating margin -69.6%, net margin -52.7%
- Cash burn — FCF -$16.4M (14th)
- Customer concentration — risk factors: KYEC/Nokia/Cadence are a significant share of revenue
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -52.7%)
- Cash burnNegative free cash flow (-16.4M)
- Customer concentration~16% of revenue from one customer/distributor — Sales to networking and telecommunications OEMs accounted for 16% to 34% of our net revenues during our last three fiscal years
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 5 notable fund(s): CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC, STATE STREET CORP +2 more (as of 2026-03-31)
- China exposure● Worldwide inflationary pressures, increased or new tariffs, export controls and other trade barriers, trade disputes and increasing geopolitical tensions, the military conflicts in Ukraine and the M
- Insider sellingInsider selling — 21 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$7M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
54.5%
Operating margin
-69.6%
Net margin
-52.7%
Return on equity
-16.2%
Return on assets
-13.5%
Revenue growth (QoQ)
4.0%
Current ratio
8.6×
Free cash flow
-$16M
EBITDA
-$17M
Tangible book value
$73M
Cash & investments
$67M
Cash runway
16q
Stock comp / revenue
11.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | CHUANG PATRICK T | Option exercise | 40K | $4.08 |
| 2026-06-02 | CHUANG PATRICK T | Sell | 40K | $10.98 |
| 2026-06-01 | CHUANG PATRICK T | Sell | 40K | $11.31 |
| 2026-06-01 | CHUANG PATRICK T | Option exercise | 40K | $7.26 |
| 2026-06-01 | Wu Bor-Tay | Option exercise | 20K | $3.68 |
| 2026-06-01 | Wu Bor-Tay | Sell | 20K | $10.93 |
| 2026-05-26 | Wu Ping Tak | Option exercise | 30K | $4.99 |
| 2026-05-26 | Wu Ping Tak | Sell | 30K | $11.01 |
| 2026-05-22 | Wu Bor-Tay | Option exercise | 20K | $2.27 |
| 2026-05-22 | Wu Bor-Tay | Sell | 20K | $10.93 |
| 2026-05-22 | Wu Bor-Tay | Option exercise | 20K | $1.92 |
| 2026-05-22 | Wu Bor-Tay | Sell | 20K | $10.93 |
| 2026-05-21 | Lasserre Didier | Option exercise | 30K | $4.99 |
| 2026-05-21 | Lasserre Didier | Sell | 30K | $9.31 |
| 2026-05-14 | Schirle Douglas | Option exercise | 40K | $4.99 |
| 2026-05-14 | Schirle Douglas | Sell | 40K | $11.32 |
| 2026-05-13 | Shu Lee-Lean | Sell | 10K | $12.51 |
| 2026-05-13 | Akerib Avidan | Option exercise | 20K | $6.16 |
| 2026-05-13 | Akerib Avidan | Sell | 20K | $11.47 |
| 2026-05-13 | Shu Lee-Lean | Option exercise | 10K | $7.26 |
| 2026-05-12 | CHUANG PATRICK T | Option exercise | 40K | $6.70 |
| 2026-05-12 | Wu Ping Tak | Sell | 12K | $10.80 |
| 2026-05-12 | CHUANG PATRICK T | Sell | 40K | $10.68 |
| 2026-05-12 | Akerib Avidan | Option exercise | 347 | $6.16 |
| 2026-05-12 | Akerib Avidan | Sell | 347 | $12.03 |
| 2026-05-11 | Shu Lee-Lean | Sell | 100K | $12.01 |
| 2026-05-11 | Shu Lee-Lean | Option exercise | 33K | $4.99 |
| 2026-05-11 | Shu Lee-Lean | Sell | 33K | $10.09 |
| 2026-05-11 | Shu Lee-Lean | Option exercise | 100K | $7.26 |
| 2026-05-11 | Shu Lee-Lean | Option exercise | 10K | $4.99 |
| 2026-05-11 | Shu Lee-Lean | Sell | 10K | $10.51 |
| 2026-03-17 | Shu Lee-Lean | Option exercise | 37K | $4.99 |
| 2026-03-17 | Shu Lee-Lean | Sell | 37K | $10.01 |
| 2026-03-16 | Shu Lee-Lean | Sell | 31K | $10.02 |
| 2026-03-16 | Shu Lee-Lean | Option exercise | 31K | $4.99 |
| 2026-03-13 | CHUANG PATRICK T | Sell | 40K | $8.56 |
| 2026-03-13 | CHUANG PATRICK T | Option exercise | 40K | $5.58 |
| 2026-03-10 | Wu Bor-Tay | Option exercise | 40K | $4.99 |
| 2026-03-10 | Wu Bor-Tay | Sell | 40K | $8.66 |
| 2026-03-02 | CHUANG PATRICK T | Option exercise | 20K | $3.68 |
| 2026-03-02 | CHUANG PATRICK T | Sell | 20K | $8.37 |
| 2025-11-06 | CHUANG PATRICK T | Option exercise | 20K | $1.92 |
| 2025-11-06 | CHUANG PATRICK T | Option exercise | 20K | $2.27 |
| 2025-11-06 | CHUANG PATRICK T | Sell | 20K | $8.66 |
| 2025-11-06 | CHUANG PATRICK T | Sell | 20K | $8.66 |
| 2025-11-05 | Akerib Avidan | Option exercise | 55K | $3.40 |
| 2025-11-05 | Akerib Avidan | Sell | 55K | $8.54 |
| 2025-11-04 | CHUANG PATRICK T | Option exercise | 40K | $4.99 |
| 2025-11-04 | CHUANG PATRICK T | Sell | 40K | $9.04 |
| 2025-11-04 | Akerib Avidan | Option exercise | 135K | $3.40 |
| 2025-11-04 | Akerib Avidan | Sell | 135K | $9.05 |
| 2025-10-31 | Lu Ruey-Lin | Option exercise | 4.0K | $4.34 |
| 2025-08-07 | Bradley Jack A. | Sell | 6.9K | $3.30 |
| 2025-08-06 | Bradley Jack A. | Sell | 1.1K | $3.50 |
| 2025-08-05 | Akerib Avidan | Option exercise | 10K | $3.40 |
| 2025-08-05 | Akerib Avidan | Sell | 10K | $3.89 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-06-05 | 2026-03-31 | 0001104659-26-070962 ↗ |
| 8-K | 2026-05-28 | 2026-05-26 | 0001104659-26-067475 ↗ |
| 8-K | 2026-05-22 | 2026-05-07 | 0001104659-26-065370 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001171843-26-003155 ↗ |
| 8-K | 2026-03-18 | 2026-03-12 | 0001171843-26-001697 ↗ |
| 10-Q | 2026-02-06 | 2025-12-31 | 0001104659-26-011501 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001171843-26-000515 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001104659-25-108467 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001171843-25-006833 ↗ |
| 8-K | 2025-10-21 | 2025-10-21 | 0001104659-25-101301 ↗ |
| 8-K | 2025-10-21 | 2025-10-21 | 0001104659-25-101048 ↗ |
| 8-K | 2025-08-22 | 2025-08-21 | 0001104659-25-081942 ↗ |