GSI Technology — Second Quarter Fiscal Year 2027 Earnings Summary

GSI Technology reported net revenues of $6.0 million for the second quarter of fiscal 2027, a decrease from $6.4 million in the same period of the prior year. The company recorded a net loss of $7.0 million, or $0.18 per diluted share, driven by increased operating expenses related to Plato processor development and non-routine legal fees. Gross margin declined to 48.5% due to unfavorable product mix and higher manufacturing costs caused by supply chain constraints. Despite the quarterly loss, the company ended the period with $69.2 million in cash and announced plans to implement price increases to address rising costs.