GSI Technology Reports FY2026 Results as Gemini‑II Moves Toward June Defense Demo

Overview

• GSI Technology posted fiscal 2026 revenue of $25.1 million with a 54.5% gross margin and a net loss of $13.2 million.
• The company ended the year with $67.2 million in cash and no debt, and it guided next quarter revenue to $5.9 million to $6.7 million with gross margin of about 54% to 56%.
• Gemini‑II, GSI’s low‑power edge AI chip, completed software for a Sentinel drone trial and is slated for a June demonstration for the U.S. Department of Defense and an international defense agency.
• In a competitive test for the drone program, Gemini‑II produced a first token in about three seconds at roughly 30 watts on a Gemma 312B multimodal task, a speed metric that matters for fast threat detection.
• New funding streams include a U.S. Army SBIR Phase II award of about $2 million to ruggedize Gemini‑II and a Phase One smart‑city project that uses distributed cameras to flag fires and other public safety risks in near real time.