GSI Technology’s Q4 2025: Unraveling Contradictions on Gemini-II Interest, Hyperscaler Engagement, and Financial Health

Interest in Gemini-II chip and market applications, relationship and engagement with hyperscalers, partnerships and funding, cash uses in operating activities, and focus on strategic alternatives with Needham are the key contradictions discussed in GSI Technology's latest 2025Q4 earnings call.



Revenue and Earnings Improvement:
- GSI Technology reported $5.9 million in revenue for the fourth quarter of fiscal 2025, up 14% year-over-year and 9% sequentially.
- This growth was driven by strong demand for its SRAM chips and lower operating expenses, leading to a significant reduction in net loss.

Operational Efficiency and Cost Reduction:
- The company reduced its net loss by 47% from $20.1 million in 2024 to $10.6 million in 2025.
- This was primarily due to a 35% reduction in operating expenses through cost restructurings.

Gross Margin Increase and Product Mix:
- Gross margin for the fourth quarter of fiscal 2025 was 56.1%, up from 51.6% in the same period last year.
- The improvement was primarily due to higher revenue and a favorable product mix, including the sale of radiation-hardened SRAM chips with a higher gross margin.

Strategic Initiatives and Market Expansion:
- GSI secured an initial order for radiation-hardened SRAM and is actively working with a prime contractor for follow-on orders.
- The company's expanding its market reach by integrating camera interfaces into its Plato chip, positioning it for growth in AI agent applications for object recognition and decision-making.