(GSIT) GSI Technology - Overview
Stock: Associative Processing Unit, SRAM, Radiation-Hardened Memory
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 97.9% |
| Relative Tail Risk | -17.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.99 |
| Alpha | 103.63 |
| Character TTM | |
|---|---|
| Beta | 1.800 |
| Beta Downside | 1.385 |
| Drawdowns 3y | |
|---|---|
| Max DD | 80.39% |
| CAGR/Max DD | 0.63 |
Description: GSIT GSI Technology January 19, 2026
GSI Technology, Inc. (NASDAQ:GSIT) designs, develops, and markets specialty semiconductor memory solutions for a diversified set of end-markets, including networking, industrial test equipment, medical imaging, aerospace, and defense. Its product portfolio spans associative processing units (APUs) for similarity-search workloads, standard SRAM families (SyncBurst, NBT, SigmaQuad, SigmaDDR), and radiation-hardened/tolerant SRAMs tailored to space-borne and missile systems.
The company’s APUs target high-dimensional similarity searches used in e-commerce visual search, computer-vision pipelines, drug-discovery screening, and cyber-security analytics, while its SRAM lines serve OEMs building routers, switches, radar/guidance subsystems, automotive cruise-control modules, ultrasound and CT scanners, and audio/video processors. Sales are executed through a global network of independent representatives and distributors across the United States, China, Singapore, Germany, the Netherlands, and other regions.
According to the most recent Form 10-K (FY 2023), GSIT reported revenue of roughly **$57 million**, a year-over-year decline of 12 % driven by soft demand in the networking segment. The balance sheet held **$115 million** in cash and short-term investments, providing a runway of over 18 months at current burn rates. R&D expenditures averaged **15 % of revenue**, reflecting the capital-intensive nature of custom memory development.
Key macro drivers for GSI’s addressable market include: (1) accelerating AI and edge-computing workloads that increase demand for low-latency, high-throughput memory; (2) rising U.S. defense spending-projected to exceed **$800 billion** in FY 2025-fueling demand for radiation-hardened components; and (3) a modest but steady growth in the global SRAM market, estimated at a **CAGR of 4 %** through 2028, driven by automotive and IoT applications. Conversely, the company remains exposed to cyclical memory pricing pressure and the competitive threat from larger foundries offering standard-cell SRAM at lower cost.
For a data-driven deep-dive into GSIT’s valuation metrics and scenario analysis, you might find the free research tools on **ValueRay** useful.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -10.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.08 > 0.02 and ΔFCF/TA 34.73 > 1.0 |
| NWC/Revenue: 282.6% < 20% (prev 90.56%; Δ 192.1% < -1%) |
| CFO/TA -0.08 > 3% & CFO -7.83m > Net Income -10.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 10.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (34.5m) vs 12m ago 35.09% < -2% |
| Gross Margin: 55.43% > 18% (prev 0.48%; Δ 5495 % > 0.5%) |
| Asset Turnover: 34.62% > 50% (prev 44.83%; Δ -10.21% > 0%) |
| Interest Coverage Ratio: -208.7 > 6 (EBITDA TTM -10.7m / Interest Expense TTM 52.0k) |
Altman Z'' -0.04
| A: 0.71 (Total Current Assets 77.4m - Total Current Liabilities 7.61m) / Total Assets 98.5m |
| B: -0.36 (Retained Earnings -35.2m / Total Assets 98.5m) |
| C: -0.15 (EBIT TTM -10.9m / Avg Total Assets 71.3m) |
| D: -2.38 (Book Value of Equity -35.3m / Total Liabilities 14.8m) |
| Altman-Z'' Score: -0.04 = B |
Beneish M -3.59
| DSRI: 0.61 (Receivables 2.83m/3.69m, Revenue 24.7m/19.8m) |
| GMI: 0.87 (GM 55.43% / 48.01%) |
| AQI: 0.54 (AQ_t 0.12 / AQ_t-1 0.22) |
| SGI: 1.25 (Revenue 24.7m / 19.8m) |
| TATA: -0.03 (NI -10.7m - CFO -7.83m) / TA 98.5m) |
| Beneish M-Score: -3.59 (Cap -4..+1) = AAA |
What is the price of GSIT shares?
Over the past week, the price has changed by -17.01%, over one month by -12.31%, over three months by -25.63% and over the past year by +116.45%.
Is GSIT a buy, sell or hold?
What are the forecasts/targets for the GSIT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8 | 22.7% |
| Analysts Target Price | 8 | 22.7% |
| ValueRay Target Price | 6.4 | -1.5% |
GSIT Fundamental Data Overview February 01, 2026
P/B = 3.0408
P/EG = 74.0
Revenue TTM = 24.7m USD
EBIT TTM = -10.9m USD
EBITDA TTM = -10.7m USD
Long Term Debt = 9.64m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 1.64m USD (from shortTermDebt, last fiscal year)
Debt = 9.64m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -70.7m USD (from netDebt column, last quarter)
Enterprise Value = 203.6m USD (264.7m + Debt 9.64m - CCE 70.7m)
Interest Coverage Ratio = -208.7 (Ebit TTM -10.9m / Interest Expense TTM 52.0k)
EV/FCF = -25.85x (Enterprise Value 203.6m / FCF TTM -7.88m)
FCF Yield = -3.87% (FCF TTM -7.88m / Enterprise Value 203.6m)
FCF Margin = -31.91% (FCF TTM -7.88m / Revenue TTM 24.7m)
Net Margin = -43.15% (Net Income TTM -10.7m / Revenue TTM 24.7m)
Gross Margin = 55.43% ((Revenue TTM 24.7m - Cost of Revenue TTM 11.0m) / Revenue TTM)
Gross Margin QoQ = 52.67% (prev 54.83%)
Tobins Q-Ratio = 2.07 (Enterprise Value 203.6m / Total Assets 98.5m)
Interest Expense / Debt = 0.54% (Interest Expense 52.0k / Debt 9.64m)
Taxrate = 21.0% (US default 21%)
NOPAT = -8.57m (EBIT -10.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 10.16 (Total Current Assets 77.4m / Total Current Liabilities 7.61m)
Debt / Equity = 0.12 (Debt 9.64m / totalStockholderEquity, last quarter 83.6m)
Debt / EBITDA = 6.60 (negative EBITDA) (Net Debt -70.7m / EBITDA -10.7m)
Debt / FCF = 8.97 (negative FCF - burning cash) (Net Debt -70.7m / FCF TTM -7.88m)
Total Stockholder Equity = 46.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -14.94% (Net Income -10.7m / Total Assets 98.5m)
RoE = -22.69% (Net Income TTM -10.7m / Total Stockholder Equity 46.9m)
RoCE = -19.18% (EBIT -10.9m / Capital Employed (Equity 46.9m + L.T.Debt 9.64m))
RoIC = -24.70% (negative operating profit) (NOPAT -8.57m / Invested Capital 34.7m)
WACC = 12.12% (E(264.7m)/V(274.3m) * Re(12.55%) + D(9.64m)/V(274.3m) * Rd(0.54%) * (1-Tc(0.21)))
Discount Rate = 12.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 16.89%
Fair Price DCF = unknown (Cash Flow -7.88m)
EPS Correlation: 50.12 | EPS CAGR: 32.53% | SUE: 0.0 | # QB: 0
Revenue Correlation: -45.91 | Revenue CAGR: -9.21% | SUE: 1.72 | # QB: 2