Semiconductor firm reports quarterly GAAP loss amid revenue decline, missing analyst expectations for the period.
GSI Technology reported a GAAP loss per share of $0.42 for the quarter, alongside revenue of $25.1 million. The results reflect ongoing challenges in the semiconductor sector, with revenue down from the prior period.
Analysts had anticipated a narrower loss and higher revenue, underscoring weaker-than-expected performance. The company’s prior quarter saw slightly better figures, though industry-wide demand softness persists.
Shares showed limited movement in after-hours trading, as investors weighed the results against broader market conditions.