GSI Technology, Inc. (NASDAQ: GSIT ) is one of the Best Semiconductor Stocks to Buy Under $30. On May 7, the company reported its financial results for Q4 2026 and FY 2026, with yearly revenue rising 22% to $25.1 million, thanks to robust SRAM sales to chip design and simulation customers.
Furthermore, the gross margin increased to 54.5% from 49.4% because of a favorable product mix weighted towards higher-margin SRAM products. Overall, GSI Technology, Inc. (NASDAQ:GSIT) saw strong progress in FY 2026, amidst improvement in SRAM revenue, third-party validation of its APU’s performance-per-watt advantage, and initial customer engagements for Gemini-II.
For Q1 2027, GSI Technology, Inc. (NASDAQ:GSIT) expects net revenues of between $5.9 million – $6.7 million, with the gross margin of ~54% – 56%. The company reported a quarter-end cash balance of $67.2 million in cash and no debt, resulting in a healthy balance sheet to help the ongoing initiatives through Gemini-II commercialization.
GSI Technology, Inc. (NASDAQ:GSIT) is engaged in designing, developing, and marketing semiconductor memory solutions.
While we acknowledge the potential of GSIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts .
Disclosure: None. Follow Insider Monkey on Google News .
