GSI Technology, Inc.
GSIT Technology Semiconductors
GSI Technology, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $25.1 million, up 22.4% from fiscal 2025. In the quarter to June 2026, revenue was flat, EPS fell 62.5% and free cash flow fell 143.3%, each against the same quarter a year earlier.
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GSI Technology, Inc. (GSIT) Altman Z-score
GSI Technology, Inc.'s Altman Z-score for fiscal 2026 is 5.90, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 5.90 | 4.87 |
| FY2025 | 1.02 | (5.69) |
| FY2024 | 6.71 | 3.51 |
| FY2023 | 3.20 | (2.13) |
| FY2022 | 5.33 | (3.31) |
| FY2021 | 8.63 | (0.37) |
| FY2020 | 9.00 | (0.85) |
| FY2019 | 9.85 | 0.60 |
| FY2018 | 9.25 | 0.57 |
| FY2017 | 8.69 | 3.39 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.71 | — | 0.86 | |
| Retained earnings / total assets | (0.49) | — | −0.69 | |
| EBIT / total assets | (0.18) | — | −0.59 | |
| Market value of equity / total liabilities | 10.11 | — | 6.06 | |
| Sales / total assets | 0.26 | — | 0.26 | |
| Altman Z-score | Safe zone | 5.90 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.18 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ALMU Aeluma, Inc. compare | 62.7× |
| LAES SEALSQ Corp. compare | 7.8× |
| MRAM EVERSPIN TECH compare | 6.9× |
| GSIT GSI Technology, Inc. | 5.9× |
| MX Magnachip Semiconductor Corp. compare | 2.0× |
| VLN Valens Semiconductor, Ltd. compare | 0.9× |
| INDI indie Semiconductor, Inc. compare | −0.2× |
| QUIK QuickLogic Corporation compare | −8.0× |
| GCTS GCT Semiconductor Holding, Inc. compare | −66.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets