GSI Technology, Inc. Announces Second Quarter of Fiscal Year 2027 Results

Higher manufacturing costs and an unfavorable product mix pushed gross margin below guidance.

Rhea-AI Summary

GSI Technology (NASDAQ: GSIT) reported fiscal second-quarter revenue of $6.019 million, down from both the year-earlier and preceding quarters. For the quarter ended September 30, 2026, revenue met guidance, but gross margin of 48.5% missed the 53%–55% forecast. Net loss widened to $7.021 million, or $0.18 per diluted share, from $3.185 million, or $0.11, a year earlier. Cash ended at $69.188 million, versus $77.045 million in June.

Smart Guardian Eye began live monitoring after acceptance of its initial Phase I stage. GSI targets Plato chip-design completion in March 2027. The company expects third-quarter revenue of $5.0 million–$6.0 million and gross margin of approximately 38%–40%. It plans immediate price increases for new orders and increases for existing backlog effective January 1, 2027, anticipating revenue and margin recovery beginning in the fourth quarter.

14 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 16 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.GSI plans price increases immediately for new orders and January 1, 2027, for existing backlog.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Management expects pricing adjustments and improved availability to support revenue and margin recovery beginning fiscal Q4 2027.
• Minor pointSmart Guardian Eye began live monitoring after Hsinchu County accepted the initial stage of Phase I.
• Minor point. Forward-looking: it has not happened yet and may not happen.Plato remains on schedule for March 2027 chip-design completion; initial chip sampling is targeted for late summer 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.AI-assisted software development kit beta is expected before December 2026 ends; commercial release is targeted for first-half 2027.

9 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.GSI plans a Phase II proposal for Smart Guardian Eye.
• Minor point. Forward-looking: it has not happened yet and may not happen.GSI aims to secure a strategic partner to enter markets it lacks resources to pursue independently.
• Minor pointKYEC revenue reached $1.2 million, versus $802,000 a year earlier and $1.0 million in the prior quarter.
• Minor pointNokia revenue reached $376,000, versus $200,000 a year earlier and $307,000 in the prior quarter.
• Minor pointMilitary/defense shipment share rose to 46.7%, versus 28.9% a year earlier and 31.3% in the prior quarter.
• Minor pointGovernment research funding increased to $556,000, versus $279,000 a year earlier and $336,000 in the prior quarter.
• Minor pointInterest and other income increased to $569,000, versus $43,000 a year earlier and $517,000 in the prior quarter.
• Minor pointWorking capital rose to $73.8 million from $70.0 million at March 31, 2026.
• Minor pointStockholders’ equity rose to $86.221 million from $81.761 million at March 31, 2026.

Negative

• Moderate pointQ2 revenue fell to $6.019 million from $6.444 million year-over-year and $6.312 million sequentially, within guidance.
• Moderate pointGross margin fell to 48.5%, versus 54.8% year-over-year and 53.4% sequentially, missing 53%–55% guidance.
• Moderate pointQ2 net loss widened to $7.021 million, or $0.18 per diluted share, versus $3.185 million/$0.11 year-over-year and $4.792 million/$0.13 sequentially.
• Moderate pointQuarterly operating activities used $7.993 million in cash.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Q3 revenue guidance of $5.0 million–$6.0 million is below Q2 revenue of $6.019 million.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Q3 gross margin is expected at approximately 38%–40%, below Q2’s 48.5%.

10 minor points

• Minor pointUnfavorable product mix and higher manufacturing costs from wafer and outsourced-production constraints reduced gross margin.
• Minor pointOperating loss widened to $7.435 million, versus $3.187 million year-over-year and $5.385 million sequentially.
• Minor pointResearch expenses rose to $6.048 million, versus $3.768 million year-over-year and $5.899 million sequentially.
• Minor point. Forward-looking: it has not happened yet and may not happen.External Plato design-service expenses are expected to continue until March 2027 chip-design completion.
• Minor pointSelling and administrative expenses rose to $4.305 million, versus $2.952 million year-over-year and $2.855 million sequentially.
• Minor pointStock-based compensation rose to $1.080 million, versus $856,000 year-over-year and $887,000 sequentially.
• Minor pointTax provision reached $155,000, versus $41,000 year-over-year and a $76,000 tax benefit sequentially.
• Minor pointQuarter-end cash fell to $69.188 million from $77.045 million in June, but exceeded March’s $67.212 million.
• Minor pointSix-month revenue declined to $12.331 million from $12.727 million in the year-earlier period.
• Minor pointSix-month net loss widened to $11.813 million, or $0.31 per diluted share, from $5.402 million, or $0.19.

News Explained

The concluded assessment of vendor matters involved about $2.0 million in legal and professional fees, partly offset by a $600,000 settlement gain; the company reports a net impact of about $1.4 million and does not expect significant additional expenses.

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Market Reaction – GSIT

$3.02 – $3.78 Day Range

$116.72M Mkt Cap at Last Price

On Nov 5, the day this news came out, the latest delayed price for GSIT is 5.10% below the previous close. Our momentum scanner has recorded 45 alerts for this stock so far that day. The latest delayed price is $3.04. Relative volume is above average at 2.0x what this stock usually trades by this time of day.

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Key Figures

Net revenue: $6.0 million Gross margin: 48.5% Q3 net revenue outlook: $5.0 million to $6.0 million +5 more

Net revenue

$6.0 million

Q2 FY2027; $6.4 million in Q2 FY2026

Gross margin

48.5%

Q2 FY2027; below company guidance

Q3 net revenue outlook

$5.0 million to $6.0 million

Q3 FY2027

Operating expenses

$10.4 million

Q2 FY2027; compared with $6.7 million in Q2 FY2026

Operating loss

$7.4 million

Q2 FY2027

Net loss

$7.0 million

Q2 FY2027

Diluted loss per share

$(0.18)

Q2 FY2027

Cash and cash equivalents

$69.2 million

At September 30, 2026

Previous Earnings Reports

1 past event · Latest: Jul 30

Same Type 1 event

1. Jul 30

   Q1 earnings

   24h Move

   -3.9%

   Q1 FY2027 revenue was $6.3 million, gross margin 53.4%, and operating loss $5.4 million.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

sdk, tape-out, burn-in, stock-based compensation

4 terms

sdk technical

"AI-assisted software development kit (SDK)"

An SDK (software development kit) is a bundled set of tools, code samples and instructions that lets outside developers build software that works with a company’s platform or product. Think of it as a toolbox and recipe that makes it faster and easier for others to create compatible apps or services. For investors, an SDK matters because widespread developer use can boost product adoption, create new revenue streams and strengthen customer lock‑in, signaling potential future growth.

tape-out technical

"completing the tape-out of Plato in March 2027"

Tape-out is the milestone when a chip designer delivers the finalized, production-ready blueprint of a semiconductor chip to a foundry for fabrication. Think of it as handing a finished blueprint to a factory: it means design work is complete and manufacturing (with its costs and timelines) can begin. For investors, tape-out signals a clear step toward production, potential revenue, and the transition of technical risk into manufacturing and market risk.

burn-in technical

"outsourced assembly, burn-in and test operations"

Burn-in is a manufacturing test where new devices or components are operated under stress for a set period to surface early failures before products ship. Investors care because effective burn-in reduces returns, warranty costs and reputation risk, and signals production quality; like driving a new car on a rough road to reveal hidden defects before selling it to customers.

stock-based compensation financial

"Total second quarter pre-tax stock-based compensation expense"

Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SUNNYVALE, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its second fiscal quarter ended September 30, 2026.

Summary Comments for Second Quarter of Fiscal Year 2027 (all financial comparisons are to Second Quarter of Fiscal Year 2026)

• Smart Guardian Eye project begins live AI video monitoring on the acceptance of the initial stage of Phase I by the Hsinchu County government in Taiwan
• Plato development remains on schedule for March 2027 tape-out and we continue to receive outside interest based on the disclosed preliminary performance and power savings findings
• Net revenue of $6.0 million, within Company’s guidance range of $5.7 to $6.5 million
• Increase in operating expense year-over-year is primarily related to ongoing Plato chip design consultants, commercialization of Gemini-II and non-recurring legal and other professional fees associated with an internal assessment completed in the quarter
• Quarter-end cash balance of $69.2 million reflecting spending on Plato development and a non-routine SG&A expense relating to our Taiwan manufacturing operations
  

Lee-Lean Shu, Chairman and Chief Executive Officer, stated, “In the second quarter of fiscal 2027, we made significant progress on several fronts, including the successful completion and acceptance of the initial stage of Phase I of our Smart Guardian Eye project, which is now providing live video monitoring and interpretive incident reporting. Our software development team is conducting an internal trial and validation of the alpha version of our AI-assisted software development kit (SDK), designed to simplify the process of porting existing AI models to our APU platform. We anticipate releasing a beta version to our initial customers before the end of December 2026. This will enable a broader range of prospective customers and partners to evaluate our technology using their own AI models, support multiple simultaneous evaluations, and expand our market reach through system integrators, helping to accelerate commercialization across a wider range of applications.”

Mr. Shu continued, "Looking ahead to the remainder of fiscal 2027, we are focused on achieving the following milestones: submitting our proposal for Phase II of the Smart Guardian Eye project, advancing the AI-assisted SDK toward commercial release in the first half of calendar year 2027, completing the tape-out of Plato in March 2027, with first-spin chips targeted for initial sampling by late summer of calendar year 2027, and securing a strategic partner who could expand our capabilities to enter new markets where we lack resources to pursue on our own. Achieving these milestones would enable us to expand the commercialization of Gemini-II in calendar year 2027, and position Plato for adoption across a broader range of AI applications.”

Commenting on the outlook for GSI's third quarter of fiscal 2027, Mr. Shu stated, "Our current expectation for the third quarter of fiscal 2027 is for net revenues in the range of $5.0 million to $6.0 million, with gross margin of approximately 38% to 40%.

“To address higher manufacturing costs, the Company plans to implement price increases immediately for new orders and effective January 1, 2027, for existing customer backlog. Management anticipates that these adjustments, together with improved product availability, will support a recovery in revenue and gross margin beginning in the fourth quarter of fiscal 2027,” concluded Mr. Shu.

Second Quarter Fiscal Year 2027 Summary Financials

The Company reported net revenues of $6.0 million for the second quarter of fiscal 2027, compared to $6.4 million for the second quarter of fiscal 2026 and $6.3 million for the first quarter of fiscal 2027. Net revenues were within the Company’s guidance range of $5.7 million to $6.5 million. Gross margin was 48.5% in the second quarter of fiscal 2027 compared to 54.8% in the second quarter of fiscal 2026 and 53.4% in the first quarter of fiscal 2027.

Gross margin was below the Company’s guidance of approximately 53% to 55%, and decreased year-over-year, primarily due to an unfavorable product mix and higher manufacturing costs resulting from supply chain constraints for wafers and outsourced assembly, burn-in and test operations. We are currently reviewing our manufacturing costs and intend to pass on any cost increases to our customers when it makes sense to do so.

Below is a breakdown of the second quarter of fiscal 2027 sales compared to the second quarter of fiscal 2026 and the first quarter of fiscal 2027:

• KYEC represented $1.2 million, or 19.7% of net revenues, compared to $802,000, or 12.4% of net revenues, in the same period a year ago and $1.0 million, or 16.1% of net revenues, in the prior quarter.
• Nokia represented $376,000, or 6.2% of net revenues, compared to $200,000, or 3.1% of net revenues, in the same period a year ago and $307,000, or 4.9% of net revenues, in the prior quarter.
• Military/defense sales were 46.7% of second quarter shipments, compared with 28.9% in the comparable period a year ago and 31.3% in the prior quarter.
  

Total operating expenses in the second quarter of fiscal 2027 were $10.4 million, compared to $6.7 million in the second quarter of fiscal 2026 and $8.8 million in the prior quarter.

• Research and development expenses were $6.0 million, compared to $3.8 million in the prior-year period and $5.9 million in the prior quarter. The year-over-year increase in research and development expenses during the second quarter of fiscal 2027 was driven primarily by external design services related to the development of our next-generation Plato processor, which are expected to continue until the completion of the Plato tape-out in March 2027. The increase was partially offset by higher government funding under our SBIR programs, which totaled $556,000 this quarter compared with $279,000 in the prior-year period and $336,000 in the prior quarter.
• Selling, general and administrative expenses were $4.3 million in the quarter ended September 30, 2026, compared to $3.0 million in the prior year quarter and $2.9 million in the previous quarter. The increase this quarter was primarily due to approximately $2.0 million of non-routine legal and other professional fees incurred in connection with the internal assessment of certain vendor matters within our foreign operations, which was concluded during the quarter. These fees were partially offset by $600,000 of a gain from assets received in a vendor settlement, resulting in a net impact of approximately $1.4 million. We do not expect to incur significant additional expenses related to these matters. 

Second quarter fiscal 2027 operating loss was $7.4 million compared to an operating loss of $3.2 million in the prior-year period and an operating loss of $5.4 million in the prior quarter. Second quarter fiscal 2027 results included interest and other income of $569,000 and a tax provision of $155,000, compared to interest and other income of $43,000 and a tax provision of $41,000 for the same period a year ago and interest and other income of $517,000 and a tax benefit of ($76,000) in the prior quarter.

Net loss in the second quarter of fiscal 2027 was $7.0 million, or $(0.18) per diluted share, compared to a net loss of $3.2 million, or $(0.11) per diluted share, for the second quarter of fiscal 2026 and a net loss of $4.8 million, or $(0.13) per diluted share, for the first quarter of fiscal 2027.

Total second quarter pre-tax stock-based compensation expense was $1.1 million compared to $856,000 in the comparable quarter a year ago and $887,000 in the prior quarter.

Cash flows for the quarter ended September 30, 2026 (in thousands of dollars): 

	Cash and cash equivalents as of June 30, 2026	$	77,045
	Net cash used in operating activities		(7,993	)
	Net cash used by investing activities		(121	)
	Net cash provided by financing activities		257
	Cash and cash equivalents as of September 30, 2026	$	69,188

The decrease in cash and cash equivalents as of September 30, 2026, primarily reflects cash used in operating activities, which includes spending for the development of Plato and commercialization of Gemini-II and non-routine expenses related to the internal assessment discussed above.

On September 30, 2026, the Company had $69.2 million in cash and cash equivalents, compared to $67.2 million at March 31, 2026. Working capital was $73.8 million as of September 30, 2026, versus $70.0 million at March 31, 2026. Stockholders’ equity as of September 30, 2026, was $86.2 million, compared to $81.8 million as of the fiscal year ended March 31, 2026.

Conference Call

Management will conduct a conference call to review the Company's financial results for the second quarter of fiscal year 2027, and its current outlook for the third quarter of fiscal 2027 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) today.

To participate in the call, please dial 1-833-862-0559 in the U.S. or 1-412-634-6358 for international approximately 10 minutes prior to the above start time and provide Conference ID 10212807. The call will also be streamed live via the internet at www.gsitechnology.com.

A replay will be available from November 5, 2026, at 7:30 p.m. Eastern Time through November 12, 2026, at 11:59 p.m. Eastern Time by dialing 1-844-512-2921 in the U.S. or 1-412-317-6671 for international and providing Access ID 10212807. A webcast of the call will be archived on the Company’s investor relations website under the Events and Presentations tab.

About GSI Technology

GSI Technology is at the forefront of the AI revolution with our groundbreaking APU technology, designed for unparalleled efficiency in billion-item database searches and high-performance computing. GSI’s innovations, Gemini-I® and Gemini-II®, offer scalable, low-power, high-capacity computing solutions that redefine edge computing capabilities.

GSI Technology is headquartered in Sunnyvale, California, and has sales offices in the Americas, Europe, and Asia. For more information, please visit www.gsitechnology.com.

Forward-Looking Statements

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology’s expectations, beliefs, intentions, or strategies regarding the future. These forward-looking statements include, among others, statements regarding our product roadmap and commercialization milestones for Gemini-II and Plato, including the timing of the Plato tape-out and sampling of first-spin chips and our ability to secure a strategic partner for Plato; the timely development and release of our AI-assisted SDK, including the timing of its alpha and commercial releases, and market adoption of related tools; risks associated with our use of artificial intelligence tools in our research and development activities, including the risk that such tools produce inaccurate, defective or infringing outputs, compromise the confidentiality of our proprietary information, or fail to deliver anticipated efficiencies; our pursuit of initial design wins in defense and select commercial edge deployments; the timing and successful completion of proof-of-concept programs, including Phase I of our Smart Guardian Eye project and our planned proposal for Phase II; anticipated benefits from government proof-of-concept engagements and related funding, including under our SBIR programs; our expectations regarding future revenue and gross margin, including the guidance provided for our third quarter of fiscal 2027, demand for our SRAM solutions, and customer mix; our ability to pass manufacturing cost increases on to our customers; our expectations regarding costs associated with the internal assessment; and the interpretation and applicability of third-party benchmark results and energy/performance characteristics of our products. All forward-looking statements included in this press release are based upon information available to GSI Technology as of the date hereof, and GSI Technology assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include those associated with the normal quarterly and fiscal year-end closing process. Examples of risks that could affect our current expectations regarding future revenues and gross margins include those associated with fluctuations in GSI Technology’s operating results; GSI Technology’s historical dependence on sales to a limited number of customers and fluctuations in the mix of customers and products in any period; supply constraints and cost increases for wafers and outsourced assembly, burn-in and test services, and our ability to pass such costs on to customers; global public health crises that reduce economic activity; the rapidly evolving markets for GSI Technology’s products and uncertainty regarding the development of these markets; the need to develop and introduce new products to offset the historical decline in the average unit selling price of GSI Technology’s products; the risk that proof-of-concepts, pilot programs, or benchmark validations do not translate into design wins, purchase orders, or revenue, including with respect to our Smart Guardian Eye project and our defense and aerospace-related programs such as our radiation testing initiatives; the comparability and generalizability of third-party benchmark results and energy/performance metrics across different configurations and use cases; intensive competition; the availability, timing and continuity of government funding opportunities; delays or unanticipated costs that may be encountered in the development of new products based on our in-place associative computing technology (including Gemini-II and Plato) and the establishment of new markets and customer and partner relationships for the sale of such products; the outcome of, and any further costs, remediation or consequences arising from, the internal assessment of matters within our foreign operations; and delays or unexpected challenges related to the establishment of customer relationships and orders for GSI Technology’s radiation-hardened and tolerant SRAM products. Many of these risks are, and may continue to be, amplified by economic and geopolitical conditions, such as changing interest rates, worldwide inflationary pressures, policy unpredictability, the imposition of tariffs and other trade barriers, military conflicts, particularly in relation to Taiwan, and challenges in the global economic environment. Further information regarding these and other risks relating to GSI Technology’s business is contained in the Company’s filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

Source: GSI Technology, Inc.

Contacts:

Investor Relations:

Hayden IR
Kim Rogers
385-831-7337
kim@haydenir.com

Media Relations:

Finn Partners for GSI Technology
Ricca Silverio
415-348-2724
gsi@finnpartners.com

Company:

GSI Technology, Inc.
Douglas M. Schirle
Chief Financial Officer
408-331-9802

GSI TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(Unaudited)
				Three Months Ended										Six Months Ended
				Sept. 30,			June 30,			Sept. 30,				Sept. 30,			Sept. 30,
					2026			2026			2025				2026			2025
Net revenues				$6,019			$6,312			$6,444				$12,331			$12,727
Cost of goods sold					3,101			2,943			2,911				6,044			5,543
Gross profit					2,918			3,369			3,533				6,287			7,184
Operating expenses:
	Research & development				6,048			5,899			3,768				11,947			6,865
	Selling, general and administrative				4,305			2,855			2,952				7,160			5,682
			Total operating expenses		10,353			8,754			6,720				19,107			12,547
Operating loss					(7,435	)		(5,385	)		(3,187	)			(12,820	)		(5,363	)
Interest and other income, net					569			517			43				1,086			56
Loss before income taxes					(6,866	)		(4,868	)		(3,144	)			(11,734	)		(5,307	)
Provision (benefit) for income taxes					155			(76	)		41				79			95
Net loss				($7,021		)	($4,792		)	($3,185		)		($11,813		)	($5,402		)
Net loss per share, basic				($0.18		)	($0.13		)	($0.11		)		($0.31		)	($0.19		)
Net loss per share, diluted				($0.18		)	($0.13		)	($0.11		)		($0.31		)	($0.19		)
Weighted-average shares used in
computing per share amounts:
Basic					38,460			37,346			29,630				37,911			28,306
Diluted					38,460			37,346			29,630				37,911			28,306
Stock-based compensation included in the Condensed Consolidated Statements of Operations:
				Three Months Ended										Six Months Ended
				Sept. 30,			June 30,			Sept. 30,				Sept. 30,			Sept. 30,
					2026			2026			2025				2026			2025
Cost of goods sold				$83			$70			$58				$153			$102
Research & development					407			260			303				667			241
Selling, general and administrative					590			557			495				1,147			854
				$1,080			$887			$856				$1,967			$1,197

GSI TECHNOLOGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(Unaudited)
					Sept. 30, 2026			March 31, 2026
Cash and cash equivalents					$	69,188		$	67,212
Accounts receivable						3,620			4,237
Inventory						4,642			4,079
Other current assets						4,506			3,659
Net property and equipment						1,733			883
Operating lease right-of-use assets						8,233			8,264
Other assets						9,544			9,619
Total assets					$	101,466		$	97,953
Current liabilities					$	8,199		$	9,196
Long-term liabilities						7,046			6,996
Stockholders' equity						86,221			81,761
Total liabilities and stockholders' equity					$	101,466		$	97,953

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were GSI Technology’s fiscal second-quarter 2027 earnings results?

GSI reported revenue of $6.019 million and a net loss of $7.021 million, or $0.18 per diluted share, for the quarter ended September 30, 2026. Revenue was within its $5.7 million–$6.5 million guidance range, while gross margin of 48.5% was below its approximately 53%–55% forecast.

What is GSIT’s outlook for fiscal third-quarter 2027?

GSI expects net revenue of $5.0 million–$6.0 million and gross margin of approximately 38%–40% for fiscal third-quarter 2027. Both ranges are below the preceding quarter’s reported revenue and gross margin.

How is GSI Technology testing its AI-assisted software development kit?

GSI’s software development team is conducting an internal trial and validation of the alpha version. The company describes the kit as intended to simplify moving existing AI models onto its processor platform and allow prospective customers and partners to evaluate the technology using their own models.