GCT Semiconductor Q1 revenue jumps 287%

GCT Semiconductor Holding

12/05/2026 21:13

Overview

U.S. 5G chipmaker's fiscal Q1 revenue rose 287% yr/yr, beating analyst expectations

Gross margin improved to 49.3% from 17.7% on higher 5G and service sales

Company expanded licensing deal with major satellite communications provider for 5G/4G chipsets

Outlook

Company expects sequential quarterly growth in 5G chipset shipments throughout 2026

GCT plans to scale 5G chipset production and strengthen supply chain for higher volumes

Company says priorities include financial flexibility and disciplined capital allocation for 5G commercialization

Result Drivers

5G SHIPMENT RAMP - 5G chipset shipments rose 58% sequentially as customers moved from evaluation to early deployment, per CEO John Schlaefer

SATELLITE PARTNER EXPANSION - Expanded licensing agreement with major satellite communications provider broadened 5G/4G chipset deployment scope

SERVICE AND 5G SALES MIX - Higher gross margin driven by increased share of 5G platform sales and higher-margin service offerings

Company press release: ID:nBw1s8B5Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.92 mln
$1.76 mln (3 Analysts)
Q1 Net Income
-$9.86 mln
Q1 Gross Margin
49.3%
Q1 Income from Operations
-$6.13 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for GCT Semiconductor Holding Inc is $3.00, about 87.5% above its May 11 closing price of $1.60

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)