GCT Semiconductor Q2 revenue falls, net loss widens

GCT Semiconductor Holding

10/08/2026 21:15

Overview
US 5G chip designer's Q2 revenue fell 18% yr/yr
Net loss widened, driven by $12.3 mln non-cash loss from warrant liabilities
5G chipset shipments rose 71% sequentially despite shifting customer deployment schedules

Outlook
Company expects aggregate 5G chipset shipments in H2 2026 to exceed H1 levels
GCT says it has secured production capacity for the rest of 2026 and Q1 2027
Company sees strong customer engagement and expanding opportunity pipeline for 5G products

Result Drivers
5G SHIPMENT GROWTH - 5G chipset shipments increased 71% sequentially, driven by progress in terrestrial broadband, satellite, and IoT markets
PROGRAM DELAYS - Customer restructuring and shifting deployment schedules delayed timing of certain launches
NEGATIVE GROSS MARGIN - Gross margin was negative due to low product revenue not sufficient to absorb production overhead costs

Company press release: ID:nBw11m7PJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$971,000
$3.30 mln (2 Analysts)
Q2 Net Loss
 
$20.38 mln
 
Q2 Income from Operations
 
-$7.42 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 17.6% above its August 7 closing price of $2.55

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(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.)