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GCTS — GCT Semiconductor Holding News Story

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GCT Semiconductor Q2 revenue falls, net loss widens

GCT Semiconductor Q2 revenue falls, net loss widens


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


Reuters Recommended Reads

  • Aug 10 - Ceva Q2 revenue beats analyst estimates on AI demand

  • Aug 10 - Israel's Camtek Q2 revenue beats on increased AI compute demand

  • Aug 10 - Hong Kong's Foxconn Interconnect Technology H1 profit rises on cloud demand


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.)

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