Earnings Releases·Nov 12, 2026, 4:15 PM ET

GCT Semiconductor Holding, Inc. — Third Quarter 2026 Earnings Summary

Net revenues rose 148.6% year-over-year to $1.1 million, while the net loss narrowed 46.7% to $7.4 million; however, gross margin remained negative due to insufficient revenue to absorb overhead costs.
The 5G shipment ramp is now projected to extend into the first half of 2027 as customer implementation timelines lengthen, though the company has secured wafer capacity to support demand through that period.
Liquidity improved significantly with cash and equivalents reaching $17.2 million as of September 30, 2026, up from $590,000 at year-end 2025, supported by a $26.5 million loan maturity extension and an effective $200 million shelf registration.
Management maintains a disciplined cost structure with total operating expenses down 11.2% to $7.3 million, while total liabilities decreased slightly to $97.2 million and borrowings fell to $52.4 million.