GCT Semiconductor Holding (GCTS)
NYSE:GCTS
Earnings Data
Report Date
May 20, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but cautiously constructive picture: operationally and commercially the company achieved important 5G commercialization milestones—initial Q4 shipments (1,900+ units), a live network launch with Gogo, major satellite and Skylo partnerships, and improving sequential revenue (Q4 +76%). These strategic advances and subsequent financing materially improve runway and future revenue potential. However, the company reported a steep full-year revenue decline (-69% YoY), a negative annual gross margin, a significant G&A increase driven by a credit loss reserve, and very low year-end cash ($0.6M) before follow-on financing. Management characterizes several expense items as one-time and expects margins and volumes to improve in 2026, but timing to sustained profitability remains uncertain. Overall, positive commercial momentum is balanced by weak 2025 financials and near-term execution/financial risks.Company Guidance
Early Commercial 5G Shipments
Shipped more than 1,900 5G chipsets in Q4 2025 for commercial use, representing the start of the production ramp and real-world deployments (supporting customer testing and initial rollouts).
Strong Sequential Revenue Momentum in Q4
Total revenue increased 76% sequentially in Q4 versus Q3 2025, signaling early top-line momentum as 5G programs begin contributing to revenue.
Major Strategic Partnerships and Customer Wins
First network operator (Gogo) launched a live broadband 5G air-to-ground service using the company's chipset; signed a licensing agreement with a large satellite communications provider (company expects million-unit-plus annual volume at the low end); partnership with Skylo to certify chipsets/modules for cellular-to-IoT satellite-enabled connectivity.
Financing and Capital Flexibility
Entered a $20.0 million convertible note facility (initial $1.0M advance); as of Feb 2026 held $9.4M in cash (up from $0.6M at year-end); maintains access to $75M at-the-market program and ~$125M remaining on a $200M shelf registration for additional capital flexibility.
Operational Improvements and Production Readiness
Resolved Q4 testing throughput constraints (testing throughput and automation improved in Q1), expects sequential growth in 5G chipset shipments through 2026 and backlog beginning as early as Q2 2026 for lead customers; Q4 shipped to three customers (one main commercial customer) with Q1 shipments expected to three to five customers.
R&D Spend Reduced as Development Milestone Completed
Research and development expenses decreased 19% year-over-year (down $3.3M from $17.3M to $14.0M) largely due to completion of a 5G chip project and reduced professional services spending.
Q4 Gross Margin Demonstrated Improvement and Outlook
Management cited Q4 gross margin of ~32% and expects margins to improve as product volumes ramp, targeting high-30s to low-40s percent gross margins when product matures and volumes increase.
GCTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GCTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 25, 2026 | $1.30 | $1.15 | -11.54% |
Nov 12, 2025 | $1.45 | $1.27 | -12.41% |
Aug 12, 2025 | $1.33 | $1.22 | -8.27% |
May 14, 2025 | $2.20 | $1.31 | -40.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does GCT Semiconductor Holding (GCTS) report earnings?
GCT Semiconductor Holding (GCTS) is schdueled to report earning on May 20, 2026, After Close (Confirmed).
What is GCT Semiconductor Holding (GCTS) earnings time?
GCT Semiconductor Holding (GCTS) earnings time is at May 20, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GCTS EPS forecast?
GCTS EPS forecast for the fiscal quarter 2026 (Q1) is -0.12.