The revenue miss and widening loss are concerning, but sequential chipset growth and $30M cash provide some runway. Watch for commercial ramp milestones and potential further dilution from the expanded ATM facility. Next quarter's revenue trajectory will be critical to assess whether the 5G pipeline is converting.
Price Chart
Executive Summary
GCT Semiconductor reported Q2 2026 revenue of $1.0M, down 17.9% YoY and well below the $3.3M consensus, with a net loss of $20.4M (up 50.5% YoY) and EPS of -$0.25 versus consensus -$0.07. 5G chipset shipments grew ~71% sequentially to over 5,100 units, but customer restructuring and deployment delays continue to push commercial ramp timing. The company increased its ATM facility from $75M to $120M during the quarter, signaling ongoing capital needs.
Key Financial Metrics
Key Facts
- Revenue $1.0M, down 17.9% YoY from $1.2M, missing consensus of $3.3M
- Net loss $20.4M, up 50.5% from $13.5M YoY, including $12.3M non-cash warrant liability loss
- EPS -$0.25 vs consensus -$0.07 (miss of -233.3%)
- 5G chipset shipments of 5,100+ units, up ~71% sequentially
- Cash and equivalents $30.2M as of June 30, 2026
- ATM facility increased from $75M to $120M during Q2 2026
- Adjusted EBITDA loss of $6.6M, roughly flat YoY
Financial Impact
Revenue miss of ~70% vs consensus and net loss widening by 50% YoY
Risk Factors
- Customer restructuring and deployment delays may further push revenue ramp
- Need for additional capital beyond current cash and ATM facility
- Dilution from ATM issuance and warrant overhang
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000929638-26-002965 |
| Document: form8k.htm | 0000929638-26-002965 |
| Document: 0000929638-26-002965-index-headers.html | 0000929638-26-002965 |
| Document: 0000929638-26-002965-index.html | 0000929638-26-002965 |
| Document: 0000929638-26-002965.txt | 0000929638-26-002965 |
| 8-K Data (Synthetic) | 0000929638-26-002965 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $2.20 $1.53 | ▼ −30.45% | ▼ −29.89% | $1.27 (−42.27%) |
Aug 10, 2026 10w ago | 8-K | $2.04 $1.82 | ▲ +10.78% | ▲ +9.73% | $1.27 (+37.75%) |
Jun 18, 2026 18w ago | 8-K | $2.90 $2.10 | ▲ +27.59% | ▲ +27.44% | $1.27 (+56.21%) |
Jun 18, 2026 18w ago | 424B5 | $2.90 $2.10 | ▲ +27.59% | ▲ +27.44% | $1.27 (+56.21%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers