GCT Semiconductor (NYSE:GCTS) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

GCT Semiconductor (NYSE:GCTS) released its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07, FiscalAI reports. The firm had revenue of $0.76 million for the quarter, compared to analysts’ expectations of $0.96 million.

Here are the key takeaways from GCT Semiconductor’s conference call:

• GCT began commercial 5G shipments in Q4, shipping more than 1,900 5G chipsets and powering Gogo’s live broadband air-to-ground service, marking the company’s first real-world network deployment and product validation.
• GCT signed a licensing deal with a large satellite communications provider and a partnership with Skylo, with the satellite program targeting shipments as early as H2 2026 and management citing “million+” annual unit potential (they expect to be the sole supplier for that program).
• Full-year 2025 revenue fell 69% to $2.9M and gross margin was negative as low product volumes did not absorb production overhead, highlighting ongoing financial pressure during the commercialization transition.
• Liquidity improved post-year-end: GCT had $0.6M cash at year-end and reported $9.4M cash as of Feb 2026, plus a $20M convertible note facility (initial $1M advance), an ATM program and remaining shelf capacity to support the production ramp.
• Management expects sequential shipment and revenue growth through 2026 and targets gross margins in the high‑30s/low‑40s% as volumes scale, with a possible adjusted-EBITDA breakeven revenue target around $25M (timing dependent on customer visibility and ramp speed).

GCT Semiconductor Stock Down 11.9%

Shares of GCTS stock opened at $1.15 on Friday. The company’s fifty day simple moving average is $1.17 and its two-hundred day simple moving average is $1.32. GCT Semiconductor has a 52 week low of $0.90 and a 52 week high of $2.47. The stock has a market cap of $82.98 million, a P/E ratio of -1.41 and a beta of 1.23.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of GCT Semiconductor in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, GCT Semiconductor currently has a consensus rating of “Hold” and an average target price of $3.50.

Institutional Investors Weigh In On GCT Semiconductor

A number of hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in GCT Semiconductor during the fourth quarter valued at approximately $26,000. Bridgeway Capital Management LLC increased its stake in GCT Semiconductor by 50.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 75,000 shares of the company’s stock worth $90,000 after acquiring an additional 25,000 shares during the last quarter. State Street Corp raised its holdings in shares of GCT Semiconductor by 8.9% during the 4th quarter. State Street Corp now owns 144,689 shares of the company’s stock worth $174,000 after acquiring an additional 11,800 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of GCT Semiconductor by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 414,944 shares of the company’s stock valued at $498,000 after acquiring an additional 17,867 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in shares of GCT Semiconductor during the 3rd quarter valued at approximately $47,000. 28.06% of the stock is currently owned by hedge funds and other institutional investors.

GCT Semiconductor Company Profile

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro. It also develops and sells cellular IoT chipsets for low-speed mobile networks such as eMTC/NB-IOT/Sigfox, and other network protocols; and 5G solutions. Its products and solutions are used in smartphones, tablets, hotspots, CPEs, USB dongles, routers, and M2M applications.