GCT Semiconductor (NYSE:GCTS) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

GCT Semiconductor (NYSE:GCTS) released its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02), FiscalAI reports. The firm had revenue of $1.92 million during the quarter, compared to analyst estimates of $1.77 million.

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

• GCT said 5G commercial traction is building, with 3,000 5G chipsets shipped in Q1, up 58% sequentially from Q4, as customers move from testing toward initial deployments.
• Revenue rose to $1.9 million from $0.5 million a year ago, driven by higher product sales and service revenue, while gross margin improved sharply to 49% due to a richer mix of service and 5G-related revenue.
• The company expanded its engagement with a major satellite communications provider through a reference platform agreement, with initial 5G chipset shipments to that partner still expected to begin in the second half of 2026.
• Management said Q1 service revenue included a one-time licensing recognition, and future service revenue should be lower and more milestone-based as product shipments become the main revenue driver.
• Despite progress, the business is still early in commercialization, with Q1 cash of $7.2 million and management expecting operating expenses to ramp to about $8 million per quarter starting in Q3 as R&D increases.

GCT Semiconductor Price Performance

GCTS traded up $0.03 during trading on Thursday, hitting $1.48. 3,218,656 shares of the stock traded hands, compared to its average volume of 3,826,150. GCT Semiconductor has a twelve month low of $0.90 and a twelve month high of $2.25. The business has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.27. The company has a market cap of $106.89 million, a price-to-earnings ratio of -1.82 and a beta of 1.27.

Wall Street Analysts Forecast Growth

GCTS has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of GCT Semiconductor in a report on Monday, March 30th. Weiss Ratings raised GCT Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.50.

Institutional Trading of GCT Semiconductor

A number of hedge funds have recently added to or reduced their stakes in GCTS. State Street Corp lifted its holdings in shares of GCT Semiconductor by 8.9% during the fourth quarter. State Street Corp now owns 144,689 shares of the company’s stock worth $174,000 after purchasing an additional 11,800 shares during the period. Geode Capital Management LLC lifted its holdings in GCT Semiconductor by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 414,944 shares of the company’s stock valued at $498,000 after buying an additional 17,867 shares during the period. XTX Topco Ltd acquired a new position in GCT Semiconductor in the fourth quarter valued at $26,000. Engineers Gate Manager LP acquired a new position in GCT Semiconductor in the second quarter valued at $37,000. Finally, Bridgeway Capital Management LLC lifted its holdings in GCT Semiconductor by 50.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,000 shares of the company’s stock valued at $90,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 28.06% of the company’s stock.

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.