earnings
confidence high
sentiment negative
materiality 0.75
GCT Semiconductor Q4 revenue $0.8M (-57.5% YoY); 5G chipset shipments exceed 1,900
GCT Semiconductor Holding, Inc.
- Q4 revenue $0.8M (-57.5% YoY), FY2025 $2.9M (-68.6% YoY); gross margin negative as product revenue insufficient to absorb overhead.
- Q4 operating expenses $10.7M (+35% YoY); FY2025 $34.7M (+90.8% YoY) driven by 5G commercialization investments.
- Cash and cash equivalents $0.6M at Dec 31, 2025; improved to $9.4M as of Feb 28, 2026; $75M ATM and $125M shelf remain available.
- Commercial 5G chipset shipments exceeded 1,900 units in Q4; expects sequential quarterly revenue and 5G shipment growth throughout 2026.
- Entered $20M convertible note facility with $1M initial draw; secured licensing agreement with a major satellite communications provider.