GCTS
GCT Semiconductor Holding, Inc.1.4000
-0.0300-2.1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Satellite deal: million-unit potential
Q&A spotlighted a massive satellite licensing deal sized at over a million units annually, with GCT as sole supplier for the application thanks to sticky customization—details absent from prepared remarks. FWA backlog builds in Q2 from lead customers; Q1 shipments target 3-5 versus Q4's single commercial one. Gross margins should hit high 30s-low 40s on volume ramp, while OpEx normalizes to $8-8.5 million quarterly sans one-offs like credit provisions and warrants. Q4 supply limits from testing eased significantly. Customers praise the chipset's enabling support. Management stays bullish on 2026 sequential growth; investors will eye ramp execution.
Key Stats
Market Cap
79.94MP/E (TTM)
-Basic EPS (TTM)
-0.78Dividend Yield
0%Recent Filings
8-K
5G shipments hit 1,900 units
GCT Semiconductor shipped over 1,900 5G chipsets commercially in Q4 2025, yet net revenues plunged 57.5% to $0.8 million amid the 5G transition, with negative gross margins from unabsorbed overheads. Q4 revenue surged 76% sequentially; full-year opEx jumped 90.8% to $34.7 million. 5G shipments ramp in 2026. Financing secured via $20M note facility.
10-K
FY2025 results
GCT Semiconductor Holding posted FY2025 net loss of $43.4M, up from $12.4M in FY2024, as revenues plunged 69% to $2.9M with product sales down 76% to $1.1M after no 5G platform shipments. Q4 saw first commercial 5G shipments kick off, yet full-year gross margins flipped negative from 56% amid $1.5M higher product costs from overhead and inventory reserves. R&D fell 19% post-5G project completion, but G&A ballooned 53% on $3.2M stock comp and credit losses. Debt swelled to $62.6M principal (all short-term), cash dwindled to $0.6M; going concern warning flagged. Q4 5G ramp accelerates. Slow 5G adoption risks momentum.
8-K
Extended note, issued warrant
8-K
GCT inks satellite chipset license
GCT Semiconductor licensed its 5G and 4G chipsets to a top global satellite communications provider on January 29, 2026, enabling integration into user equipment for resilient satellite-terrestrial connectivity. The deal paves the way for future sales via GCT's new 5G chipset in direct-to-satellite apps. Shipments start H2 2026. Risks include execution hurdles in partnerships.
8-K
GCT secures $20M note facility
GCT Semiconductor inked a convertible note deal with Indigo Capital on December 15, 2025, unlocking up to $20M in funding—starting with a $1M initial advance. Notes carry 7% OID, mature in 24 months without interest, and convert at 90% of recent VWAP, giving GCT full draw control to time raises optimally. Flexible cash without instant dilution. Yet conversion hinges on stock above $1.
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