Earnings ·
GCT Semiconductor Holding, Inc. reported financial results for the quarter ended June 30, 2026
GCTSGCT Semiconductor Holding, Inc.
GCT Semiconductor Holding, Inc. reported financial results for the quarter ended June 30, 2026. Net revenues decreased 17.9% to $1.0 million from $1.2 million in the prior year period. The company recorded a net loss of $20.4 million, an increase of 50.5%, driven by a $12.3 million non-cash loss from changes in the fair value of common stock warrant liabilities. Adjusted EBITDA loss was $6.6 million. GCT shipped over 5,100 5G chipsets in Q2, representing approximately 71% sequential growth. The company amended its at-market (ATM) equity offering agreement to increase the maximum aggregate offering amount from $75.0 million to $120.0 million. Cash and cash equivalents stood at $30.2 million as of June 30, 2026. GCT is a fabless designer and supplier of 5G, 4G LTE, and satellite semiconductor solutions.