GCT Semiconductor Q3 revenue rises, net loss narrows
GCTS•GCT Semiconductor’s third-quarter revenue rose 149% year over year to $1.07 million, while its net loss narrowed to $7.39 million from $13.8 million. The company expects its 5G chipset shipment ramp to extend into the first half of 2027.
1. Quarterly results
GCT Semiconductor reported third-quarter revenue of $1.07 million, up 149% year over year but below the $1.31 million consensus estimate. Its net loss narrowed to $7.39 million from $13.8 million a year earlier.
2. Customer deployments
The company said shipment volumes reflected extended timing of customer deployments rather than the full potential of its 5G programs. Most third-quarter 5G chipset shipments went to a new customer testing terrestrial-based location services to augment or replace GNSS.
3. Shipment outlook
GCT expects its 5G chipset shipment ramp to extend into the first half of 2027. It said customer programs remain active despite longer deployment timelines and that it plans to align production investments with customer demand.
