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 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, customer premises equipment, USB dongles, routers, and M2M applications. The company sells its products directly or indirectly through distributors to original equipment manufacturers and original design manufacturers primarily in Taiwan, China, Korea and Japan, Europe, North America and South America. The company was formerly known as Global Communication Technology, Inc. GCT Semiconductor Holding, Inc. was founded in 1998 and is headquartered in San Jose, California.
GCT Semiconductor Holding, Inc. Provides Business Update and Reports Second Quarter 2026 Financial Results
GCT Semiconductor reported Q2 2026 revenue of $1.0 million, down 17.9% year-over-year, but highlighted a 71% sequential increase in 5G chipset shipments as the commercial ramp begins.
Liquidity strengthened significantly with cash and equivalents rising to $30.2 million, while the company amended its ATM agreement to increase the maximum offering amount to $120 million to support future growth.
GAAP net loss widened to $20.4 million, driven primarily by a $12.3 million non-cash loss related to warrant liability revaluation, while Adjusted EBITDA loss improved slightly to $6.6 million.