GCTS earnings analysis
What we found in GCTS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
GCT Semiconductor’s Q2 2026 results show a sharp sequential deterioration: revenue fell to $971,000 from $2.0 million in Q1 2026, while diluted EPS worsened to negative $0.25 from negative $0.15. Revenue was approximately 2.9% below the $1.0 million reported in Q2 2025, and EPS improved only modestly from negative $0.26 year over year. The supplied filing text provides no balance-sheet, cash-flow, segment, margin, or quantitative guidance data, while management reported effective disclosure controls as of June 30, 2026 and no material risk-factor changes from the March 25, 2026 Annual Report.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Stable Year Over Year
- Q2 2026 revenue was $971,000, down approximately 51.5% from $2.0 million in Q1 2026 but approximately 2.9% below the $1.0 million reported in Q2 2025, indicating year-over-year revenue was broadly stable despite sequential volatility.
- EPS Improved Year Over Year
- Reported diluted EPS was negative $0.25, an improvement of $0.01 from negative $0.26 in Q2 2025, although it deteriorated by $0.10 from negative $0.15 in Q1 2026.
- Disclosure Controls Deemed Effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026, providing reasonable assurance that required information was reported within SEC-prescribed time periods.
- No Material Control Changes
- The company reported no material changes to internal control over financial reporting during the quarter ended June 30, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Sharp Sequential Revenue Decline
- Revenue declined from $2.0 million in Q1 2026 to $971,000 in Q2 2026, a sequential contraction of approximately 51.5%, highlighting substantial quarterly revenue volatility.
- Losses Worsened Sequentially
- Diluted EPS worsened from negative $0.15 in Q1 2026 to negative $0.25 in Q2 2026, confirming continued operating losses and increased per-share loss sequentially.
- No Risk-Factor Improvement Disclosed
- The company stated that there were no material changes to the risk factors disclosed in its Annual Report filed March 25, 2026; therefore, the existing risk profile remains applicable without a newly identified mitigating update.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.25
What they said about what is next.
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text. The filing states the company is a smaller reporting company and does not provide the Item 3 market-risk disclosure; no MD&A outlook was supplied.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 12, 2026
- GCT Semiconductor reported a revenue increase of 34% year-over-year in Q1 2026, driven by growth in product and service sales attributed to 5G initiatives. However, the company continues to post net losses, with EPS at…
- 10-K · March 25, 2026
- GCT Semiconductor continues to face significant financial challenges, reporting a net loss of $43.4 million for 2025, which is substantially higher than the $12.4 million loss in 2024. Revenue experienced a steep…
- 10-Q · November 12, 2025
- GCT Semiconductor Holding, Inc. reported significant declines in Q3 2025, with revenues dropping 84% to $430,000 from $2.6 million year-over-year. The company posted an EPS loss of -$0.25, missing analysts' estimates…
- 10-Q · August 12, 2025
- GCT Semiconductor Holding, Inc. reported significant declines in revenue and increased losses for Q2 2025 compared to both the prior quarter and the same period last year. Total revenue dropped to $1.182 million, a 19%…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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