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…
Earnings analysis · 10-Q
GCTS earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
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…
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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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.25
What stood out
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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.
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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.
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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.
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No Material Control Changes
The company reported no material changes to internal control over financial reporting during the quarter ended June 30, 2026.
What to watch
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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.
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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.
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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.
Management's outlook
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.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.