GCT Semiconductor Q4 revenue misses estimates

Overview

• US 5G chipset designer's fiscal Q4 revenue fell 57% yr/yr, missing analyst expectations

• Company shipped over 1,900 5G chipsets in Q4

• Operating expenses for fiscal Q4 rose 35% yr/yr as company invested in commercialization

Outlook

• Company expects sequential quarterly growth in revenue and 5G chipset shipments throughout 2026

• GCT expects operational efficiencies to improve as 5G product sales ramp later in 2026

Result Drivers

• INITIAL 5G SHIPMENTS - Shipped over 1,900 5G chipsets in Q4, marking progress toward volume production and expanded customer base

Company press release: ID:nBwbnx5PVa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for GCT Semiconductor Holding Inc is $4.00, about 210.1% above its March 24 closing price of $1.29

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