GCT Semiconductor Q2 net loss widens to $20.4 million on lower revenue
GCT Semiconductor reported second-quarter 2026 net revenues of $1.0 million, down 17.9% from a year earlier, and a net loss of $20.4 million, up 50.5%, including a $12.3 million non-cash loss on warrant liabilities. The company introduced Adjusted EBITDA, which showed a $6.6 million loss, and said it expects 5G shipments in the second half of 2026 to exceed first-half levels. For shareholders, both revenue and net loss moved the wrong way, and the company raised the maximum under its at-the-market offering agreement from $75.0 million to $120.0 million.
Key points
- Net revenues were $1.0 million versus $1.2 million in the second quarter of 2025, and gross margin was negative.
- Net loss was $20.4 million versus $13.5 million, including a $12.3 million loss from change in fair value of warrant liabilities.
- Adjusted EBITDA loss was $6.6 million versus $6.7 million; cash and cash equivalents were $30.2 million at June 30, 2026.
- The at-the-market offering agreement was amended to $120.0 million from $75.0 million; the company expects 5G shipments in the second half of 2026 to exceed first-half levels.
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.