NYSE$GCTS

GCT Semiconductor Holding Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

GCT Semiconductor reported a sharp revenue decline and widened net loss in Q1 2025 as it ramped up investment in its 5G transition strategy.

GCT Semiconductor posted $0.5 million in revenue for Q1 2025, down 84.8% year-over-year, with a gross margin of 17.7%. The company reported a net loss of $7.0 million and continued to invest in R&D and operational alignment ahead of its 5G chipset launch, which is expected to begin sampling in late May 2025.

  • Revenue fell to $0.5 million, an 84.8% decline from Q1 2024.
  • Gross margin was 17.7%, down from 59.8% YoY.
  • Net loss widened to $7.0 million due to lower revenue and absence of one-time gain seen in Q1 2024.
  • Cash and cash equivalents stood at $1.0 million at quarter-end.

Headline financials

Total Revenue

$496K

Previous: $3.27M-84.8%
EPS (adj)

-$0.15

Previous: $0.03-600.0%
Gross margin

17.7%

Previous: 59.8%-70.4%
R&D expenses

$4.1M

Previous: $5.52M-25.8%
Sales & marketing

$1.12M

Previous: $996K+12.2%
General & admin

$2.61M

Previous: $2.84M-7.8%
Capital Expenditures

-$118K

Previous: -$118K+0.0%
Net Income

-$6.97M

Previous: $757K-1020.5%
Operating Income

-$7.74M

Previous: $7.24M-207.0%
Gross Profit

$88K

Previous: $1.95M-95.5%

Revenue & EPS history

GCT · Revenue · Quarterly

$496K

Q1 2025-84.8%vs Q1 2024
Beat estimate in 2 of 7 quarters(29%)
ActualEstimate

Revenue by segment

GCT · $4.48M total across 2 segments · Q3 2023

  • Product revenue
    $4.03M—
  • Service revenue
    $450K—

Forward guidance

GCT anticipates 5G chipset sampling to begin at the end of May 2025, expecting revenue and gross margin to increase in H2 2025 as volume shipments commence.

Tailwinds

  • Finalized 5G chipsets completed and under internal evaluation
  • Sampling to customers expected by end of May 2025
  • Signed LOI with Orbic to co-develop 5G hotspot and FWA gateway
  • 5G ASP projected to be 4x higher than 4G offerings
  • Filed $200M shelf registration for financial flexibility

Headwinds

  • Revenue significantly declined YoY amid 4G-to-5G transition
  • Gross margin dropped over 42 percentage points YoY
  • Operating expenses exceeded revenue by over 15x
  • Cash balance remains low at $1.0 million
  • Net loss widened due to lack of one-time gains seen last year

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-5.0%

Avg return

Earnings day

-5.4%

Avg return

5 days after

-1.2%

Avg return

30 days after

22%

4 / 18 earnings

Positive

+1.2%

Q1 2026

Best reaction

-41.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.0%-6.5%—
Q1 2026+1.2%+14.4%+58.7%
Q3 2025-12.6%-6.2%+0.0%
Q2 2025-8.3%-6.8%+13.5%
Q1 2025-41.2%-46.4%-37.7%
Q4 2024-16.7%-21.5%-30.6%
Q3 2024-9.1%-11.0%+3.9%
Q2 2024+0.8%-5.9%-24.7%
Q1 2024-4.3%-8.0%-5.7%
Q4 2023+0.0%+0.2%+0.4%
Q3 2023+0.1%+0.0%-0.2%
Q2 2023+0.0%+0.0%+1.1%
Q1 2023-0.2%-0.1%-0.1%
Q4 2022+0.0%+0.4%+0.9%
Q3 2022+0.0%+0.0%+0.1%
Q2 2022+0.0%+0.0%+0.5%
Q1 2022+0.0%+0.0%+0.0%
Q4 2021+0.1%-0.1%-0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro