NYSE$GCTS
GCT Semiconductor Holding Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second quarter 2024 financial results, highlighting progress in 5G chipset development and strategic partnerships despite a decrease in net revenues.
GCT Semiconductor reported a decrease in net revenues to $1.5 million for Q2 2024, primarily due to lower product sales, although service revenue increased. The company is focusing on its 5G chipset launch and has formed significant partnerships. They have also restructured debt and are utilizing an ELOC facility to strengthen their capital structure.
- Net revenues decreased to $1.5 million due to a decline in product sales, partially offset by increased service revenue.
- Cost of net revenues decreased by 63% to $0.5 million.
- Gross margin decreased to 63% due to decreased product sales.
- The company expects initial deliveries of 5G chipsets to commence during Q4.
Headline financials
Revenue & EPS history
GCT · Revenue · Quarterly
$1.47M
Revenue by segment
GCT · $4.48M total across 2 segments · Q3 2023
- Product revenue$4.03M—89.9%
- Service revenue$450K—10.1%
Forward guidance
GCT Semiconductor anticipates its 5G chipsets will be available for broad sampling in Q4 2024, with volume shipments starting in the first half of 2025. The company expects a positive rebound of 4G chipset sales in the future and anticipates continuous demand for existing and new 4G products.
Tailwinds
- 5G chipsets available for broad sampling to customers during the fourth quarter of 2024.
- Volume shipments commencing in the first half of 2025.
- Expected positive rebound of 4G chipset sales.
- Anticipated continuous demand for existing and new 4G products.
- Multi-mode 4G chipset GDM7243SL is ideal for industrial, utility and satellite applications.
Headwinds
- Q2 marked an anomaly regarding 4G product sales.
- Decrease in net revenues due to a decrease in product sales.
- Gross margin decreased due to decreased product sales.
- Nominal product sales in the second quarter.
- The company's ability to develop its 5G products and generate revenue.
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 Q2 2024
-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
| Quarter | Report date | Reaction (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% |
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