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Jun 30, 2025
GCT Q2 2025 Earnings Report
GCT reported lower revenue and a wider net loss in Q2 2025, driven by a sharp decline in gross margin despite stable operating expenses.
Key Takeaways
GCT Semiconductor saw revenue decline 19% YoY to $1.18M in Q2 2025, with gross margin falling to 32.0%. Operating expenses remained flat, but higher interest costs and currency losses led to a net loss of $13.5M. The company delivered initial 5G chipsets and prepares for mass production in 2H25.
Revenue declined 19% YoY to $1.18M
Gross margin dropped to 32.0% from 62.7% YoY
Net loss widened to $13.5M from $1.0M YoY
Initial 5G chipset samples delivered; volume production expected in 2H25
Revenue by Segment
Forward Guidance
GCT expects to begin 5G chipset production in Q3 2025 and initiate volume shipments in Q4, supported by recent funding and strategic customer partnerships.
Positive Outlook
- Initial 5G chipsets delivered to lead customers
- Mass production of 5G chipsets planned for Q3 2025
- Volume shipments expected in Q4 2025
- Secured $11M in funding through registered direct offering
- Partnership with Iridium to expand into non-terrestrial markets
Challenges Ahead
- Revenue declined 19% YoY
- Gross margin dropped significantly YoY
- Net loss widened to $13.5M
- Foreign currency losses totaled $3.2M
- Cash position declined to $1.3M
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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