Filing Flows › GCT Semiconductor Holding (GCTS) › Q1 2026
GCT Semiconductor Holding (GCTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
GCT Semiconductor Holding (GCTS) reported revenue of $1.9M for the first quarter 2026 (Q1 2026), +287% from a year earlier and +153% from the quarter before. Operating margin was -319.4%, net loss $9.9M (513.8% of revenue).
GCT Semiconductor Holding, Q1 2026: revenue $1.9M (+287% year over year), operating margin -319.4%, net loss $9.9M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | +153% | +287% |
| Operating profit | −$6.1M | — | — |
| Net earnings | −$9.9M | — | — |
| Operating cash flow | −$7.4M | — | — |
What changed
Revenue was $1.9M in Q1 2026, up 287% year over year and up 153% from the previous quarter. Service was the largest line at 75% of revenue. Service added $1.0M year over year (up 258%), 73% of the total change.
Gross margin was 49.3%, up 31.6 points from Q1 2025. Operating costs exceeded revenue by $6.1M, an operating margin of -319.4%. Operating expenses fell 10% while revenue rose 287%. The quarter ended with a net loss of $9.9M, wider than the previous quarter's $9.0M loss.
Operating cash flow was −$7.4M. Non-cash charges added back $272K of depreciation and amortization and $445K of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $65K exceeded it, leaving free cash flow of −$7.5M.
Questions
What was GCT Semiconductor Holding's revenue in the first quarter 2026?
GCT Semiconductor Holding (GCTS) reported revenue of $1.9M for the first quarter 2026 (Q1 2026), +287% from a year earlier and +153% from the quarter before.
Was GCT Semiconductor Holding profitable in the first quarter 2026?
Operating loss was $6.1M (-319.4% of revenue) and net loss $9.9M.