November 12, 2025 — Leads & Copy — GCT Semiconductor Holding, Inc. (NYSE: GCTS) has released its third-quarter financial results for the period ending September 30, 2025, and provided an update on recent business activities.
John Schlaefer, Chief Executive Officer of GCT, stated that the company is making significant progress toward full-scale 5G deployment. Lead customers have successfully completed sampling of GCT’s 5G chipset and modules and provided positive feedback, including public confirmation from a network operator planning to launch its 5G network at the end of 2025 using GCT’s technology. Initial orders for the 5G chipset, including sample shipments, have exceeded 2,500 units. The company is preparing its 5G product and production flow for the upcoming launch and subsequent launches expected in 2026.
Edmond Cheng, Chief Financial Officer of GCT, noted that Q3 marked a major milestone with the recognition of initial product revenue from 5G chipset sales. While the revenue amount is currently modest, the company anticipates a revenue ramp as 5G transitions from sampling to deployment. Operating efficiency is expected to improve as volume shipments commence in late Q4 2025 or early Q1 2026. As of the end of the third quarter, GCT had $8.3 million in cash on hand, positioning it well to scale production and meet growing customer demand.
Key highlights from the third quarter include:
- Successful sampling of 5G chipsets and modules to all lead customers, with positive feedback received.
- Initial 5G product revenue recognized during the third quarter.
- Public signaling by a 5G network operator of full-service activation before year-end 2025 using GCT’s 5G platform.
- Initial 5G chipset orders exceeding 2,500 units, including sample shipments.
- Secured $10.7 million in debt financing in September 2025 to accelerate production readiness and volume shipments of 5G chipsets.
Financial results for the third quarter of 2025 compared to the third quarter of 2024 include:
- Net revenues decreased by 84.0% to $0.4 million from $2.6 million.
- Gross margin was negative and not meaningful due to lower product revenue.
- Total operating expenses increased by 9.0% to $8.2 million from $7.5 million.
As of September 30, 2025, the company’s liquidity sources include $8.3 million in cash and cash equivalents, $3.7 million in net accounts receivable, and $1.9 million in inventory. GCT also retains access to its effective ATM offering program of up to $75 million and has approximately $114 million of remaining availability under its $200 million shelf registration statement on Form S-3.
The company anticipates commercial shipments to begin late in the fourth quarter of 2025.
GCT Semiconductor Holding, Inc. will host a conference call and live webcast on Wednesday, November 12, 2025, at 4:30 p.m. Eastern time to discuss business updates and financial results. Registration for the call is available here. A replay of the webcast will be available on the Investors section of the GCT website.
GCT Semiconductor Holding, Inc. is a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT’s market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc., for the world’s top wireless carriers. GCT’s system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness.
Source: GCT Semiconductor Holding, Inc.
