GCT Semiconductor Holding Inc. reports Q3 net revenues of $0.4 million
GCT Semiconductor Holding Inc. reported net revenues of $0.4 million for the third quarter ended September 30, 2025, representing an 84.0% decrease from $2.6 million in the same period of 2024. Gross margin for the third quarter of 2025 was negative and not meaningful due to low product revenue that did not fully absorb production overhead costs, compared to a 62% gross margin in the third quarter of 2024. Total operating expenses increased by 9.0% to $8.2 million from $7.5 million in the prior year period. The company recognized initial product revenue from 5G chipset sales and expects revenue to ramp up as 5G moves from sampling to deployment, with volume shipments anticipated in late fourth quarter 2025 or early first quarter 2026. Cash on hand at the end of the third quarter was $8.3 million.
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