GCT Semiconductor Holding, Inc.

GCT Semiconductor Holding, Inc. filed a Current Report on Form 8-K to include a legal opinion concerning the legality of shares of common stock. These shares are issuable under an At Market Issuance Sales Agreement, which was established on April 1, 2025. The filing supports a prospectus supplement dated June 18, 2026, that supplements a previously effective S-3 registration statement.

GCT Semiconductor reported a significant increase in net revenues to $1.92 million for Q1 2026, up from $0.496 million in Q1 2025, with gross profit also rising substantially. However, the company's net loss widened to $(9.86) million from $(6.97) million in the prior year. The company raised $12.7 million through an at-market offering and $2.8 million from convertible promissory notes, but management expressed substantial doubt about its ability to continue as a going concern beyond the next twelve months.

GCT Semiconductor Holding, Inc. reported a significant increase in first-quarter 2026 revenue, rising 287.1% year-over-year to $1.9 million. The company also saw a 58% sequential increase in 5G chipset shipments to 3,000 units, signaling an anticipated commercial ramp. Additionally, GCT expanded its licensing agreement with a major satellite communications provider for further 5G and 4G chipset integrations, with initial shipments expected in the second half of 2026.