GCT Semiconductor is trading 8.16% down at $2.25 after its August 10, 2026, second-quarter results missed expectations.
- Revenue was $970,000 versus a $4.17 million forecast; adjusted loss was $0.25 per share versus an expected $0.10 loss, sending shares lower after hours.
- Customer restructuring and delayed deployment schedules pushed launches back, while negative gross margin and a wider net loss amplified concerns.
- Over 5,100 5G chipsets shipped, up 71% sequentially, and management expects stronger second-half shipments.