Reading the tape
NYSE: GCTS
GCT Semiconductor Holding, Inc.
Technology · Semiconductors
Market Cap
$90.23M
52w High
$2.47
52w Low
$0.90
P/E
-2.07
Volume
12.09M
Outstanding Shares
53.07M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 14.09%Revenue (TTM): -68.6%FCF (TTM): -5.04%P/S: 78th pct
What changed
The stock rose 14.09% over the last year. Revenue declined 68.6% over the trailing twelve months. Operating margin moved from -143.76% to -1,274.95%. Free cash flow declined 5.04% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 78th percentile of its historical P/S range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently -1,274.95%) would need to stabilize or improve to justify the move. Revenue is declining 68.6% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
GCT Semiconductor Holding, Inc., operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry.
CEOJohn Brian Schlaefer
SectorTechnology
IndustrySemiconductors
Employees121
IPO dateDec 27, 2021
Valuation
Forward P/E—
EV/EBITDA-1.81
Enterprise value$63.58M
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-57.54%
Gross margin-63.4%▼214.01%vs FY2024
Operating margin-1,274.95%▼786.89%vs FY2024
ROE52.07%▲149.51%vs FY2024
Analyst consensus
RatingBuy
Target price$3.00▲76.47%
2
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 12, 2026
Q2 FY26 · EPS est -$0.13 · Revenue est $1.77M
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