GCT Semiconductor (GCTS) Q3 2026 Earnings Call Transcript

Résumé détaillé

Operator: Good afternoon. Thank you for attending GCT Semiconductor Holdings, Inc. Third Quarter 2026 Financial Results Call. [Operator Instructions] Joining the call today are…

Operator: Good afternoon. Thank you for attending GCT Semiconductor Holdings, Inc. Third Quarter 2026 Financial Results Call. [Operator Instructions] Joining the call today are John Schlaefer, CT-- GCT's Chief Executive Officer; and Edmond Cheng, CFO, to discuss our third quarter 2026 results. During the call, certain statements we make will be forward-looking. These statements are subject to risks and uncertainties, including those set forth in our safe harbor provisions for forward-looking statements that can be found at the end of our earnings press release and also in our Form 10-Q that will be filed today, which provides further details about the risks related to our business.

I would now like to turn the call over to John Schlaefer. Sir, you may begin.

John Schlaefer: Thank you, and thanks to everyone for joining us today for our third quarter 2026 earnings call. I'll begin with an update of our 5G shipments and customer progress during the third quarter and then discuss where we stand in the commercialization of our 5G platform. Following my remarks, our Chief Financial Officer, Edmond Cheng, will review our third quarter financial results in more detail. The third quarter brought continued progress for GCT. We continued shipping 5G chipsets across multiple customers and applications, added a new customer in an entirely new application and successfully expanded the total addressable market for our 5G platform.

Every one of our existing customer programs continues to move forward, and our customer base is larger today than it was 3 months ago. In total, we shipped more than 3,200 5G chipsets during the third quarter, bringing our year-to-date shipments to over 11,300 units. The majority of third quarter shipments supported our new customer's proof-of-concept efforts, and we continue delivering 5G chipsets to existing customers in both our terrestrial and satellite programs.

Our customers continue to move their programs forward, but integrating our 5G chipsets…

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