HC Wainwright Has Negative Outlook for GCTS Q3 Earnings

Key Points

• HC Wainwright lowered its Q3 2026 EPS estimate for GCT to ($0.13) (from ($0.12)), issued Q4 and FY2026 EPS forecasts of ($0.08) and ($0.54) respectively, and maintained a Buy rating with a $3.00 price target.
• GCT reported Q3 EPS of ($0.15), beating the ($0.22) consensus but missing revenue expectations ($0.76M vs. $0.96M); the stock trades around $1.15 with a market cap of roughly $83M and institutional ownership near 28%, including an increased stake by Goldman Sachs.

GCT Semiconductor Holding, Inc. (NYSE:GCTS - Free Report) - Equities research analysts at HC Wainwright lowered their Q3 2026 EPS estimates for GCT Semiconductor in a report released on Monday, March 30th. HC Wainwright analyst S. Buck now expects that the company will post earnings of ($0.13) per share for the quarter, down from their prior forecast of ($0.12). HC Wainwright has a "Buy" rating and a $3.00 price objective on the stock. The consensus estimate for GCT Semiconductor's current full-year earnings is ($0.30) per share. HC Wainwright also issued estimates for GCT Semiconductor's Q4 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.54) EPS.

GCT Semiconductor (NYSE:GCTS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.07. The firm had revenue of $0.76 million for the quarter, compared to the consensus estimate of $0.96 million.

GCT Semiconductor Stock Performance

GCTS opened at $1.15 on Wednesday. The stock has a market cap of $82.98 million, a price-to-earnings ratio of -1.41 and a beta of 1.23. The stock's 50 day moving average price is $1.18 and its 200-day moving average price is $1.31. GCT Semiconductor has a one year low of $0.90 and a one year high of $2.47.

Hedge Funds Weigh In On GCT Semiconductor

A number of large investors have recently bought and sold shares of GCTS. XTX Topco Ltd purchased a new stake in shares of GCT Semiconductor during the fourth quarter valued at $26,000. Engineers Gate Manager LP purchased a new stake in GCT Semiconductor in the second quarter worth about $37,000. Blair William & Co. IL bought a new position in GCT Semiconductor during the 3rd quarter worth about $47,000. Bridgeway Capital Management LLC bought a new position in GCT Semiconductor during the 3rd quarter worth about $76,000. Finally, Goldman Sachs Group Inc. increased its position in GCT Semiconductor by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 69,917 shares of the company's stock valued at $115,000 after purchasing an additional 25,535 shares during the period. Hedge funds and other institutional investors own 28.06% of the company's stock.

About GCT Semiconductor

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro. It also develops and sells cellular IoT chipsets for low-speed mobile networks such as eMTC/NB-IOT/Sigfox, and other network protocols; and 5G solutions. Its products and solutions are used in smartphones, tablets, hotspots, CPEs, USB dongles, routers, and M2M applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.