GCT Semiconductor Holding Inc. Common Stock (GCTS)

FairStock Score: 14/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earning power, honest accounting, and a price that gives a margin of safety. GCT Semiconductor does not show that today. It is a fabless wireless-chip designer with 126 employees, and the filed numbers are deteriorating. Revenue fell from $16.0M in fiscal 2023 to $9.1M in fiscal 2024 to $2.9M in fiscal 2025. Net loss widened from $12.4M in fiscal 2024 to $43.4M in fiscal 2025. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $971,000 and net loss was $20.4M. FairStock's TTM free cash flow is -$40.7M, and its FCF yield is -23.3% against the $174.7M market cap at the $1.90 close on 2026-10-13. FairStock's P/E is -2.35, so there is no earnings multiple to support the price. ROCE is -64.41%. The Piotroski F-Score is 4/9 and Altman Z-Score is -17.54, both pointing to weak financial condition and distress risk. The Lynch category is TURNAROUND, based on a loss in the latest year after earlier profits, but turnarounds need cash and a path to profits, not a -23.3% free-cash-flow yield. The provided revenue-growth figure is 287.10%, yet the filed annual trend is sharply lower; I place more weight on the filed annual statements. The company may have 4G/5G technology and a fabless model, but no durable moat is visible in the numbers. FairStock Score is 14/100. At this price, the market is paying $174.7M for a business with $2.9M of fiscal 2025 revenue and heavy losses. That is speculation on a rescue, not value with a margin of safety.

In plain English: GCT Semiconductor designs wireless chips for phones and connected devices. The business looks weak: sales are tiny, losses are large, and cash is going out the door. At $1.90 a share on 2026-10-13, the price looks expensive compared with the company's sales and there are no profits to anchor it.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer