GCT Semiconductor (NYSE:GCTS) reported higher first-quarter revenue and said its 5G chipset commercialization efforts continued to gain traction, with management pointing to increased shipments, broader customer engagement and progress across fixed wireless access, Internet of Things and non-terrestrial network markets.
Chief Executive Officer John Schlaefer said on the company’s earnings call that GCT delivered 3,000 5G chipsets in the first quarter of 2026, up 58% sequentially from the fourth quarter. He described the volume as still modest relative to the long-term opportunity but said it reflected customers moving through late-stage testing and into initial deployments.
