Buy GCTS by Nov 10, 2026.

The most important takeaway from GCT’s Q2 call is that the unnamed satellite customer appears to be very close to commercialization, but GCT still cannot name them because it is waiting for the customer’s approval. GCT says satellite/NTN is one of its two largest near-term volume opportunities, alongside terrestrial broadband. Management says there is “a lot of latent activity that has not ramped yet” in satellite/NTN. GCT has secured wafer capacity through Q1 2027, specifically in anticipation of what management …