GCT

In early August 2026, GigaCloud Technology reported past second-quarter results showing revenue of US$411.64 million and net income of US$42.34 million, issued third-quarter revenue guidance of US$375 million to US$400 million, and authorized a new three-year, US$120 million share repurchase plan funded from existing cash. Management highlighted growing marketplace activity alongside a renewed focus on integrating the New Classic acquisition, indicating an emphasis on using both buybacks and targeted mergers to shape the company’s long-term business mix. We’ll now examine how this combination of strong quarterly earnings and a fresh US$120 million buyback authorization affects GigaCloud’s investment narrative. The latest GPUs need a type of rare earth metal called Terbium and there are only 28 companies in the world exploring or producing it. Find the list for free. To own GigaCloud, you need to believe its B2B marketplace and logistics platform can keep scaling globally while managing trade, supply chain, and European concentration risks. The latest quarter’s US$411.64 million revenue and US$42.34 million net income support that platform story, but the key near term catalyst still sits in sustaining marketplace growth in Europe, where any slowdown or regulatory friction remains the most immediate swing factor for sentiment. The new information does not materially change tariff and logistics risks. The new three year, US$120 million share repurchase authorization is the most relevant development here, alongside Q3 revenue guidance of US$375 million to US$400 million. Together, they frame how management is balancing capital returns with ongoing investment in acquisitions such as New Classic, which are central to the thesis that scale, integration, and a broader product mix can support earnings, even as tariffs, freight costs, and regional exposure continue to pose meaningful risks. Yet even with these strong headline numbers, investors should be aware that concentrated European growth still leaves GigaCloud exposed if... Read the full narrative on GigaCloud Technology (it's free!) GigaCloud Technology's narrative projects $1.7 billion revenue and $168.5 million earnings by 2029. This requires 9.9% yearly revenue growth and a roughly $31 million earnings increase from $137.4 million today. Uncover how GigaCloud Technology's forecasts yield a $53.75 fair value, in line with its current price. By contrast, the most cautious analysts were already assuming only about US$1.7 billion in revenue and US$160 million in earnings by 2029, so this strong quarter may eventually push some of those more pessimistic views to evolve, especially if you think trade costs and regional concentration will... Explore 9 other fair value estimates on GigaCloud Technology - why the stock might be worth less than half the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your GigaCloud Technology research is our analysis highlighting 4 key rewards that could impact your investment decision. Our free GigaCloud Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate GigaCloud Technology's overall financial health at a glance. Early movers are already taking notice. See the stocks they're targeting before they've flown the coop: The future of work is here. Discover the 36 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. We've uncovered the 8 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GCT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

GigaCloud Technology Inc. GCT used its second-quarter 2026 earnings call to emphasize marketplace scaling and disciplined integration. Founder, chairman and CEO Larry Wu and president Iman Schrock highlighted Europe and New Classic as growth priorities. Revenues rose 27.6% to $411.6 million, beating the Zacks Consensus Estimate of $383.7 million. Adjusted EPS was $1.65; GAAP EPS of $1.16 topped the Zacks Consensus Estimate of $0.85. GigaCloud Technology Inc. price-consensus-eps-surprise-chart | GigaCloud Technology Inc. Quote President Iman Schrock said that trailing 12-month marketplace GMV increased 21% year over year to $1.7 billion. Active third-party sellers rose 26% to 1,465, and active buyers increased 17% to 12,823. Schrock highlighted 9% U.S. GMV growth despite declines in the furniture industry. He pointed to the marketplace model, supplier-fulfilled retailing and dynamic pricing as sources of flexibility. Founder, chairman and CEO Larry Wu said that GigaCloud remains focused on building digital infrastructure for large-parcel B2B transactions across channels and geographies. He emphasized expansion and profitable growth. Europe was GigaCloud's fastest-growing region. Schrock said that quarterly GMV there increased 66% year over year, while third-party sellers rose more than 400%. Third-party sellers now account for more than 15% of Europe marketplace GMV, up from 6% a year earlier. Schrock said that the marketplace is progressing from first-party product seeding toward greater third-party participation. In the Q&A, CFO Erica Wei said that Europe is generating high double-digit growth. Product margins are a strong contributor, while service margins trail the United States because logistics density and scale are less developed. New Classic generated $16.3 million of second-quarter revenues, and its year-over-year sales decline improved to 8% from about 20% in the first quarter after the acquisition. Schrock said that integration remains on track for completion by mid-next year. A ROTH Capital Partners analyst asked what is driving the improvement. Erica Wei said that the first two quarters centered on combining teams, systems, processes and operations. Wei also added that some new products are already being introduced, with a broader pickup expected over several quarters. She pointed to the Noble House timeline, where product activity generally took three to four quarters to build. Service gross margin improved 3.2 percentage points sequentially to 11.7%. Wei attributed the gain to carrier optimization, responsive pricing and favorable ocean freight dynamics under long-term capacity contracts. A ROTH Capital Partners analyst asked whether higher spot freight rates could keep supporting margins. Wei said that costs are more visible than market pricing, and higher ocean rates can support service margins while pressuring product economics. A Maxim Group analyst also asked about Amazon's Supply Chain as a Service. Schrock said GigaCloud differentiates through a large-parcel B2B marketplace combined with integrated logistics and a channel-agnostic fulfillment model. GigaCloud expects third-quarter revenues of $375-$400 million. Wei said that the outlook includes New Classic and incorporates continued operational stabilization as integration progresses. The company repurchased about $30 million of shares during the quarter and another $18 million afterward. It then replaced the prior authorization with a new three-year, $120 million repurchase program. On M&A, Wei said that New Classic remains the near-term priority. Longer term, she said that GigaCloud could consider distribution businesses, technology additions or European logistics assets, with strategic fit and integration demands guiding decisions. Larry Wu centered his remarks on profitable growth, operational adaptability and controlled expansion. He said GigaCloud intends to keep scaling its marketplace while using its balance sheet and cash generation to support long-term opportunities. Wu's emphasis, alongside CFO Erica Wei's integration and capital-allocation commentary, kept the near-term focus on Europe, New Classic and disciplined deployment of resources in a challenging furniture environment. GCT carries a Zacks Rank #3 (Hold). Its Value Score of A and VGM Score of B are the stronger Style Score readings, while its Growth Score of C and Momentum Score of D present a more mixed profile. The Zacks Style Score is designed to complement the Zacks Rank, with the strongest combinations centered on Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks paired with A or B scores. Because the Rank is driven by earnings-estimate revisions, it can change as analysts update estimates after the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +36.47%. A quarter ago, it was expected that this company would post earnings of $0.87 per share when it actually produced earnings of $1.04, delivering a surprise of +19.54%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. GigaCloud Technology Inc., which belongs to the Zacks Technology Services industry, posted revenues of $411.64 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.28%. This compares to year-ago revenues of $322.61 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. GigaCloud Technology Inc. shares have added about 17.7% since the beginning of the year versus the S&P 500's gain of 12.8%. While GigaCloud Technology Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for GigaCloud Technology Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.10 on $380.5 million in revenues for the coming quarter and $4.18 on $1.53 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Keel Infrastructure Corp (KEEL), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of -300%. The consensus EPS estimate for the quarter has been revised 6.3% higher over the last 30 days to the current level. Keel Infrastructure Corp's revenues are expected to be $34.95 million, down 55.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report Keel Infrastructure Corp (KEEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Delivers another Quarter of Record Revenue and EPS EL MONTE, Calif., Aug. 06, 2026 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the second quarter and six months ended June 30, 2026, reporting record second quarter revenue and earnings per share over the comparable prior year period. Second Quarter 2026 Financial Highlights Total revenues of $411.6 million, increased 27.6% year-over-year. Gross profit of $105.6 million, increased 37.3% year-over-year.Gross margin was 25.6%, compared to 23.9% in the second quarter of 2025. Net income of $42.3 million, increased 22.3% year-over-year. Net income margin was 10.3%, compared to 10.7% in the second quarter of 2025.Diluted EPS increased 27.5% year-over-year to $1.16. Adjusted EBITDA1 of $60.4 million, increased 39.5% year-over-year.Adjusted EPS – diluted2 of $1.65, increased 44.7% year-over-year. Cash and cash equivalents, Restricted cash, and Investments totaled $378.6 million as of June 30, 2026, a 9.2% decrease from December 31, 2025. Year-to-Date 2026 Financial Highlights Total revenues of $771.1 million, increased 29.7% year-over-year. Gross profit of $191.4 million, increased 36.0% year-over-year.Gross margin was 24.8%, compared to 23.7% in the first half of 2025. Net income of $80.5 million, increased 30.5% year-over-year. Net income margin was 10.4%, compared to 10.4% in the first half of 2025. Diluted EPS increased 38.6% year-over-year to $2.19. Adjusted EBITDA of $106.0 million, increased 38.6% year-over-year. Adjusted EPS – diluted of $2.89, increased 47.4% year-over-year. Operational Highlights GigaCloud Marketplace GMV3 increased 21.3% year-over-year to $1,744.8 million for the 12 months ended June 30, 2026. 3P seller GigaCloud Marketplace GMV4 increased 27.0% year-over-year to $962.3 million for the 12 months ended June 30, 2026. 3P seller GigaCloud Marketplace GMV represented 55.2% of total GigaCloud Marketplace GMV for the 12 months ended June 30, 2026. Active 3P sellers5 increased 26.1% year-over-year to 1,465 for the 12 months ended June 30, 2026. Active buyers6 increased 17.1% year-over-year to 12,823 for the 12 months ended June 30, 2026. Spend per active buyer7 was $136,069 for the 12 months ended June 30, 2026. “This marks our sixteenth quarterly report. Over the years, the market has weathered numerous ups and downs, yet we have remained consistent – because true value creation has never been about chasing the latest trends, but about discipline and focus, day in and day out,” said Larry Wu, Founder and Chief Executive Officer. “This quarter, we once again proved with record revenue and earnings per share that steadiness is not mediocrity, but the strongest defense against uncertainty. Going forward, we will continue to tune out the noise, stay the course, execute with discipline, and deliver sustainable long-term value for our shareholders.” “Our strong balance sheet and cash generation continue to provide the flexibility to execute our capital allocation strategy dynamically,” said Erica Wei, Chief Financial Officer. “We accelerated our share repurchases to approximately $30 million in the second quarter and deployed an additional $18 million post June 30, 2026, capitalizing on recent market volatility and the resulting pricing dislocation. With approximately $30 million remaining and two years left on our prior authorization – insufficient for opportunistic execution – we have cancelled our existing plan in favor of a new three-year $120 million program. We remain firmly committed to disciplined capital allocation and building value for our long-term shareholders.” Business Outlook The Company expects its total revenues to be between $375 million and $400 million in the third quarter of 2026. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof. Share Repurchase Program On August 13, 2025, the Company’s Board of Directors approved a $111.0 million share repurchase program (the “2025 Program”). The 2025 Program became effective on August 17, 2025 and will remain in effect for a period of three years. During the second quarter of 2026, we repurchased 758,612 of our Class A ordinary shares at a total consideration of approximately $30.0 million. Subsequent to the second quarter of 2026, the Company has repurchased an aggregate of 491,831 Class A ordinary shares in the open market at a total consideration of approximately $17.7 million pursuant to a repurchase plan under Rule 10b5-1 of the Exchange Act. As of August 5, 2026, approximately $29.6 million remained unutilized under the 2025 Program. On August 5, 2026, the Company’s Board of Directors approved a new $120.0 million share repurchase program (the “2026 Program”). The 2026 Program became effective on August 6, 2026 and will remain in effect for a period of three years, while the 2025 Program was terminated on the same date. Under the share repurchase program, the Company may purchase its ordinary shares through various means, including open market transactions, privately negotiated transactions, block trades, any combination thereof or other legally permissible means. The Company may effect repurchase transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with the Company’s working capital requirements, general business conditions and other factors. Conference Call The Company will host a conference call to discuss its financial results at 8:00 am U.S. Eastern Time on August 6, 2026. Participants can access the conference call at https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10210427&linkSecurityString=1046d15dde9 by entering their details to receive a call that will connect them to the conference. All participants are encouraged to dial in 15 minutes prior to the start time. A live and archived webcast of the conference call will be accessible on the Company’s investor relations website at: https://investors.gigacloudtech.com/. About GigaCloud Technology Inc GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery and payments to logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/. Non-GAAP Financial Measures The Company uses certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EPS – diluted, to understand and evaluate its core operating performance. Adjusted EBITDA is net income excluding interest, income taxes and depreciation and amortization, further adjusted to exclude share-based compensation expense. Adjusted EPS – diluted is a financial measure defined as our Adjusted EBITDA divided by our diluted weighted-average shares outstanding. Management uses Adjusted EBITDA and Adjusted EPS – diluted as measures of operating performance, for planning purposes, to allocate resources to enhance the financial performance of our business, to evaluate the effectiveness of our business strategies and in communications with our Board of Directors and investors concerning our financial performance. Non-GAAP financial measures, which may differ from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more information on the non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliation of Adjusted EBITDA” and “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release. Forward-Looking Statements This press release contains “forward-looking statements.” Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. For investor and media inquiries, please contact: GigaCloud Technology Inc Investor RelationsEmail: [email protected] PondelWilkinson, Inc.Todd Kehrli (Investors) – [email protected]; Laurie Berman (Investors) – [email protected] Medici (Media) – [email protected]

Interested in GigaCloud Technology Inc.? Here are five stocks we like better. Strong Q2 performance: Revenue rose 28% year over year to $412 million, while diluted EPS increased 28% to $1.16 and net income reached a record $42 million. Marketplace and European expansion drove growth: GMV increased 21% to $1.7 billion, with European GMV up 66% and third-party sellers in Europe growing more than 400% year over year. Financial flexibility and outlook: GigaCloud ended the quarter debt-free with $379 million in liquidity, launched a new $120 million share-repurchase program, and forecast third-quarter revenue of $375 million to $400 million. 5 Small-Cap Stocks With Impressive Growth and Upside Potential GigaCloud Technology (NASDAQ:GCT) reported second-quarter revenue growth of 28% and record quarterly earnings per share, as the company cited marketplace expansion, European momentum and contributions from its New Classic acquisition despite continued pressure in the broader furniture market. Revenue for the quarter rose to $412 million, including 23% organic growth and a 5% contribution from New Classic, Chief Financial Officer Erica Wei said. Diluted GAAP earnings per share increased 28% year over year to $1.16, while net income climbed 22% to a quarterly record of $42 million, or 10.3% of revenue. → 3 Drone Stocks That Should Soar After the Summer Slump Improving Fundamentals Drive New Buybacks for 3 Strong Performers “Despite ongoing pressure from across the broader furniture landscape, we delivered 28% revenue growth and record earning per share,” Chief Executive Officer Larry Wu said. He said the company is pursuing growth through marketplace expansion, international operations and strategic investments, including its acquisitions of Noble House and New Classic. President Iman Schrock said trailing 12-month gross merchandise value, or GMV, rose 21% year over year to $1.7 billion as of June 30. Active third-party sellers increased 26% to 1,465, while active buyers grew 17% to 12,823. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth One Value, One Growth, and One Momentum Stock For Diversification Domestic GMV increased 9% during the quarter despite declines in the U.S. furniture industry, according to Schrock. He attributed the company’s performance to its marketplace model and supplier-fulfilled retailing approach. Service revenue rose 25% to $121 million, supported by demand for ocean freight, warehousing and last-mile services, as well as higher commission revenue tied to transaction volume. Service gross margin improved 3.2 percentage points sequentially to 11.7%, which Wei said reflected carrier optimization, responsive pricing and favorable ocean freight conditions. → Jersey Mike's Serves Fresh Gains After IPO Stumble The company’s long-term ocean freight contracts allowed service margins to benefit as spot rates increased during the quarter, Wei said. However, she added that future service margins will depend in part on market pricing, which she described as difficult to predict amid volatility in ocean freight markets. Product revenue grew 29% to $291 million. U.S. product revenue increased 17%, aided by a strong outdoor furniture season and capabilities obtained through the Noble House acquisition. Product gross margin was 31.4%, unchanged from the preceding quarter, while total company gross margin increased 1.7 percentage points sequentially to 25.6%. Europe was a major contributor to growth during the quarter. Quarterly GMV in the region rose 66% year over year, while European product revenue increased 54% to $109 million. Schrock said the company is seeing its international marketplace strategy gain traction as it uses first-party supply to establish product availability, attract buyers and support third-party seller participation. Third-party sellers in Europe increased more than 400% year over year and accounted for more than 15% of European marketplace GMV, up from 6% a year earlier. Wei said Europe is the company’s fastest-growing region and is becoming a strong product-margin contributor. The region’s service and logistics margin remains below that of the U.S. because logistics requires density and scale, she said, but she expects that gap to narrow as GigaCloud expands infrastructure and vendor relationships. New Classic generated $16.3 million in quarterly revenue. Its sales declined 8% year over year, an improvement from an approximately 20% decline reported in the first quarter following the acquisition’s close. Management said the initial decline reflected both industry challenges facing traditional wholesalers and disruption associated with the ownership transition. The company expects the integration to be completed by the middle of next year. Wei said the first stages of integration have focused on aligning teams, systems, processes and operations. GigaCloud has begun introducing some new products to New Classic customers, though management expects a more significant contribution over the next several quarters as integration advances and products are developed, shipped and sold. “We believe New Classic is following a similar path to Noble House, where operational improvements and disciplined execution unlock meaningful value over time,” Wei said. Operating cash flow was $48 million during the quarter. GigaCloud ended the period debt-free with $379 million in total liquidity, including cash equivalents, restricted cash and short-term investments. The company repurchased about $30 million of shares during the second quarter at a weighted average price of $39.55 per share. After June 30, it bought another $18 million of shares at an average price of $36 per share. Total repurchases under its prior $111 million authorization reached $81 million. GigaCloud’s board canceled the prior authorization and approved a new $120 million share repurchase program effective immediately, with a three-year duration. Wei said the company’s near-term merger-and-acquisition priority remains the New Classic integration, though it may evaluate future targets that expand product distribution, add technology capabilities or strengthen European logistics infrastructure. For the third quarter, GigaCloud expects revenue of $375 million to $400 million. Wei said the outlook includes expected inorganic contributions from New Classic and assumes continued operational stabilization at the acquired business. GigaCloud Technology Inc (NASDAQ:GCT) is a China-based provider of software-as-a-service (SaaS) and cloud computing solutions tailored for cross-border e-commerce. The company’s core offering, its Supply Chain Embedded E-commerce as a Service (SCEaaS) platform, integrates procurement, order management, warehousing, logistics and payment services into a unified cloud-based system. This end-to-end digital supply chain solution is designed to help small and medium-sized Chinese exporters efficiently connect with global buyers without the need to build and maintain their own infrastructure. Through its modular, subscription-based SaaS model, GigaCloud enables merchants to scale operations on demand and minimize upfront capital expenditures. 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 [email protected]. The article "GigaCloud Technology Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Revenue: $412 million, up 28% year over year, including 23% organic growth and 5% inorganic contribution from New Classic. Earnings Per Share (EPS): Record diluted GAAP EPS of $1.16, up 28% year over year. Net Income: Record quarterly net income of $42 million, or 10.3% of revenue, up 22% year over year. Service Revenue: $121 million, up 25% year over year, driven by higher demand for ocean freight, warehousing, and last-mile services. Product Revenue: $291 million, up 29% year over year, with growth across all regions. Gross Margin: Total company gross margin was 25.6%, a sequential increase of 1.7% from the prior quarter; product gross margin was 31.4%, in line with the previous quarter. Service Gross Margin: Improved 3.2% sequentially to 11.7%. Operating Cash Flow: $48 million during the quarter. Liquidity: Ended the quarter with $379 million in total liquidity, including cash equivalents, restricted cash, and short-term investments; remains debt-free. Share Buybacks: Executed approximately $30 million in buybacks at a weighted average price of $39.55 per share during Q2; subsequent to quarter end, executed another $18 million at $36 per share. Marketplace GMV: Trailing 12-month GMV grew 21% year over year to $1.7 billion as of June 30, 2026. Active Sellers: Active third-party sellers increased 26% to 1,465. Active Buyers: Active buyers grew 17% to 12,823. U.S. Product Revenue: Grew 17% year over year despite softness in the broader furniture market. Europe Product Revenue: Increased 54% year over year to $109 million. New Classic Revenue: Generated $16.3 million during the quarter, with sales declining 8% year over year, improving from a 20% decline in Q1. Sales and Marketing Expense: $36 million, or 9% of total revenue, compared with 8% a year ago. General and Administrative Expense: $19 million, or 5% of revenue, compared to 4% in the prior year quarter. Stock-Based Compensation: $11 million in Q2 2026, compared to $3 million in Q2 2025. Third Quarter Revenue Guidance: Expected to be in the range of $375 to $400 million. Warning! GuruFocus has detected 2 Warning Signs with GCT. Is GCT fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. GigaCloud Technology Inc (NASDAQ:GCT) delivered record revenue of $412 million, up 28% year-over-year, and record EPS of $1.16, up 28%, despite a challenging furniture market. The company's marketplace continues to gain traction, with trailing 12-month GMV up 21% to $1.7 billion, active third-party sellers up 26% to 1,465, and active buyers up 17% to 12,823. Europe is a standout growth driver, with quarterly GMV up 66% year-over-year, product revenue up 54% to $109 million, and 3P seller participation surging over 400% year-over-year. The New Classic acquisition is stabilizing, with the year-over-year revenue decline improving from 20% in Q1 to 8% in Q2, and the integration remains on track for completion by mid-next year. The company maintains a strong balance sheet with $379 million in total liquidity, is debt-free, and generated $48 million in operating cash flow, while also executing aggressive share buybacks. Service gross margin improved 3.2% sequentially to 11.7%, driven by carrier optimization, responsive pricing, and favorable ocean freight dynamics. The company's U.S. product revenue grew 17% despite industry softness, benefiting from a strong outdoor furniture season and the Noble House acquisition. Management has approved a new $120 million share buyback plan, demonstrating confidence in the company's long-term value. The company is exploring strategic M&A opportunities, including targets in product distribution, technology, and European logistics, to further accelerate growth. GigaCloud's platform is channel-agnostic and purpose-built for large parcel B2B, differentiating it from competitors like Amazon's supply chain service. The U.S. furniture industry remains under pressure, with ongoing challenges from cross-border competition and market softness. New Classic's revenue declined 8% year-over-year in Q2, and the integration is still in early stages, with new product rollouts not expected to significantly contribute for several quarters. The company faces potential margin pressure on product gross margins if ocean freight spot rates rise, as these costs are passed through to product pricing. Service gross margins in Europe lag behind the U.S. due to lower logistics density and scale, and the gap is expected to close only over time. Sales and marketing expenses increased to 9% of revenue, up from 8% a year ago, due to higher channel commissions and spending to support European expansion. General and administrative expenses rose to 5% of revenue from 4%, partly due to higher stock-based compensation, which was $11 million in Q2 2026 versus $3 million in Q2 2025. The company's third-quarter revenue guidance of $375-$400 million implies a slowdown in growth to around 17% year-over-year, reflecting continued market uncertainty. Tariff refunds received to date are not material, and the company may not retain all economic benefits, limiting potential upside. The company's M&A strategy is still in early stages, with no immediate plans for larger acquisitions until New Classic integration progresses further. Ocean freight rates remain volatile, making it difficult to predict future service margin trends, despite cost visibility. Q: Can you provide more granularity on the strength in Europe, which regions are doing well, and how does the margin profile there compare to the core U.S. revenue? A: Erica Wei (CFO): Europe is our fastest-growing region, driven primarily by our 1P activity, which seeds the market with product and attracts buyers. We are now seeing 3P participation accelerate, leading to triple-digit growth in that segment. While we don't disclose region-specific margins, Europe is a very strong product margin contributor. Its service/logistics margins are slightly lagging the U.S. due to lower density and scale, but we expect that gap to close as the market grows. Q: Can you comment on tariff refunds and whether you have an opportunity to benefit from them? A: Erica Wei (CFO): We have been applying for tariff refunds and have already received a portion, though the amounts are not material to date. Given the New Classic acquisition and prior customer price increases, we don't expect a meaningful long-term effect for GigaCloud as a whole, as we may not retain all the economic benefits. Q: Amazon recently launched supply chain as a service. Why is this not a competitor, or why are you better situated to succeed? A: Iman Schrock (President): Our value proposition extends beyond transportation. Our strength lies in combining a B2B marketplace with integrated logistics for large parcel products. We are purpose-built for large parcel and are channel-agnostic, enabling customers to fulfill orders across multiple sales channels through a neutral platform, which differentiates our offering. Q: As you get bigger, what is your appetite for larger-scale acquisitions? A: Erica Wei (CFO): It is target-specific. There is appetite for something larger once we are past the initial stages of integrating New Classic. The size depends on the target and how well it fits with GigaCloud's long-term strategic objectives, rather than a fixed range. Q: How is New Classic factored into the third-quarter growth outlook, and can you unpack the drivers of improvement there? A: Erica Wei (CFO): The guidance includes New Classic's inorganic contribution. The first two quarters of integration focused on aligning teams, processes, and operations. We have begun introducing new products at a small scale, with a more significant pickup expected over the next several quarters, following a similar timeline to the Noble House integration. Q: With ocean freight contracts locked in, is it safe to say service gross margins should expand next quarter and for the remainder of the year? A: Erica Wei (CFO): We have visibility into our costs, but not long-term market pricing. Ocean rates have been volatile. Cost-wise, we are in a good position, but predicting the market three to six months out is difficult. Higher ocean spot rates support service margins but pressure product margins, which we address through product pricing. Q: As you think about your next acquisition, what capabilities or strategies will you be looking for? A: Erica Wei (CFO): Our priority is New Classic integration. Generally, we consider three types of targets: product distribution-oriented businesses like New Classic that connect with brick-and-mortar retailers; technology companies that help serve customers better, like the Wonder acquisition; and logistics-focused targets in Europe to support the rapid growth and infrastructure needs there. Q: Would you be open to a European logistics acquisition now, since it would be geographically separate from New Classic? A: Erica Wei (CFO): It would depend on the specific case, weighing the advantages against the integration efforts and cost. It is a case-by-case scenario rather than a predetermined equation. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

GigaCloud Technology Inc. GCT is set to report its second-quarter 2026 earnings on Aug. 6, before the market opens. The bottom-line estimate for the soon-to-be-reported quarter has remained flat at 85 cents per share over the past 60 days. The consensus mark indicates a decline of 6.6% year over year. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $383.7 million, which indicates a rise of 18.9% year over year. The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 57.4%. GigaCloud Technology Inc. price-eps-surprise | GigaCloud Technology Inc. Quote GCT’s top-line in the to-be reported quarter is expected to have been affected by a downturn in the U.S. furniture demand, lower ocean-service volumes and pressure on service margins. Rising fuel and delivery costs are also likely to have weighed on profitability. The ongoing geopolitical tensions in the Middle East and supply-chain disruptions are likely to have weighed on its June-end quarter results. Inflationary pressures and fuel price volatility are also expected to have posed additional headwinds. Moreover, the New Classic’s integration-related disruptions and unfavorable purchasing terms are expected to have hurt growth and margins. Vietnam flooding, inventory delays and higher expansion-related expenses are likely to have added further pressure. Our proven Zacks model does not conclusively predict an earnings beat for GCT this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. But that's not the case here. GCT currently has an Earnings ESP of 0.00% and a Zacks Rank #3. Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season. Enpro Inc. NPO: The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is pegged at $322.9 million, indicating 12.1% year-over-year growth. The consensus estimate for earnings is pegged at $2.30 per share, implying a 13.3% rise from the year-ago quarter’s actual. The company beat the consensus estimate in each of the trailing four quarters, with an average surprise of 1.95%. NPO has an Earnings ESP of +0.87% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. The company is scheduled to declare its second-quarter 2026 results on Aug. 4. Thomson Reuters TRI: The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $1.91 billion, implying a 7.26% rise year over year. For earnings, the consensus mark is pegged at 96 cents per share, indicating a rise of 9.1% year over year. The company beat on earnings in each of the trailing four quarters, delivering an average surprise of 3.1%. TRI currently has an Earnings ESP of +2.35% and a Zacks Rank #2. The company is set to declare its second-quarter 2026 results on Aug. 5. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report Thomson Reuters Corp (TRI) : Free Stock Analysis Report Enpro Inc. (NPO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. GigaCloud Technology (GCT) recently drew fresh attention after closing at $35.40, a 2.88% gain on a weak market day, as investors looked ahead to its upcoming earnings release. See our latest analysis for GigaCloud Technology. The recent 1 day share price return of 2.88% and 7 day share price return of 3.87% come after a period where GigaCloud Technology’s 90 day share price return declined 21.26%. At the same time, its 1 year total shareholder return of 72.77% and 3 year total shareholder return of about 4.3x highlight how sentiment has shifted over longer horizons. If you are looking beyond GigaCloud Technology for other potential ideas in tech enabled businesses, it could be worth scanning the 63 profitable AI stocks that aren't just burning cash After GigaCloud Technology’s sharp multi year climb and recent pullback, along with a share price that still sits well below published analyst targets, is the greater opportunity now in upside still ahead or in gains already realized? Compared with the most followed fair value estimate of $53.75, GigaCloud Technology’s last close at $35.40 leaves a sizeable valuation gap that current shareholders and potential buyers are watching closely. Read the complete narrative. Curious what sits underneath that fair value gap for GigaCloud Technology? The narrative leans heavily on compounding revenue, resilient margins, and a future earnings multiple that contrasts sharply with today’s pricing. Result: Fair Value of $53.75 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the GigaCloud Technology narrative also leans on continued European strength and smoother global trade, so any setback in those areas could quickly challenge today’s optimism. Find out about the key risks to this GigaCloud Technology narrative. With sentiment on GigaCloud Technology this mixed, it helps to act promptly, review the key data for yourself, and weigh up the 4 key rewards If you are serious about building a stronger portfolio alongside GigaCloud Technology, it is worth scanning other focused stock ideas that could round out your exposure. Target reliable cash generators by reviewing companies in the solid balance sheet and fundamentals stocks screener (47 results) and see which businesses pair financial strength with consistent fundamentals. Spot potential value opportunities early by checking the screener containing 20 high quality undiscovered gems before the crowd pays closer attention. Dial back risk without stepping away from the market by assessing companies in the 80 resilient stocks with low risk scores that may offer a smoother ride through volatility. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GCT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

GigaCloud Technology Inc. recently drew heightened attention as analysts highlighted upcoming earnings expectations, including a forecast EPS of US$0.85 alongside stronger revenue projections and a valuation seen as discounted versus peers. Investor interest has also been reinforced by a mix of brokerage ratings leaning toward positive views and the stock’s appearance among the most searched names on Zacks.com, suggesting its earnings outlook and pricing are under closer scrutiny. With GigaCloud now drawing heavier search interest ahead of earnings, we’ll examine how this growing attention affects its existing investment narrative. We've uncovered the 8 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own GigaCloud, you need to believe its B2B ecommerce and logistics platform can keep converting rising cross border demand into profitable growth while managing trade and supply chain volatility. The short term focus is on whether upcoming earnings, with a forecast EPS of US$0.85 and nearly 19% revenue growth, confirm that margins remain resilient; the biggest near term risk is that tariffs, freight costs, or European softness start to erode that profitability story. So far, this latest news does not materially change that balance. Among recent developments, the most relevant here is GigaCloud’s steady inclusion in multiple Russell growth indexes, which has coincided with stronger liquidity and broader institutional visibility. Set against the current Zacks Rank #3 (Hold) and the stock’s forward P E sitting below industry averages, the combination of index inclusion and perceived discount is reinforcing attention on how the next few quarters of execution might influence both earnings momentum and any rerating closer to peers. Yet in contrast to the upbeat search interest and growth focus, the risk that rising tariffs and trade frictions could pressure margins is something investors should be aware of... Read the full narrative on GigaCloud Technology (it's free!) GigaCloud Technology's narrative projects $1.7 billion revenue and $168.5 million earnings by 2029. This requires 9.9% yearly revenue growth and an earnings increase of about $31 million from $137.4 million today. Uncover how GigaCloud Technology's forecasts yield a $53.75 fair value, a 52% upside to its current price. Some of the lowest ranked analysts were already cautious, assuming revenues reach about US$1.7 billion and earnings about US$160.0 million by 2029, so you should weigh that more pessimistic path against the current earnings buzz and consider how fresh results might shift both views. Explore 9 other fair value estimates on GigaCloud Technology - why the stock might be worth 29% less than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your GigaCloud Technology research is our analysis highlighting 4 key rewards that could impact your investment decision. Our free GigaCloud Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate GigaCloud Technology's overall financial health at a glance. Opportunities like this don't last. These are today's most promising picks. Check them out now: Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. The future of work is here. Discover the 32 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GCT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]