Quarterly ResultMay 7, 2026, 06:03 AM
GigaCloud Q1 Revenue +32.2% to $359.5M; Diluted EPS +52.9% to $1.04
AI Summary
GigaCloud Technology Inc reported strong financial results for the first quarter ended March 31, 2026, with total revenues increasing 32.2% year-over-year to $359.5 million and diluted EPS rising 52.9% to $1.04. The company also saw significant operational growth, with GigaCloud Marketplace GMV up 17.5% and active buyers increasing 25.2% over the last 12 months. GigaCloud provided Q2 2026 revenue guidance of $365 million to $390 million and continued its share repurchase program, buying back $12.3 million in shares during the quarter.
Key Highlights
- Total revenues increased 32.2% year-over-year to $359.5 million.
- Net income rose to $38.1 million from $27.1 million in the prior-year period.
- Diluted EPS increased 52.9% year-over-year to $1.04.
- Adjusted EBITDA grew 37.3% year-over-year to $45.6 million.
- GigaCloud Marketplace GMV increased 17.5% year-over-year to $1,664.6 million.
- Active buyers increased 25.2% year-over-year to 12,473.
- Company expects Q2 2026 revenues between $365 million and $390 million.
- Repurchased 304,321 shares for approximately $12.3 million in Q1 2026.