Quarterly ResultAug 6, 2026, 06:02 AM
GigaCloud Q2 Revenue $411.6M (+27.6%), EPS $1.16 (+27.5%); New $120M Buyback
AI Summary
GigaCloud Technology Inc reported record financial results for the second quarter ended June 30, 2026, with total revenues increasing 27.6% year-over-year to $411.6 million and diluted EPS rising 27.5% to $1.16. Net income for the quarter was $42.3 million, up 22.3% from the prior year. The company also announced a new three-year $120 million share repurchase program, replacing the previous one, and provided Q3 2026 revenue guidance of $375 million to $400 million.
Key Highlights
- Total revenues for Q2 2026 increased 27.6% year-over-year to $411.6 million.
- Diluted EPS for Q2 2026 rose 27.5% year-over-year to $1.16.
- Net income for Q2 2026 grew 22.3% year-over-year to $42.3 million.
- Gross profit for Q2 2026 increased 37.3% year-over-year to $105.6 million.
- Board approved a new $120 million share repurchase program, effective August 6, 2026.
- GigaCloud Marketplace GMV increased 21.3% year-over-year to $1,744.8 million for the 12 months ended June 30, 2026.
- Company expects Q3 2026 total revenues to be between $375 million and $400 million.
Price Impact
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