GigaCloud Technology reported record second quarter 2026 results, with total revenues of $411.6 million, a 27.6% year-over-year increase, and diluted EPS of $1.16, up 27.5% from the prior year. Both figures significantly surpassed analyst expectations.
Key Highlights
- Gross margin expanded to 25.6% from 23.9% in the same quarter last year, indicating improved profitability despite concerns over freight costs.
- GigaCloud Marketplace GMV for the trailing twelve months grew 21.3% year-over-year to $1.74 billion.
- The company announced a new, upsized $120.0 million share repurchase program effective for three years, terminating its previous plan.