GigaCloud Technology posts transcript of Q2 2026 earnings call
GCT•Share repurchases and capital return
Buybacks totaled $81 million under the prior $111 million plan. The board replaced it with a new $120 million authorization for three years.
Europe growth and New Classic integration
Europe GMV grew 66%; Europe product revenue climbed 54% to $109 million. Management cited accelerating third-party seller participation.
New Classic contributed $16.3 million of revenue. Sales decline narrowed to 8% from about 20% in Q1, and integration completion is targeted for mid-next year.
GigaCloud discusses second-quarter results and outlook
GigaCloud discussed Q2 2026 results on Aug. 6 with the CEO, president, CFO, Maxim Group, ROTH Capital, Tieton Capital Management, and Aegis Capital.
- Revenue rose 28% to $412 million.
- Diluted GAAP EPS increased 28% to $1.16.
- Q3 revenue was guided at $375 million to $400 million.
