GigaCloud Technology Q2 revenue rises to record high
GCT•Outlook
GigaCloud expects Q3 2026 revenue between $375 million and $400 million.
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $411.60 mln | $380.60 mln (2 Analysts) |
| Q2 Net Income | $42.30 mln | ||
| Q2 Adjusted EBITDA | Beat | $60.40 mln | $50.32 mln (2 Analysts) |
| Q2 Gross Margin | 25.60% |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the online services peer group is "buy".
Wall Street's median 12-month price target for GigaCloud Technology Inc is $44.00, about 4.8% below its August 5 closing price of $46.24.
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago.
Quarterly results and revenue record
B2B marketplace operator's Q2 revenue rose 27.6% yr/yr to a record high.
Adjusted EBITDA for Q2 grew 39.5% yr/yr.
The company approved a new $120 million share repurchase program, replacing the prior $111 million authorization.
