GigaCloud Technology Q2 revenue rises to record high

GigaCloud Technology

06/08/2026 11:14

Overview
B2B marketplace operator's Q2 revenue rose 27.6% yr/yr to record high
Adjusted EBITDA for Q2 grew 39.5% yr/yr
Company approved new $120 mln share repurchase program, replacing prior $111 mln authorization

Outlook
GigaCloud expects Q3 2026 revenue between $375 mln and $400 mln

Result Drivers
MARKETPLACE EXPANSION - Co said GigaCloud Marketplace GMV increased 21.3% yr/yr, with 3P seller GMV up 27.0%
ACTIVE PARTICIPANTS - Co reported active 3P sellers up 26.1% yr/yr and active buyers up 17.1% yr/yr

Company press release: ID:nGNX58hyqv

Key Details
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%
 

Analyst Coverage
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

Reuters Recommended Reads
Aug 5 - Shopify Q2 revenue rises 34% on broad GMV growth
Aug 5 - eBay Q2 revenue, profit beats analyst expectations on advertising offerings
Aug 4 - Xometry Q2 revenue beats on marketplace growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)