GigaCloud Technology Inc Announces Second Quarter and Six Months Ended June 30, 2026 Financial Results

EL MONTE, Calif., Aug. 06, 2026 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the second quarter and six months ended June 30, 2026, reporting record second quarter revenue and earnings per share over the comparable prior year period.

Second Quarter 2026 Financial Highlights * Total revenues of $411.6 million, increased 27.6% year-over-year. * Gross profit of $105.6 million, increased 37.3% year-over-year. Gross margin was 25.6%, compared to 23.9% in the second quarter of 2025. * Net income of $42.3 million, increased 22.3% year-over-year. Net income margin was 10.3%, compared to 10.7% in the second quarter of 2025. Diluted EPS increased 27.5% year-over-year to $1.16. * Adjusted EBITDA(1) of $60.4 million, increased 39.5% year-over-year. Adjusted EPS – diluted(2) of $1.65, increased 44.7% year-over-year. * Cash and cash equivalents, Restricted cash, and Investments totaled $378.6 million as of June 30, 2026, a 9.2% decrease from December 31, 2025. Year-to-Date 2026 Financial Highlights * Total revenues of $771.1 million, increased 29.7% year-over-year. * Gross profit of $191.4 million, increased 36.0% year-over-year. Gross margin was 24.8%, compared to 23.7% in the first half of 2025.