GigaCloud Technology Inc. (GCT) Earnings
GigaCloud Technology Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.85. GCT has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +57.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.87 | $1.04 | +19.5% | $359M | +4.9% |
| Feb 26, 2026 | $0.65 | $1.04 | +60.0% | $363M | +9.2% |
| Nov 6, 2025 | $0.65 | $0.99 | +52.3% | $333M | +1.8% |
| Aug 7, 2025 | $0.46 | $0.91 | +97.8% | $323M | +6.1% |
| Mar 3, 2025 | $0.90 | $0.76 | -15.6% | $296M | +13.8% |
| Nov 8, 2024 | $0.67 | $0.98 | +46.3% | $303M | +8.5% |
| May 9, 2024 | $0.63 | $0.84 | +33.3% | $251M | -9.1% |
| Mar 15, 2024 | $0.58 | $0.94 | +62.1% | $245M | -11.4% |
| Nov 30, 2023 | $0.38 | $0.59 | +55.3% | $178M | -20.5% |
| Aug 15, 2023 | $0.37 | $0.45 | +21.6% | $153M | -6.5% |
| May 24, 2023 | $0.13 | $0.39 | +200.0% | $128M | +2.9% |
| Mar 17, 2023 | $0.09 | $0.29 | +222.2% | $126M | +4.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Business resilience and diversification: Delivered over 30% y-o-y revenue growth and over 50% EPS growth. Europe is a strong proof point of scalable model. - Marketplace progress: GMV rose 17% y-o-y on a trailing 12-month basis to $1.7 billion at March 31, 2026. Active third-party sellers grew 19% to 1377, active buyers increased 25% to 12,473. - U.S. and Europe market performance: 12% U.S. marketplace GMV growth quarterly, Europe marketplace GMV grew 83% quarterly. - New Classic acquisition: Integration on track, deepening capabilities but full contribution ahead. Exit of lower-margin product categories in U.S. to protect bottom-line integrity.
Guidance
- Expect revenue in the range of $365 million to $390 million for the second quarter. - New Classic integration expected to go through a similar phase as Noble House with short-term disruption then recovery. - Capital allocation includes continued share buybacks and strategic acquisitions, currently focused on integrating New Classic.
Segment performance
Product revenue rose 7% to $243 million. In the U.S., product revenue totaled $126 million, up 15% from last year's first quarter, with 2% organic growth and approximately $14 million attributable to inorganic growth from acquisition. Standalone, New Classic was down ~20% year-over-year due to U.S. industry environment and integration disruption. In Europe, product revenue grew 80% year-over-year to $103 million. Service revenue increased 24% to $117 million. Service gross margins increased 250 basis points sequentially to 2.7% but declined 7.3% year-over-year mainly due to lowered ocean spot rates.
Risks & headwinds
- Service margins impacted by lowered ocean spot rates and other factors. - Difficult U.S. industry environment. - Short-term disruption during New Classic integration. - Rising oil prices affecting delivery costs.
Analyst Q&A
Q: Larry, as you scale the business, how should we think about your strategic M&A efforts and your interest in acquiring larger assets as the business gets bigger?
A: We are continuously looking for opportunities that could build broader product line or improve technology capability to better service customers.
Q: How should we think about how rising oil prices affect your business?
A: Rising oil prices impact delivery cost on ocean and ground, but we are confident in navigating such increases.
Q: What do you think is really just driving your guys' ability to consistently outperform sort of the broader furniture and large parcel market right now?
A: It comes down to the marketplace driven by the SFR model which gives participants more flexibility, efficiency, and helps manage risk.
Q: What should we be aware of in terms of that inventory build and the purpose of that?
A: Majority was preparation for Q4 season, also increased spend due to acquisition.
Q: Talk about gross margin profitability and impacts of services.
A: Product margins improved year over year due to demand and spot rates, service margins decreased due to reduced ocean spot rate.
Q: Thoughts on timeline for integrating New Classic?
A: Roughly six quarters similar to Noble House case, with initial disruption then growth.
Q: Thoughts on capital allocation?
A: Share buybacks and strategic acquisitions are main focal points, currently focused on integrating New Classic.
Q: Provide more color on strength in Europe.
A: Model tested in US, Europe is more fragmented, operating in Germany and UK, planning for more fulfillment centers.