GigaCloud Technology (GCT) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of $412 million, up 28% year-over-year, and record diluted EPS of $1.16, up 28% year-over-year, demonstrating resilience amid industry headwinds.

• Net income for Q2 2026 was $42.3 million, a 22.3% increase year-over-year, with a net margin of 10.3%.

• Marketplace GMV for the last twelve months ended June 30, 2026, reached $1.74 billion, up 21% year-over-year, with active 3P sellers up 26% and buyers up 17%.

• International expansion, especially in Europe, drove significant growth and diversification, with European GMV up 66% and product revenue up 54%.

• Integration of New Classic is progressing, with sales decline improving and new product introductions underway.

Financial highlights

• Gross profit for Q2 2026 was $106 million (gross margin 25.6%), up 37% year-over-year.

• Service revenue increased 25% to $121 million, and product revenue grew 29% to $291 million, with U.S. product revenue up 17% and Europe up 54%.

• Operating income for Q2 2026 was $47.5 million (11.5% margin), up from $35.8 million in Q2 2025.

• Adjusted EBITDA for Q2 2026 was $60.4 million, up 39.5% year-over-year; adjusted EPS-diluted was $1.65, up 44.7%.

• Cash, restricted cash, and investments totaled $379 million as of June 30, 2026, with no debt.

Outlook and guidance

• Q3 2026 revenue guidance set at $375 million–$400 million, inclusive of New Classic's contribution.

• Management expects continued growth in marketplace GMV, sellers, and buyers, supported by geographic expansion and new service offerings.

• Expect continued stabilization and improvement at New Classic as integration progresses.

• The company is monitoring global trade policy changes and customs enforcement, which may impact logistics costs and product availability.

• Forward-looking statements subject to risks and uncertainties; actual results may differ materially.