GigaCloud Tech

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across all major financial metrics: revenue reached $411.6M vs. $380.6M expected, and GAAP EPS was $1.16 vs. $0.90 expected. Gross margin expanded to 25.6%, exceeding the 24.3% consensus by 1.30pct. Growth was primarily driven by Off-platform product revenues, which surged 46.8% YoY, bolstered by the New Classic acquisition and expansion in Europe. Despite a YoY decrease in net cash from operations, the company announced a significant $120M share repurchase program, signaling management's confidence in long-term AI-enhanced logistics growth.