GigaCloud Reports Q3 2026 Results with 27% Revenue Growth and Strong European Expansion
GigaCloud (GCT) reported strong third-quarter 2026 financial results, highlighted by a 27% year-over-year increase in total revenue to $424 million. The company's growth was primarily driven by organic marketplace expansion and the integration of New Classic, which contributed 4% to the top line. Notably, GigaCloud saw explosive growth in its European marketplace, where GMV surged 65% year-over-year. Despite facing industry headwinds such as a soft housing market and elevated logistics costs, the company achieved significant profitability with GAAP EPS rising 42% to $1.41. While product gross margins faced slight pressure due to seasonal discounting and competition from third-party sellers in Europe, service revenue grew by 26%, supported by increased demand for warehousing and ocean freight services.
Tickers: $GCT
Topics: EPS GMV Marketplace Expansion Revenue Growth Service Revenue