Filing Flows › GigaCloud Technology (GCT) › Q2 2026
GigaCloud Technology (GCT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
GigaCloud Technology (GCT) reported revenue of $412M for the second quarter 2026 (Q2 2026), +28% from a year earlier and +15% from the quarter before. Operating margin was 11.5%, net earnings $42.3M (10.3% of revenue).
GigaCloud Technology, Q2 2026: revenue $412M (+28% year over year), operating margin 11.5%, net earnings $42.3M, operating cash flow $48.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $412M | +15% | +28% |
| Gross profit | $106M | +23% | +37% |
| Operating profit | $47.5M | +12% | +33% |
| Net earnings | $42.3M | +11% | +23% |
| Operating cash flow | $48.4M | — | +25% |
| Free cash flow | $45.1M | — | +22% |
What changed
Revenue was $411.6M in Q2 2026, up 28% year over year and up 15% from the previous quarter. Product revenues was the largest line at 71% of revenue. Product revenues added $65.1M year over year (up 29%), 73% of the total change. Drayage service declined 3%.
Gross margin was 25.6%, up 1.8 points from Q2 2025. Operating profit was $47.5M, a 11.5% margin (up 0.4 points year over year). Of the extra revenue versus Q2 2025, 13% reached operating profit, above the 11% margin then. Operating expenses grew 41% against revenue growth of 28%. The fastest-growing cost line was General & admin (+47%). Net earnings were $42.3M, up 23% year over year. The effective tax rate was 15.2%.
Operating cash flow was $48.4M (up 25% year over year), 114% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $7.3M. Capital expenditures of $3.3M left free cash flow of $45.1M.
Questions
What was GigaCloud Technology's revenue in the second quarter 2026?
GigaCloud Technology (GCT) reported revenue of $412M for the second quarter 2026 (Q2 2026), +28% from a year earlier and +15% from the quarter before.
Was GigaCloud Technology profitable in the second quarter 2026?
Operating profit was $47.5M (11.5% of revenue) and net earnings $42.3M.