Filing Flows › GigaCloud Technology (GCT) › Q3 2026 › vs Q2 2026
GigaCloud Technology (GCT) Q3 2026 vs Q2 2026 (quarter over quarter)
GigaCloud Technology's revenue rose $11.9M (+3%) from $412M in Q2 2026 to $424M in Q3 2026. The biggest changes: Service revenues +$15.2M (+13%); Product revenues −$3.3M (-1%). Gross margin 24.9% against 25.6% (-0.8 pts).
GigaCloud Technology, Q3 2026: revenue $424M (+27% year over year), operating margin 13.9%, net earnings $50.6M, operating cash flow $56.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.9% | 25.6% | -0.8 pts |
| Operating margin | 13.9% | 11.5% | +2.4 pts |
| Net margin | 11.9% | 10.3% | +1.7 pts |
| Free cash flow margin | 13.2% | 11.0% | +2.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Last-mile delivery service | $75.4M | $70.0M | $5.4M | +8% |
| Ocean transportation service | $18.2M | $10.7M | $7.5M | +70% |
| Warehousing service | $17.0M | $16.0M | $999K | +6% |
| Packaging service | $9.7M | $9.3M | $454K | +5% |
| Platform commission | $6.7M | $6.2M | $486K | +8% |
| Others | $5.8M | $5.4M | $437K | +8% |
| Drayage service | $3.1M | $3.1M | −$13K | -0.4% |
| Service revenues | $136M | $121M | $15.2M | +13% |
| Product revenues | $288M | $291M | −$3.3M | -1% |
| Revenue | $424M | $412M | $11.9M | +3% |
| Gross profit | $105M | $106M | −$293K | -0.3% |
| Cost of revenue | $318M | $306M | $12.2M | +4% |
| Other income, net | $3.0M | $2.4M | $591K | +25% |
| Operating profit | $59.0M | $47.5M | $11.5M | +24% |
| Operating expenses | $46.2M | $58.0M | −$11.8M | -20% |
| Pre-tax earnings | $62.0M | $49.9M | $12.1M | +24% |
| Research & development | $2.3M | $2.7M | −$403K | -15% |
| Sales & marketing | $34.7M | $36.2M | −$1.5M | -4% |
| General & admin | $9.1M | $19.2M | −$10.0M | -52% |
| Net earnings | $50.6M | $42.3M | $8.3M | +20% |
| Income tax | $11.4M | $7.6M | $3.8M | +51% |
| Depreciation & amortization | $2.3M | $2.2M | $93K | +4% |
| Share-based compensation | $879K | $11.2M | −$10.4M | -92% |
| Working capital & other | $2.6M | −$7.3M | $9.9M | — |
| Operating cash flow | $56.4M | $48.4M | $7.9M | +16% |
| Free cash flow (OCF − capex) | $55.8M | $45.1M | $10.7M | +24% |
| Capital expenditures | $537K | $3.3M | −$2.8M | -84% |
Questions
How much did GigaCloud Technology's revenue grow quarter over quarter in Q3 2026?
GigaCloud Technology's revenue rose $11.9M (+3%) from $412M in Q2 2026 to $424M in Q3 2026.
What drove GigaCloud Technology's revenue change in Q3 2026?
Service revenues +$15.2M (+13%); Product revenues −$3.3M (-1%).