GigaCloud Technology (NASDAQ:GCT) Posts Earnings Results, Beats Expectations By $0.45 EPS

Key Points

• GigaCloud Technology reported a quarterly earnings per share (EPS) of $0.91, significantly exceeding estimates of $0.46 by $0.45.
• The company's revenue for the quarter was $322.61 million, surpassing analyst expectations of $290.08 million, representing a 3.8% year-over-year increase.
• Following the earnings report, GigaCloud Technology's shares rose by 30.5%, reaching $28.91 with a notable trading volume of over 4 million shares.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) released its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.45, Zacks reports. GigaCloud Technology had a net margin of 11.17% and a return on equity of 32.33%. The firm had revenue of $322.61 million during the quarter, compared to the consensus estimate of $290.08 million. During the same period in the prior year, the firm earned $1.03 EPS. The company's revenue was up 3.8% compared to the same quarter last year. GigaCloud Technology updated its Q3 2025 guidance to EPS.

GigaCloud Technology Trading Down 3.1%

Shares of GCT stock traded down $1.01 during trading on Thursday, reaching $31.47. 509,623 shares of the company's stock traded hands, compared to its average volume of 923,676. The company has a market capitalization of $1.20 billion, a P/E ratio of 9.42 and a beta of 2.36. The firm's 50-day moving average is $21.31 and its 200 day moving average is $18.00. GigaCloud Technology has a 1 year low of $11.17 and a 1 year high of $32.94.

Institutional Trading of GigaCloud Technology

A number of institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its position in shares of GigaCloud Technology by 2,444.8% during the 1st quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company's stock valued at $60,000 after purchasing an additional 4,034 shares in the last quarter. Nebula Research & Development LLC purchased a new position in shares of GigaCloud Technology during the 2nd quarter valued at $204,000. Legal & General Group Plc grew its position in shares of GigaCloud Technology by 16.4% during the 2nd quarter. Legal & General Group Plc now owns 25,241 shares of the company's stock valued at $499,000 after purchasing an additional 3,556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of GigaCloud Technology by 34.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,230 shares of the company's stock valued at $458,000 after purchasing an additional 8,274 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of GigaCloud Technology by 35.1% during the 2nd quarter. Invesco Ltd. now owns 40,883 shares of the company's stock valued at $809,000 after purchasing an additional 10,632 shares in the last quarter. 34.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their target price on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, August 8th.

About GigaCloud Technology

GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories.