GigaCloud Technology Inc. (GCT) Q2 Earnings and Revenues Surpass Estimates

Core Insights - GigaCloud Technology Inc. reported quarterly earnings of $0.91 per share, significantly exceeding the Zacks Consensus Estimate of $0.46 per share, marking an earnings surprise of +97.83% [1] - The company achieved revenues of $322.61 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 11.17% and showing an increase from $310.87 million year-over-year [2] - GigaCloud Technology has outperformed the S&P 500, with its shares rising approximately 18.3% since the beginning of the year compared to the S&P 500's gain of 7.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $298 million, while for the current fiscal year, the estimate is $2.79 on revenues of $1.16 billion [7] - The estimate revisions trend for GigaCloud Technology was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Technology Services industry, to which GigaCloud Technology belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Another company in the same industry, Bit Digital, Inc., is expected to report a quarterly loss of $0.03 per share, reflecting a significant year-over-year decline [9]