GigaCloud Technology Inc Class A Ordinary Shares Q3 2026 Earnings Recap

GigaCloud shares rose 0.8%, a roughly flat reaction. Revenue and earnings grew, while U.S. marketplace GMV increased despite a weak furniture market; new New Classic products are expected to contribute mainly in 2027.

Key Takeaways

• Third-quarter revenue grew 27% year over year, and earnings per share grew 42%.
• Trailing 12-month marketplace GMV topped $1.8 billion, up 24%; active 3P sellers rose 22% to more than 1,500, and active buyers rose 21% to nearly 14,000.
• Domestic marketplace GMV grew 13% during continued weakness in the U.S. furniture market.
• Europe marketplace GMV increased 65%; 3P GMV grew nearly 330% and contributed approximately $30 million to the marketplace ecosystem during the quarter.
• New Classic debuted 140 collections, or roughly 500 SKUs, and is phasing out older products. Management expects most sales contributions from the new introductions in 2027.