Stock Track | GigaCloud Technology Soars 8.91% in Pre-Market on Strong Q1 Results Beating Estimates

Stock Track05-07

GigaCloud Technology Inc's stock soared 8.91% in pre-market trading on Thursday, following the release of the company's first-quarter financial results.

The significant price movement comes after GigaCloud reported Q1 2026 revenue of $359.5 million, a 32.2% year-over-year increase that beat analyst estimates of $342.6 million. The company's adjusted EBITDA reached $45.6 million, exceeding expectations of $37.4 million, while net income jumped 40.5% to $38.1 million compared to the same period last year.

GigaCloud also provided positive guidance for the second quarter, forecasting revenue between $365 million and $390 million, which exceeds the consensus estimate of $362.6 million. The company attributed its strong performance to successful expansion in Europe and the strategic acquisition of Noble House, which delivered solid results despite ongoing challenges in the U.S. market.

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