GigaCloud Technology releases transcript of Q1 2026 earnings call

• GigaCloud Technology discussed first-quarter 2026 results on May 7 with Founder and CEO Larry Lei Wu, President Iman Schrock, CFO Erica Wei; Q&A included analysts from Maxim Group, Lake Street Capital Markets, Roth Capital Partners, Aegis Capital.
• Revenue rose 32% to USD 359 million; EPS increased 53% to USD 1.04; trailing 12-month GMV rose 17% to USD 1.7 billion with active buyers up 25% to 12,473.
• Europe drove outsized momentum with quarterly marketplace GMV up 83%; management cited a fragmented market and scaling benefits, with warehousing currently in Germany and UK and planning for additional fulfillment centers as 3P volume grows.
• New Classic integration remained on track for roughly six quarters; management expects near-term disruption similar to Noble House, with New Classic down about 20% year over year on a stand-alone basis, before a return to growth and margin accretion.
• Service gross margin pressures tied to low ocean spot rates and ground-shipping overcapacity; management flagged rising oil prices as a cost headwind across ocean and ground delivery, with pricing discipline used to manage increases.

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