GigaCloud Technology Inc (NASDAQ: GCT) saw its stock price surge 11.24% in after-hours trading following the release of its impressive second-quarter financial results and optimistic third-quarter outlook. The company, which specializes in B2B e-commerce solutions for large parcel merchandise, demonstrated strong performance across key financial metrics.
For the second quarter ended June 30, 2025, GigaCloud reported adjusted earnings per share of $1.14, significantly beating the analyst consensus estimate of $0.41 by 174.7%. This represents a 75.38% increase from the same period last year. Revenue for the quarter came in at $322.61 million, surpassing analyst expectations of $290.08 million by 11.21% and showing a 3.78% year-over-year growth. The company also reported a robust gross margin of 23.9% and a net income of $34.6 million.
Looking ahead, GigaCloud provided a strong outlook for the third quarter, projecting revenue between $295 million and $310 million. This positive guidance, coupled with the company's ability to exceed expectations in Q2, likely contributed to the substantial after-hours stock price increase. Investors appear to be responding favorably to GigaCloud's continued growth and profitability in the competitive e-commerce sector.