GigaCloud Technology Inc to Present at Baird’s 2026 Global Consumer, Technology & Services Conference

GigaCloud Technology (NASDAQ:GCT) reported Q2 product revenue up 29% to $291 million, with product gross margin at 31.4% and total gross margin rising to 25.6%. Europe GMV rose 66% YoY and European product revenue increased 54% to $109 million, with third-party sellers exceeding 400% YoY. Operating cash flow was $48 million; debt-free liquidity totaled $379 million. Q3 revenue guidance is $375–$400 million; the company approved a new $120 million buyback program.

GigaCloud Technology Inc (GCT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 gct-2026q2earningsrelease.htm EX-99.1 Document Exhibit 99.1 GigaCloud Technology Inc Announces Second Quarter and Six Months Ended June 30, 2026 Financial Results — Delivers another Quarter of Record Revenue and EPS — EL MONTE, Calif., August 6, 2026 — GigaCloud Technol

Lawyers for G City (TASE:GCT), controlled by Chaim Katzman, asked Tzachi Abu’s Ari Real Estate (TASE:ARIN) to disclose terms of an agreement with Ispro (TASE:ISPR) on joint control. The plan values a 26% stake at NIS 2.55B, with an option to raise to 33%. Abu seeks control; Katzman counters with CEO timing changes and financing steps. Ari shares fell ~25% since July announcement.

GCT Semiconductor shares fell despite a new partnership with MaxLinear. The companies are developing pre-integrated AnyWAN gateway platforms combining MaxLinear Wi‑Fi/network processing with GCT 5G/LTE modem solutions for fiber, cable and cellular switching, targeting lower OEM deployment costs. They will showcase at Computex Taipei June 2–5. GCT stock was $3.42, down 2.73%.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.