GCT
GigaCloud Technology Inc.
GCT's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 9.6x. Analysts expect strong earnings growth.
GCT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
GCT's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
GCT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $31.18 | -52% |
| Fair | 9.6x | $44.23 | -32% |
| Forward | 12x | $64.79 | — |
| Expensive | 13x | $58.32 | -10% |
| Current | 14x | $64.79 | — |
Historical ranges are pointers, not guarantees.
GCT's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
GCT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GCT, with profitability improving.
GCT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.61 | +21% |
| Q3 2026 | $4.62 | +38% |
| Q2 2026 | $4.20 | +26% |
| Q1 2026 | $3.95 | +29% |
| Q4 2025 | $3.59 | +18% |
| Q3 2025 | $3.34 | +5.7% |
| Q2 2025 | $3.33 | +20% |
| Q1 2025 | $3.07 | +19% |
| Q4 2024 | $3.05 | +33% |
GCT's earnings per share have climbed steadily: $4.62 over the past year, up 38% from the year before, and higher year over year for 15 quarters in a row.
GCT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $423.6M | +27% |
| Q2 2026 | $411.6M | +28% |
| Q1 2026 | $359.5M | +32% |
| Q4 2025 | $362.7M | +23% |
| Q3 2025 | $332.6M | +9.7% |
| Q2 2025 | $322.6M | +3.8% |
| Q1 2025 | $271.9M | +8.3% |
| Q4 2024 | $295.8M | +21% |
GCT's revenue has grown year over year every quarter since early 2021: $424M last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1.8 points |
| Q2 2026 | 12% | +0.4 points |
| Q1 2026 | 12% | +1.4 points |
| Q4 2025 | 11% | +1.8 points |
| Q3 2025 | 12% | -1.3 points |
| Q2 2025 | 11% | +2.3 points |
| Q1 2025 | 10% | -3.4 points |
| Q4 2024 | 9.3% | -5.8 points |
GCT's operating margin was 14% last quarter, up 1.8 points from the same quarter a year ago.
GCT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $55.8M | -28% |
| Q2 2026 | $45.1M | +22% |
| Q1 2026 | -$26.2M | -472% |
| Q4 2025 | $61.7M | -7.9% |
| Q3 2025 | $77.1M | +50% |
| Q2 2025 | $37M | +187% |
| Q1 2025 | $7M | -38% |
| Q4 2024 | $66.9M | +42% |
GCT generated $136M in free cash flow over the past year, down 27% from the year before.
GCT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -722K shares |
| 1 year | -4.7% | -1.8M shares |
| 3 years | -12% | -5.1M shares |
| 5 years | -11% | -4.4M shares |
| Available history | +277% | +26.3M shares |
GCT has 36M diluted shares, down 4.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17.7M |
| Q2 2026 | $30M |
| Q1 2026 | $12.3M |
| Q1 2025 | $22.7M |
| Q4 2024 | $23.2M |
| Q4 2023 | — |
| Q3 2023 | $1.5M |
| Q2 2023 | — |
GCT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -2.5x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -1.9x | Net Cash |
| Q4 2024 | -1.9x | Net Cash |
GCT has more cash than debt.
GCT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 75.7 | Overbought |
| Stochastic | 79.3 | Neutral |
GCT's weekly RSI is 76 (overbought) and its Stochastic is 79 (neutral).
GCT PE vs Technology Sector
| Metric | GCT | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 50% below |
| PE % | 91 | 43 | 48 pts above |
GCT is trading at 14x earnings, a 50% discount to the Technology sector's median of 28x.
GCT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.8 | 12% above |
| 20 week MA | $50.6 | 28% above |
| 50 week MA | $44.2 | 46% above |
| 100 week MA | $33.1 | 96% above |
| 200 week MA | $25.6 | 153% above |
GCT is in an uptrend: it's above all five of its weekly moving averages, and 153% above its 200-week average.
GCT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $48.0 | $5.53 | -88% |
| 2023 | $5.53 | $18.3 | +231% |
| 2024 | $18.3 | $17.6 | -4% |
| 2025 | $17.6 | $40.2 | +129% |
| 2026 YTD | $40.2 | $64.8 | +61% |
GCT's yearly returns have swung widely, from +231% in 2023 to −88% in 2022. It's up 61% so far in 2026.