GigaCloud Technology (GCT) Gross Margin (2023 - 2026)
GigaCloud Technology (GCT) posted quarterly Gross Margin of 23.88% for Q1 2026, up 44.0% year-over-year from 16.58% in Q1 2025, and up 4.43% on a QoQ basis from 22.87% in Q4 2025.
GigaCloud Technology (GCT) Gross Margin (2023 - 2026) Analysis & Trends
GigaCloud Technology (GCT) has reported Gross Margin for 4 consecutive years, with 23.88% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 44.0% year-over-year to 23.88%; the TTM figure through Mar 2026 stood at 23.43% (down 46.0% YoY), while the FY2025 annual figure was 23.31%, down 126.0% from the prior year.
- Gross Margin came in at 23.88% for Q1 2026 at GigaCloud Technology, up from 22.87% in the prior quarter.
- The five-year high for Gross Margin was 28.54% in Q4 2023, with the low at 21.97% in Q4 2024.
- Average Gross Margin over 4 years is 24.71%, with a median of 23.88% recorded in 2026.
- The largest YoY upside for Gross Margin was 336 bps in 2024 against a maximum downside of 656 bps in 2024.
- Year by year, Gross Margin stood at 28.54% in 2023, then dropped by 23 bps to 21.97% in 2024, then grew by 4 bps to 22.87% in 2025, then climbed by 4 bps to 23.88% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 23.88%, 22.87%, and 23.16% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | GigaCloud Technology | 1.21 Bn | 851.76 Mn | 85.85 Mn | 23.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.88% |
| Dec 31, 2025 | 22.87% |
| Sep 30, 2025 | 23.16% |
| Jun 30, 2025 | 23.85% |
| Mar 31, 2025 | 23.44% |
| Dec 31, 2024 | 21.97% |
| Sep 30, 2024 | 25.47% |
| Jun 30, 2024 | 24.59% |
| Mar 31, 2024 | 26.51% |
| Dec 31, 2023 | 28.54% |
| Sep 30, 2023 | 27.42% |
| Jun 30, 2023 | 26.36% |
| Mar 31, 2023 | 23.14% |