GigaCloud Technology Inc (GCT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to GigaCloud Technologies' second quarter 2025 earnings conference call. Joining us today from GigaCloud are the company's founder, Chief Executive Officer and Chairman Larry Wu, its President Iman Shrock, and its Chief Financial Officer Erica Wei. Larry will begin with some opening remarks, Iman will discuss the company's operational progress, and Erica will review financial results. After that, we will open the call to questions. As a reminder, this conference call contains statements about future events and expectations that afford looking in nature, and actual results may differ materially. Additionally, today's call will include the discussion of non-GAAP measures within the meaning of SEC Regulation G. When required, a reconciliation of all non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP can be found in the press release issued today by GigaCloud, as well as on the company's website. I would now like to turn the call over to Larry. Please go ahead, sir. Thank you, Operator, and welcome everyone to our call today. Let me start by saying what eventful quarter we had between supply chain disruption from terrorist hikes, a challenging industry backdrop, and the continued execution of our SKU rationalization initiatives. We had a few curveballs. Yet despite it all, we delivered strong results. Revenue increased by 4% year over year, exceeding our own expectations. And more importantly, we drove a greater share of that growth into bottom line performance, which grew 28% year over year. A few highlights on the key events of this quarter before we dive into details. We started this quarter facing heightened tariffs on our key sourcing countries, including Vietnam, China, and Malaysi...