Earnings ·
Grid Dynamics Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
GDYNGrid Dynamics Holdings, Inc.
Grid Dynamics Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenues reached $108.2 million, exceeding the high end of guidance and representing a 7.0% year-over-year increase. AI revenue accounted for 30.7% of total revenue, growing over 50% year-over-year. GAAP net income was $2.9 million ($0.03 per diluted share), while Non-GAAP net income rose to $9.0 million ($0.11 per diluted share). The company provided third quarter 2026 revenue guidance of $112.0 million to $114.0 million and full-year revenue expectations between $435.0 million and $465.0 million. Grid Dynamics operates in the technology industry, providing enterprise-level AI and digital transformation services.