Earnings ·
Grid Dynamics reports Q3 revenue of $114.3 million and non-GAAP EPS of $0.18
GDYNGrid Dynamics Holdings, Inc.
Grid Dynamics Holdings reported third-quarter 2026 revenues of $114.3 million, exceeding the high end of guidance and rising 9.7% year-over-year. GAAP net income was $6.2 million, or $0.08 per diluted share, compared to $1.2 million in the prior-year period. Non-GAAP net income reached $14.7 million, or $0.18 per diluted share, driven by a 40% gross margin and 20% EBITDA margin. AI revenue accounted for 31% of total sales, growing over 45% year-over-year. The company spent $6.7 million to repurchase 0.9 million shares in the quarter under its existing program. Grid Dynamics is a premier AI transformation partner that helps clients build and deploy enterprise-scale artificial intelligence systems.