Recent Updates — GDYN

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.

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.