Grid Dynamics Reports Record Third Quarter 2026 Financial Results
Business Wire•29/10/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $114.3 million, above the high end of guidance
- ➤AI revenue reached 31% of total revenue, growing over 45% year-over-year
- ➤Non-GAAP EBITDA $22.9 million, or 20.0% of revenue
- ➤GAAP net income $6.2 million, versus $1.2 million year-over-year
- ➤Q4 revenue outlook set at $113.5 million-$115.5 million
Expert Statements
Leonard Livschitz, Chief Executive Officer of Grid Dynamics
“Q3 2026 was a pivotal quarter for Grid Dynamics, delivering record revenue, record EBITDA, and AI-native programs in production at some of the world’s largest enterprises. AI revenue has grown over 45% year-over-year for three consecutive quarters and is now 31% of total revenue. We delivered a 40% gross margin and a 20% EBITDA margin, exceeding our 300 basis point margin commitment a quarter sooner than planned. This is a reflection of substantial enhancements to our business model, not a one-time event. We are growing faster, more profitably, and precisely where enterprise AI spend is accelerating. We enter the fourth quarter with confidence and a positive backdrop for 2027, backed by the momentum and structural foundation to sustain it in the years ahead,”
Grid Dynamics Reports Record Third Quarter 2026 Financial Results
Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics” or the “Company”), a leader in enterprise-level AI and digital transformation, today announced results for the quarter ended September 30, 2026.
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