Earnings Releases·Oct 29, 2026, 4:11 PM ET

Grid Dynamics — Third Quarter 2026 Earnings Summary

Total revenue reached $114.3 million, up 9.7% year-over-year and 5.7% sequentially, driven by 29.3% YoY growth in the Technology, Media and Telecom sector and AI revenue constituting 31% of total sales.
Profitability metrics expanded significantly with GAAP net income rising to $6.2 million ($0.08/share) from $1.2 million ($0.01/share) in Q3 2025, while Non-GAAP EBITDA margins reached 20.0%, exceeding the 300 basis point commitment ahead of schedule.
Management provided Q4 2026 guidance projecting revenue between $113.5 million and $115.5 million and Non-GAAP EBITDA between $20.0 million and $22.0 million, citing confidence in a positive 2027 outlook.
Capital allocation included $6.7 million in share repurchases during the quarter (totaling $35.5 million for the first nine months), while headcount decreased to 4,559 from 4,971 in the prior year period.