Grid Dynamics Holdings, Inc. provides enterprise AI transformation, technology consulting, platform and product engineering, advanced analytics, cloud, data engineering, application modernization, and digital engagement services for large enterprises.
Company news centers on quarterly results, AI revenue and partner-influenced revenue, work with hyperscale cloud providers, and client deployments across technology, media and telecom, retail, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Updates also cover solutions such as the Merchandising Experience Platform and NVIDIA-based AI applications, as well as strategic collaborations with cloud and AI technology partners.
Grid Dynamics (GDYN) reported third-quarter 2026 revenue of $114.3 million, exceeding the high end of its July guidance range. Revenue rose 9.7% year over year and 5.7% sequentially. AI revenue represented 31% of total revenue after growing over 45% year over year for three consecutive quarters.
GAAP net income increased to $6.2 million, or $0.08 per diluted share, from $1.2 million, or $0.01, a year earlier. GAAP gross margin reached 40.3%, versus 33.3%. Adjusted earnings before interest, taxes, depreciation and amortization (non-GAAP EBITDA) rose to $22.9 million from $12.7 million.
Cash totaled $304.3 million, down from $342.1 million at year-end 2025. Nine-month net income fell despite revenue growth. Grid Dynamics expects fourth-quarter revenue of $113.5 million to $115.5 million and non-GAAP EBITDA of $20.0 million to $22.0 million.
Grid Dynamics (GDYN) launched a Business Process Consulting practice to extend its enterprise AI services beyond technology implementation. The practice covers opportunity assessment, investment justification, process redesign and organizational adoption, alongside the company's AI engineering teams. Grid Dynamics says the offering is intended to connect AI implementation with measurable business results. Its ARC (Assess, Reengineer, Capture) methodology combines process analysis with change management. The practice draws on partnerships with QPR for process intelligence and Prosci for change management, and uses AI-powered employee guidance and dashboards to track adoption.
Grid Dynamics (GDYN) received Sysco’s Partner of the Year award for its work bringing AI into Sysco’s technology and business operations.
The partnership began in 2024, with Grid Dynamics teams working alongside Sysco on product search and discovery, digital commerce, and AI-first software development. The recognition covers those contributions and engineering delivery. Grid Dynamics uses its GAIN platforms in its software development work for Sysco. The companies plan to extend the partnership in the years ahead, bringing AI further into Sysco’s technology and business operations.
Grid Dynamics (Nasdaq: GDYN) will discuss its third quarter 2026 financial results on a video conference call on October 29, 2026.
The call starts at 4:30 p.m. ET. Results will be posted on the company’s website before the call. A webcast and replay will be available through its Investor Relations section.
Grid Dynamics (GDYN) will co-host the invite-only Physical AI Summit with NVIDIA, EAIGG and BGV on September 24, 2026.
The forum will take place at the Wells Fargo Innovation Center in Menlo Park, California. Grid Dynamics’ Americas technology chief, Ilya Katsov, will lead a session on deploying Physical AI beyond proof of concept. Its GAIN Platform for Physical AI supports digital twin simulation and robotic manipulation for manufacturing.
Grid Dynamics (Nasdaq: GDYN) has appointed industry veteran Nikita Ivanov as Vice President, Head of AI, to lead the strategic direction of its AI portfolio and GAIN platforms. He is tasked with helping Fortune 1000 clients shift to AI-native software delivery and convert AI pilots into production value.
Ivanov previously founded and led distributed computing company GridGain, created Apache NLPCraft and Humatron AI, and served as Field CTO for GenAI at DataStax. According to Grid Dynamics, its open-source AI-SDLC tools Allium, Rosetta, and SpecFlow support this strategy, and AI now contributes more than 30% of total revenue.
Grid Dynamics (Nasdaq: GDYN) announced it has received the MACH Alliance's 2026 Agent Ready Award, joining an inaugural cohort of 35 companies. The advanced certification recognizes members that have moved agentic AI from pilots and demos to production at scale with enterprise-grade guardrails.
According to Grid Dynamics, its qualification was based on production agentic AI programs for a global food and beverage company and a global payments company, built on its Grid Dynamics AI Native (GAIN) platforms and delivered via its Forward Deployed Engineer model.
Grid Dynamics (Nasdaq: GDYN) reported second quarter 2026 revenues of $108.2 million, up 7.0% year-over-year and slightly above its prior guidance range. AI revenues reached a record 30.7% of total revenue, with AI revenue growing over 50% year-over-year for the second consecutive quarter, according to the company.
GAAP gross profit was $39.6 million (36.6% margin) and non-GAAP gross profit was $40.0 million (36.9% margin), both higher than a year earlier. GAAP net income was $2.9 million or $0.03 per diluted share, down from $5.3 million, while non-GAAP net income was $9.0 million or $0.11 per diluted share, up from $8.3 million. Non-GAAP EBITDA increased to $14.7 million from $12.7 million. The TMT vertical grew 36.4% year-over-year and represented 31.8% of revenue.
For Q3 2026, the company expects revenue of $112.0–$114.0 million and non-GAAP EBITDA of $16.5–$17.5 million. Full-year 2026 revenue is projected between $435.0 million and $465.0 million.
Grid Dynamics (Nasdaq: GDYN) announced accelerated adoption of its enterprise agentic AI solutions and GAIN (Grid Dynamics AI Native) platforms across retail, financial services, manufacturing, CPG, and logistics customers. According to Grid Dynamics, it plans to have 90% of its engineers trained and certified on Anthropic and OpenAI platforms by the end of October 2026.
The company has expanded its agentic harness technology to support 500+ additional engineers at one of North America's largest home improvement retailers, reflecting broader production-scale rollouts as clients standardize on AI-powered software development and delivery frameworks.
Grid Dynamics (Nasdaq: GDYN) announced a strategic partnership with Doosan Robotics, a global provider of collaborative robots operating in 45 countries. The collaboration focuses on delivering a turnkey physical AI software stack and integration services for industrial cobot users in manufacturing and logistics.
According to Grid Dynamics, Doosan cobot users will gain access to the GAIN Platform for Physical AI, which supports rapid creation of advanced robotic manipulation workflows, deployment of state-of-the-art physical AI models, and use of digital twins to optimize and monitor robotic lines. The combined offering targets complex automation use cases such as processing and inspection of complex-geometry objects, assembly with variability, and packaging of unseen and deformable items, which are described as difficult for traditional robotics software. The partnership also aims to accelerate joint go-to-market efforts for an integrated hardware and software stack and expand R&D around robotics policy control.