Grid Dynamics Holdings (GDYN)
NASDAQ:GDYN
Want to see GDYN full AI Analyst Report?
Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presents a positive strategic narrative: management reported a revenue beat, very strong AI adoption (AI revenue +~60% YoY to 29.3% of total), meaningful platform and partner momentum, and maintained full-year guidance. However, near-term profitability and gross margin have been pressured by FX and higher operating costs, GAAP results showed a small loss, and there is execution and timing risk as the company shifts from T&M to fixed-price/platform monetization. On balance the business appears to be transitioning toward higher-margin, platform-driven growth with strong pipeline and partner traction but with short-term margin headwinds to manage.Company Guidance
Revenue Beat and Top-Line Growth
Q1 revenue of $104.1M, above the guidance range of $103M–$104M; revenue grew 3.7% year-over-year.
Rapid AI Revenue Adoption
AI revenue reached 29.3% of total company revenue in Q1 and grew nearly 60% year-over-year, becoming the core of the business.
Vertical Mix Shift and Large-Account Wins
Top 5 accounts are now entirely outside retail; revenue from top 5 and top 10 customers rose to 40.8% and 59.7% of revenue, respectively (from 35.6% and 56.6% a year ago), reflecting meaningful diversification into technology and financial services.
Strong TMT Performance
TMT became the largest vertical at 29.5% of revenues and grew 30.3% year-over-year, driven by large technology customers and new logos.
Partnerships and Marketplace Traction
Partner-influenced revenue reached 19.1% of total in Q1 with plans to deploy GAIN platforms on hyperscaler marketplaces (Google Cloud, AWS, Azure); company targets 25%–30% partner-influenced revenue longer term.
Productized GAIN Platforms and Client Outcomes
GAIN platforms (Agentic Commerce, SDLC, Risk & Compliance, Physical AI) moved from framework to productized offerings with measurable client outcomes: examples include >95% reduction in data discovery/reporting cycle times, ~70% infrastructure cost reduction and ~40% improvement in response time for an inventory platform, and 50% reduction in testing or preparation time in multiple client engagements.
Operational Productivity Gains from AI
Internal and client productivity improvements: recruitment processing 2x faster, RFP responses up 50% without headcount growth, HR initiatives expected >20% operational improvement; client examples include 15% productivity improvement for a fintech and 3x–6x productivity in test coverage for a wealth client.
Profitability Guidance and Cash Position
Non-GAAP EBITDA of $12.5M (12% of revenue) in Q1 (midpoint of guidance); Q2 non-GAAP EBITDA guidance $14M–$15M; full-year revenue outlook maintained at $435M–$465M. Cash & cash equivalents $327.5M at March 31, 2026.
Physical AI Commercial Win
Closed first commercial physical AI engagement in Q1 with a heavy equipment manufacturer (intelligent autonomous capabilities for mining equipment), expanding addressable market into physical AI and robotics.
Share Repurchase Activity
Repurchased ~2.0M shares for $13.5M under a $50M share repurchase program, signaling management confidence in long-term value.
GDYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GDYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $5.69 | $5.81 | +2.11% |
Mar 05, 2026 | $7.15 | $6.64 | -7.06% |
Oct 30, 2025 | $7.60 | $9.34 | +22.89% |
Jul 31, 2025 | $9.49 | $7.93 | -16.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grid Dynamics Holdings (GDYN) report earnings?
Grid Dynamics Holdings (GDYN) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Grid Dynamics Holdings (GDYN) earnings time?
Grid Dynamics Holdings (GDYN) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDYN EPS forecast?
GDYN EPS forecast for the fiscal quarter 2026 (Q2) is 0.11.