GRID DYNAMICS HOLDINGS, INC. (GDYN) Form 8-K — Oct 29, 2026
Grid Dynamics (GDYN) reported record Q3 2026 revenue of $114.3 million, up 9.7% year-over-year and above the high end of its $112.0-$114.0 million guidance range. AI revenue reached 31% of total revenue, growing over 45% year-over-year for a third consecutive quarter, while non-GAAP EBITDA more than doubled to $22.9 million (20.0% margin) and non-GAAP EPS rose to $0.18 from $0.09. The company guided Q4 revenue to $113.5-$115.5 million and spent $35.5 million on buybacks year-to-date under its $50 million program. Management called the margin expansion a structural business-model improvement, entering 2027 with a positive backdrop.
Key figures
- Eps
- 0.08
- Revenue
- 114300000
- Guidance
- Q4 2026 revenues of $113.5-$115.5 million; non-GAAP EBITDA of $20.0-$22.0 million; basic share count 81-82 million, diluted 82-83 million
- Revenue Yoy
- 9.7%
- Cash Position
- 304300000
- Headcount
- 4559
- Q3 buyback
- $6.7 million / 0.9 million shares
- Ytd buyback
- $35.5 million / 5.3 million shares
- Non gaap eps
- 0.18
- Total assets
- 602343000
- Ebitda margin
- 20.0%
- Non gaap ebitda
- 22900000
- Ai revenue share
- 31%
- Gaap gross margin
- 40.3%
- Non gaap net income
- 14700000
- Operating cash flow 9mo
- 30500000
AI analysis
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