Grid Dynamics (GDYN) beats Q2 2026 estimates as AI revenue hits 30% of sales
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Grid Dynamics' AI engine crossed a major inflection point with AI-related revenue hitting 30% of total sales and growing over 50% year-over-year as enterprise customers move workloads from pilots to production. The company beat EPS by 4% and revenue by 1.5%, with the Technology, Media and Telecom vertical surging 36% year-over-year.
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Grid Dynamics reported Q2 2026 revenue of $108.2 million, edging past the $106.6 million consensus estimate by about 1.5%. Earnings per share came in at $0.11, beating the $0.1057 estimate by roughly 4%. The results continue a steady revenue climb that began when quarterly sales crossed the $100 million threshold in Q4 2024 and have held above that level since.
The headline story inside the numbers is the AI business. AI-related revenue reached 30% of total sales in the quarter and grew more than 50% year-over-year, a signal that enterprise clients are moving beyond limited pilots and committing workloads to full production deployments. The Technology, Media and Telecom vertical was another bright spot, surging 36% year-over-year and pointing to concentrated demand from some of Grid Dynamics' largest customer segments.
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Investors tracking the stock got an early read from price reaction data that showed shares climbing from roughly $6.69 to $7.47 in the period immediately surrounding the filing, suggesting the market received the results positively. The combination of beats on both top and bottom lines, alongside accelerating AI revenue share, gives investors two distinct threads to watch heading into the back half of 2026: whether AI can continue its growth pace and whether the TMT vertical can sustain its momentum.
Mentioned: GDYN