Grid Dynamics Q2 FY26 GAAP net income falls to $2.85 million; revenue rises 7% year-over-year to $108.2 million
GDYN•Q2 FY26 results
Grid Dynamics posted Q2 2026 revenue of $108.2 million, up 7% year over year and 3.9% sequentially.
- GAAP net income fell to $2.9 million, or $0.03 per share.
- GAAP gross margin widened to 36.6% from 34.1% a year earlier.
- Non-GAAP EBITDA rose to $14.7 million from $12.7 million a year earlier.
- AI revenue topped 30% of total revenue.
- Q3 2026 revenue forecast: $112 million-$114 million.
