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Grid Dynamics/$GDYN

Grid Dynamics shares surge after record Q3 results beat estimates, AI revenue grew strongly and Q4 revenue and EBITDA guidance topped consensus.
14 hours agoLightyear AI
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About Grid Dynamics

Grid Dynamics Holdings Inc is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.
Ticker
$GDYN
Sector
Business services
Primary listing
NASDAQ
Employees
4,838

Grid Dynamics Metrics

BasicAdvanced
$1.1B
149.79
$0.09
0.96
-

What the Analysts think about Grid Dynamics

Analyst ratings (Buy, Hold, Sell) for Grid Dynamics stock.
Analyst projections of the future price of Grid Dynamics stock.

Bulls say / Bears say

AI revenue grew 45% year on year for a third consecutive quarter and reached 31% of sales, as clients moved from exploratory work to multi-quarter production programmes. That gives Grid Dynamics a growing foothold in enterprise AI spending. (SEC)
Profitability improved sharply: Q3 non-GAAP gross margin rose to 40.6% from 33.8% a year earlier, while EBITDA margin increased to 20.0% from 12.2%. This suggests the company is converting higher utilisation and delivery efficiencies into stronger earnings. (SEC)
Growth is broadening beyond AI: Q3 TMT revenue rose 29.3% year on year and retail revenue rose 13.3%. Total revenue of $114.3 million also came in above the top of management’s guidance range. (SEC)
AI revenue growth eased to 45% year on year in Q3 from 54.6% in Q2. AI remains a strong growth engine, but a continued slowdown could weaken the main driver of the investment case. (SEC, SEC)
Revenue is increasingly reliant on a small group of clients: the top 10 accounted for 63.3% of Q3 revenue, up from 58.3% a year earlier. A spending pause or lost programme at a major account could therefore have a material effect. (The Motley Fool)
Q4 revenue guidance of $113.5 million to $115.5 million implies little change from Q3, while the $20 million to $22 million EBITDA outlook is below Q3’s $22.9 million. This leaves near-term growth and margin momentum less certain. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

Grid Dynamics Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Grid Dynamics Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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