Grid Dynamics Reports Record Q3 2026 Revenue Driven by AI Demand
Grid Dynamics Holdings, Inc. (GDYN) reported strong third-quarter results for 2026, with revenue reaching $114.3 million and exceeding management guidance. The growth was primarily fueled by a surge in AI-related contributions, which now account for 31% of total revenue and have grown at a 45% year-over-year rate. This momentum is supported by significant demand within the Technology, Media, and Telecom (TMT) vertical. The company achieved a record Non-GAAP EBITDA margin of 20%, surpassing expansion goals ahead of schedule through cost improvements and AI-driven productivity. Notably, Grid Dynamics demonstrated a structural shift in its business model where revenue per employee exceeded $100,000 for the first time, signaling that growth is increasingly decoupled from headcount as the firm moves toward platform-based engagements.
Tickers: $GDYN
Topics: AI revenue EBITDA margin financial guidance revenue growth TMT vertical