Grid Dynamics Tops Revenue Guidance as AI Revenue Hits 30% Milestone — Grid Dynamics Holdings, Inc.

Event summary

Grid Dynamics reported Q2 2026 revenues of $108.2M, exceeding the high end of its guidance range.
AI revenue crossed 30% of total company revenue for the first time, growing over 50% year-over-year.
The Technology, Media and Telecom (TMT) vertical was the principal growth driver, representing 31.8% of Q2 revenues.
Non-GAAP EBITDA was $14.7M, compared to $12.7M in Q2 2025.
The company strengthened its Physical AI capabilities with the addition of Ekumen.

The big picture

Grid Dynamics' Q2 2026 results highlight the growing importance of AI in enterprise digital transformation. The company's ability to cross the 30% AI revenue milestone underscores the strategic shift towards AI-driven solutions. As AI adoption accelerates, particularly in the Technology and Financial services sectors, Grid Dynamics is positioning itself as a key player in helping clients capture real business value from AI deployments.

What we're watching

AI Adoption Pace: How the enterprise adoption of AI workloads from pilots to production will impact Grid Dynamics' growth.
Strategic Customer Relationships: Whether the company can sustain its strategic customer relationships in Technology and Financial services verticals.
Margin Expansion: The pace at which Grid Dynamics can achieve its 300 basis point margin commitment through productivity gains and cost-control execution.