secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2026-07-30T20:08:16+00:00
Accession:  0001743725-26-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q2 revenue $108.2M, above guidance; AI revenue hits record 30.7% of total
--------------------------------------------------------------------------------

- Revenue $108.2M, above guidance $106-108M; up 7% YoY and 3.9% sequentially.
- GAAP net income $2.9M ($0.03 diluted EPS) vs $5.3M ($0.06) YoY; non-GAAP net income $9.0M ($0.11) vs $8.3M ($0.10).
- AI revenue exceeded 30% of total for first time, growing >50% YoY for second consecutive quarter.
- TMT vertical revenue up 36.4% YoY, representing 31.8% of total; Retail 26.5%, Finance 22.9%.
- Non-GAAP EBITDA $14.7M vs $12.7M YoY; gross margin improved to 36.6% GAAP (36.9% non-GAAP) from 34.1% (34.7%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000174372526000019/0001743725-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000174372526000019/gdyn-20260730.htm
  HTML page:      https://secwatch.observer/filing/0001743725-26-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer