Grid Dynamics Holdings, Inc. (GDYN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you for joining us today. We delivered a solid second quarter, consolidated revenue of $108.2 million, above the high end of our guidance range and ahead of Wall Street expectations, with non-GAAP earnings of $14.7 million, which also is beating consensus. As you may recall from my last quarter commentary, there were three areas I highlighted. First, improving revenue trends, especially with key accounts in the areas of technology and financial services. Second, our AI adoption and growth. And third, improving profitability trends. I am happy to report that on all three fronts our execution is solid and we are seeing the benefits. Growing top accounts relationships, continued AI momentum with expanded capabilities in robotic and physical AI, and solid progress toward our 300 basis point margin expansion commitments. For the second consecutive quarter, our top accounts are in technology and financial services. Technology and financial services now define our most strategic customer relationships and those precisely the sectors where AI adoption is moving fastest and where our capabilities are the most differentiated. Our top accounts continue to drive our growth. Several delivered double-digit quarter-over-quarter growth with standout performances. There are no incremental gains. They reflect expanding programs, deeper program adoption, and the compounding effect of our capabilities that keep finding the opportunity inside each client's organization. Several of these clients are now embedding our GAIN platform as core infrastructure in their own operations, not just a project tool, but as a sustained capability. This is a fundamentally different and more durable commercial relationship than what we had two years ago. AI revenue reac...