Overview

* Grid Dynamics Holdings ( GDYN ) Q2 rev of $101.1 mln beats analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus

* Adjusted EBITDA narrowly misses expectations

Outlook

* Company expects Q3 2025 revenue of $103 mln to $105 mln

* Company expects Q3 non-GAAP EBITDA of $12 mln to $13 mln

* Grid Dynamics ( GDYN ) sees growth in AI and Data practice

* Co expects2025revenuesto be in the range of $415 mln to $435 mln

Result Drivers

* FINANCE GROWTH - Finance vertical doubled revenues year-over-year, driven by fintech demand and 2024 acquisitions

* AI IMPACT - AI and Data practice grew almost three times faster than overall organic business, contributing 23% of total organic revenue

* VERTICAL PERFORMANCE - Retail remained largest vertical, while TMT increased 6.7% sequentially and 8.4% year-over-year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $101.10 $100.60

Revenue mln mln (5

Analysts

)

Q2 Beat $0.1 $0.09 (5

Adjusted Analysts

EPS )

Q2 EPS $0.06

Q2 Beat $8.30 $7.87

Adjusted mln mln (4

Net Analysts

Income )

Q2 Miss $12.70 $12.80

Adjusted mln mln (5

EBITDA Analysts

)

Q2 $35.10

Adjusted mln

Gross

Profit

Q2 Gross $34.50

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for Grid Dynamics Holdings Inc ( GDYN ) is $18.00, about 46.1% above its July 30 closing price of $9.70

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)