Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) reported second-quarter revenue of $108.2 million, marking a 7% increase year-over-year and exceeding previous guidance. Notably, AI-related revenue accounted for 30.7% of total revenue, growing over 50% year-over-year for the second consecutive quarter.
The company’s GAIN platforms are seeing broader enterprise adoption as organizations are transitioning AI workloads from pilot programs to production, focusing on areas such as agentic commerce and AI-driven software development. Current revenue growth forecasts suggest a modest increase of 6.27% to $437.65 million for this fiscal year, with estimates for the next year projected to rise 7.6% to $470.91 million.
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