Grid Dynamics Holdings (GDYN) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.18
- Estimate
- $0.13
- Surprise
- +37.7%
- Revenue (period 2026-09-30)
- $114.3M
- Score at report (before → after)
- 5.4 → 5.5/10
Revenue source: xbrl.
How the report landed
Grid Dynamics Holdings (GDYN) beat the $0.13 estimate with adjusted EPS of $0.18 — a large 37.7% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.4/10) to Sell at 5.5/10 after the report.
Coverage in the report window
- Needham Maintains Buy on Grid Dynamics Holdings, Raises Price Target to $15 — benzinga, 2026-10-30
- Grid Dynamics Holdings Sees Q4 Sales $113.500M-$115.500M vs $113.026M Est — benzinga, 2026-10-29
- Grid Dynamics Holdings Q3 Adj. EPS $0.18 Beats $0.13 Estimate, Sales $114.294M Beat $112.774M Estimate — benzinga, 2026-10-29
Where TrendMatrix's rating stands now
TrendMatrix currently rates GDYN Sell at 5.5/10.
2 of the last 4 quarters beat the estimate; this quarter's +37.7% surprise compares with a +14.9% four-quarter average.
What supports the rating
- Positive momentum
What argues against it
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $9.49
- Stop
- $8.83
The stock trades at 316.3× trailing but 18.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 79 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 4.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
GDYN at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Information Technology Services
- Market cap
- $769.9M
- P/E (fwd)
- 18.1
- P/E (ttm)
- 316.3
- 52-week range
- $5.11–$10.21
- Off 52-week high
- 7.1%
- RSI (14)
- 79
- Volume vs avg
- 4.16×
- Score today
- 5.5/10