Overview * Grid Dynamics Holdings 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 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 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
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