IT Services & Consulting Stocks Q4 In Review: Grid Dynamics (NASDAQ:GDYN) Vs Peers

As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the it services & consulting industry, including Grid Dynamics (NASDAQ:GDYN) and its peers.

IT Services & Consulting companies stand to benefit from increasing enterprise demand for digital transformation, AI-driven automation, and cybersecurity resilience. Many enterprises can't attack these topics alone and need IT services and consulting on everything from technical advice to implementation. Challenges in meeting these needs will include finding talent in specialized and evolving IT fields. While AI and automation can enhance productivity, they also threaten to commoditize certain consulting functions. Another ongoing challenge will be pricing pressures from offshore IT service providers, which have lower labor costs and increasingly equal access to advanced technology like AI.

The 8 it services & consulting stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 0.6% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 18.5% since the latest earnings results.

Grid Dynamics (NASDAQ:GDYN)

With engineering centers across the Americas, Europe, and India serving Fortune 1000 companies, Grid Dynamics (NASDAQ:GDYN) provides technology consulting, engineering, and analytics services to help large enterprises modernize their technology systems and business processes.

Grid Dynamics reported revenues of $106.2 million, up 5.9% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with revenue guidance for next quarter missing analysts’ expectations.

Grid Dynamics achieved the highest full-year guidance raise of the whole group. Still, the market seems discontent with the results. The stock is down 23.7% since reporting and currently trades at $5.95.

Is now the time to buy Grid Dynamics? Access our full analysis of the earnings results here, it’s free.

Best Q4: Gartner (NYSE:IT)

With over 2,500 research experts guiding organizations through complex technology landscapes, Gartner (NYSE:IT) provides research, advisory services, and conferences that help executives make better decisions about technology and other business priorities.

Gartner reported revenues of $1.75 billion, up 2.2% year on year, in line with analysts’ expectations. The business had a very strong quarter with a beat of analysts’ EPS estimates and revenue in line with analysts’ estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 23.7% since reporting. It currently trades at $154.33.

Is now the time to buy Gartner? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Kyndryl (NYSE:KD)

Born from IBM's managed infrastructure services business in a 2021 spinoff, Kyndryl (NYSE:KD) is the world's largest IT infrastructure services provider that designs, builds, and manages technology environments for enterprise customers.

Kyndryl reported revenues of $3.86 billion, up 3.1% year on year, falling short of analysts’ expectations by 1%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS and revenue estimates.

Kyndryl delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 38.7% since the results and currently trades at $14.50.

Read our full analysis of Kyndryl’s results here.

IBM (NYSE:IBM)

With a corporate history spanning over a century and once known for its iconic mainframe computers, IBM (NYSE:IBM) provides hybrid cloud computing platforms, AI solutions, consulting services, and enterprise infrastructure to help businesses modernize their operations.

IBM reported revenues of $19.69 billion, up 12.1% year on year. This number surpassed analysts’ expectations by 2.5%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

IBM scored the biggest analyst estimates beat among its peers. The stock is down 13.2% since reporting and currently trades at $255.38.

Read our full, actionable report on IBM here, it’s free.

ASGN (NYSE:ASGN)

Evolving from its roots in IT staffing to become a high-end technology consulting powerhouse, ASGN (NYSE:ASGN) provides specialized IT consulting services and staffing solutions to Fortune 1000 companies and U.S. federal government agencies.

ASGN reported revenues of $980.1 million, flat year on year. This result beat analysts’ expectations by 0.6%. More broadly, it was a mixed quarter as it also produced a decent beat of analysts’ EPS guidance for next quarter estimates but a significant miss of analysts’ EPS estimates.

The stock is down 25.9% since reporting and currently trades at $39.46.

Read our full, actionable report on ASGN here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.