EPAM Systems (NYSE:EPAM – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.380-3.460 for the period, compared to the consensus earnings per share estimate of 3.330. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. EPAM Systems also updated its FY 2026 guidance to 13.080-13.240 EPS.
EPAM Systems Stock Up 4.8%
Shares of EPAM Systems stock traded up $4.45 during midday trading on Friday, hitting $97.52. The company had a trading volume of 1,737,691 shares, compared to its average volume of 1,779,208. EPAM Systems has a 52-week low of $73.06 and a 52-week high of $222.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 2.75. The stock has a market capitalization of $5.09 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.88 and a beta of 1.39. The company has a 50 day moving average of $91.11 and a 200 day moving average of $123.83.
EPAM Systems (NYSE:EPAM – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business earned $2.77 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. On average, equities analysts predict that EPAM Systems will post 10.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Key EPAM Systems News
Here are the key news stories impacting EPAM Systems this week:
- Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, above the $3.14–$3.16 analyst consensus, while revenue of $1.415 billion was approximately in line with expectations and increased 4.5% year over year. Non-GAAP operating margin expanded to 16.4% from 15.0%, and EPS rose 22% from the prior year. EPAM Reports Results for Second Quarter 2026
- Positive Sentiment: Full-year adjusted EPS guidance of $13.08 to $13.24 is above the roughly $12.53 consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM additionally repurchased $85 million of stock during the quarter, bringing year-to-date repurchases to $409 million. EPAM Q2 Earnings and Revenues Surpass Estimates
- Neutral Sentiment: JPMorgan lowered its price target to $120 from $142 but retained an “overweight” rating. Susquehanna cut its target to $146 from $167 while maintaining a “positive” rating, and Needham reduced its target to $120 from $135 while keeping a “buy” rating. The revised targets still imply substantial potential appreciation from recent levels.
- Negative Sentiment: EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth, reflecting weaker demand for software services. Reuters reported that the forecast cut triggered a sharp premarket selloff and remains the main investor concern. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
- Negative Sentiment: Truist lowered its price target to $110 from $112 and assigned a “hold” rating, while William Blair downgraded EPAM from “outperform” to “market perform.” These actions reinforce caution around the company’s slower top-line growth.
Hedge Funds Weigh In On EPAM Systems
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of EPAM Systems during the 4th quarter valued at about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after acquiring an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in EPAM Systems by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after acquiring an additional 117,170 shares during the period. United Services Automobile Association bought a new stake in EPAM Systems during the 1st quarter worth approximately $229,000. Finally, Empowered Funds LLC lifted its holdings in EPAM Systems by 134.1% during the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 1,291 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
About EPAM Systems
EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.
In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.
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