EPAM Systems (NYSE:EPAM) Issues Quarterly Earnings Results

Posted by George Bondi on Aug 6th, 2026

EPAM Systems (NYSE:EPAM – Get Free Report) announced its quarterly earnings results on Wednesday. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.24, FiscalAI reports. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.EPAM Systems’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.77 earnings per share.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded down $16.85 during midday trading on Thursday, hitting $93.02. The stock had a trading volume of 3,793,643 shares, compared to its average volume of 1,669,805. The company has a market capitalization of $4.86 billion, a PE ratio of 13.35, a P/E/G ratio of 1.04 and a beta of 1.39. The stock has a 50 day moving average price of $91.22 and a two-hundred day moving average price of $124.01. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

Key Headlines Impacting EPAM Systems

Here are the key news stories impacting EPAM Systems this week:

Positive Sentiment: Second-quarter results beat earnings expectations: EPAM reported non-GAAP EPS of $3.38, above the $3.14 consensus estimate, while revenue of $1.415 billion increased 4.5% year over year and was in line with forecasts. Non-GAAP operating margin improved to 16.4% from 15.0%, and non-GAAP EPS rose 22%. EPAM Reports Results for Second Quarter 2026
Positive Sentiment: Profit guidance was raised relative to expectations: EPAM’s full-year 2026 non-GAAP EPS guidance of $13.08-$13.24 is above the $12.53 analyst consensus, while third-quarter EPS guidance of $3.38-$3.46 also exceeds estimates. The company repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Q2 Earnings and Revenues Surpass Estimates
Neutral Sentiment: Needham remains constructive but lowered its price target: Needham reduced its target from $135 to $120 while maintaining a “buy” rating, indicating continued long-term confidence but less near-term valuation upside. Needham Lowers EPAM Price Target
Negative Sentiment: Revenue outlook was cut: EPAM now expects full-year revenue growth of 3.2%-4.2%, including organic constant-currency growth of 2.0%-3.0%. The reduction signals weaker demand for software services and was the primary reason for the market’s negative reaction. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
Negative Sentiment: Analyst sentiment weakened: William Blair downgraded EPAM from “outperform” to “market perform,” while Morgan Stanley lowered its price target to $100, adding pressure after the guidance reduction. William Blair Downgrade

Institutional Trading of EPAM Systems

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in EPAM Systems by 849.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock valued at $160,649,000 after purchasing an additional 701,500 shares during the period. JPMorgan Chase & Co. lifted its position in EPAM Systems by 56.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after acquiring an additional 416,324 shares in the last quarter. Royal Bank of Canada lifted its position in shares of EPAM Systems by 216.1% during the fourth quarter. Royal Bank of Canada now owns 552,523 shares of the information technology services provider’s stock worth $113,201,000 after purchasing an additional 377,708 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of EPAM Systems by 79.1% during the third quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock valued at $97,258,000 after acquiring an additional 284,840 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in EPAM Systems by 84.1% in the fourth quarter. Millennium Management LLC now owns 618,278 shares of the information technology services provider’s stock valued at $126,673,000 after acquiring an additional 282,499 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on EPAM shares. William Blair lowered shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday. Citigroup lowered their price objective on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Morgan Stanley reduced their price target on shares of EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research note on Tuesday. Finally, Wells Fargo & Company lowered their price target on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $131.80.

Read Our Latest Stock Analysis on EPAM

About EPAM Systems

(Get Free Report)

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.