EPAM Systems (NYSE:EPAM) Releases FY 2026 Earnings Guidance

EPAM Systems (NYSE:EPAM) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 13.080-13.240 for the period, compared to the consensus EPS estimate of 12.530. The company issued revenue guidance of $5.6 billion-$5.7 billion, compared to the consensus revenue estimate of $5.7 billion. EPAM Systems also updated its Q3 2026 guidance to 3.380-3.460 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Truist Financial decreased their price objective on shares of EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a research report on Friday. Guggenheim reduced their target price on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. Wedbush initiated coverage on shares of EPAM Systems in a research report on Monday, June 15th. They issued a “neutral” rating and a $99.00 target price for the company. Finally, William Blair cut shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $130.27.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded up $3.07 during trading on Friday, hitting $96.14. 245,831 shares of the company were exchanged, compared to its average volume of 1,592,434. The business’s 50 day moving average is $91.22 and its 200-day moving average is $124.01. EPAM Systems has a 1-year low of $73.06 and a 1-year high of $222.53. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.02 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business earned $2.77 earnings per share. EPAM Systems’s 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. Equities analysts forecast that EPAM Systems will post 10.4 earnings per share for the current year.

More EPAM Systems News

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP earnings of $3.38 per share, above the roughly $3.14–$3.16 analyst consensus, while revenue of $1.415 billion increased approximately 4.5% year over year and matched expectations. Non-GAAP operating margin expanded to 16.4% from 15.0%, and non-GAAP EPS rose 22%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Management’s third-quarter EPS outlook of $3.38–$3.46 exceeded the $3.33 consensus, while full-year non-GAAP EPS guidance of $13.08–$13.24 was above the $12.53 analyst estimate. EPAM also repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Susquehanna maintained a positive rating but reduced its price target to $146 from $167. Needham also kept a Buy rating while lowering its target to $120 from $135. These targets imply substantial potential upside but reflect more cautious valuation assumptions.
• Negative Sentiment: EPAM cut its full-year revenue-growth forecast to 3.2%–4.2%, including just 2.0%–3.0% organic constant-currency growth. The $5.6–$5.7 billion revenue outlook is at or below the $5.7 billion consensus, signaling softer demand for software and digital transformation services. EPAM cuts annual revenue forecast on weak software services demand
• Negative Sentiment: William Blair downgraded EPAM from “outperform” to “market perform,” while Morgan Stanley lowered its price target to $100. The analyst caution, combined with the weaker revenue trajectory, is outweighing the better-than-expected quarterly profit and EPS guidance.

Institutional Investors Weigh In On EPAM Systems

Several large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its stake in EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 127 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems during the second quarter worth about $27,000. 1248 Management LLC purchased a new position in EPAM Systems in the 4th quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new stake in EPAM Systems during the second quarter valued at about $30,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in EPAM Systems in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.