EPAM Systems (NYSE:EPAM) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

EPAM Systems (NYSE:EPAM) announced its quarterly earnings data 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. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $2.77 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year.

EPAM Systems Stock Performance

EPAM Systems stock traded down $16.85 during mid-day trading on Thursday, reaching $93.02. 3,793,643 shares of the company’s stock were exchanged, compared to its average volume of 1,669,805. The business’s fifty day simple moving average is $91.22 and its 200 day simple moving average is $124.01. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems has a one year low of $73.06 and a one year high of $222.53. The firm 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.

Institutional Investors Weigh In On EPAM Systems

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in EPAM Systems by 56.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after buying an additional 416,324 shares during the period. Dimensional Fund Advisors LP grew its position in shares of EPAM Systems by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 849,896 shares of the information technology services provider’s stock valued at $174,130,000 after acquiring an additional 75,211 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of EPAM Systems by 849.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock worth $160,649,000 after purchasing an additional 701,500 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of EPAM Systems by 79.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock worth $97,258,000 after purchasing an additional 284,840 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of EPAM Systems by 84.1% in the 4th quarter. Millennium Management LLC now owns 618,278 shares of the information technology services provider’s stock worth $126,673,000 after purchasing an additional 282,499 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting EPAM Systems

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, exceeding the $3.14 consensus estimate, while revenue of $1.415 billion was broadly in line with expectations. EPS increased 22% year over year, and revenue rose 4.5%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Profitability improved, with GAAP operating margin rising to 10.8% from 9.3% and non-GAAP operating margin increasing to 16.4% from 15.0%. EPAM also repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Quarterly Results
• Positive Sentiment: Third-quarter EPS guidance of $3.38 to $3.46 is above the $3.33 analyst consensus. Full-year non-GAAP EPS guidance of $13.08 to $13.24 also exceeds the $12.53 consensus estimate.
• Neutral Sentiment: Needham lowered its price target to $120 from $135 but maintained a “buy” rating, implying substantial potential upside from recent levels. Morgan Stanley separately reduced its target to $100. Needham Price Target Update
• Negative Sentiment: EPAM cut its full-year revenue-growth forecast to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth. The reduction indicates slower demand for its software and digital-transformation services and overshadowed the earnings beat. EPAM Cuts Annual Revenue Forecast
• Negative Sentiment: William Blair downgraded EPAM from “outperform” to “market perform,” reinforcing investor concerns about near-term growth and demand conditions. William Blair Rating Update

Analysts Set New Price Targets

A number of equities analysts have issued reports on EPAM shares. Morgan Stanley cut their price target on EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday. Needham & Company LLC decreased their price target on shares of EPAM Systems from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. William Blair downgraded shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a research note on Tuesday. Finally, Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $110.00 in a research report on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EPAM Systems has a consensus rating of “Hold” and an average price target of $131.80.

EPAM Systems Company Profile

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.