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

EPAM Systems (NYSE:EPAM) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 12.600-12.900 for the period, compared to the consensus EPS estimate of 11.470. The company issued revenue guidance of $5.7 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion. EPAM Systems also updated its Q1 2026 guidance to 2.700-2.780 EPS.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EPAM. JPMorgan Chase & Co. increased their target price on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Citigroup lifted their target price on EPAM Systems from $170.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Wells Fargo & Company upped their price target on EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research lowered shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, TD Cowen restated a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $214.20.

EPAM Systems Stock Performance

EPAM Systems stock traded down $37.30 during midday trading on Thursday, reaching $130.39. 3,026,447 shares of the company’s stock were exchanged, compared to its average volume of 987,492. The stock’s 50-day simple moving average is $203.12 and its 200 day simple moving average is $178.98. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 1.94 and a beta of 1.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02. EPAM Systems has a 52 week low of $128.78 and a 52 week high of $241.04.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.10. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm posted $2.84 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. On average, analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other news, SVP Boris Shnayder sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the senior vice president owned 15,645 shares in the company, valued at approximately $3,238,515. This trade represents a 24.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by insiders.

Key EPAM Systems News

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

• Positive Sentiment: Q4 beats — EPAM reported adjusted EPS of $3.26 vs. consensus ~$3.16 and revenue of $1.408B (up 12.8% YoY), showing double‑digit growth that beat expectations. EPAM Systems Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Upbeat EPS guidance — EPAM raised FY‑2026 EPS guidance to $12.60–$12.90 (above consensus) and Q1 EPS to $2.70–$2.78, suggesting continued margin/earnings strength even as revenue guidance was roughly in line with Street expectations. EPAM Reports Results for Fourth Quarter and Full Year 2025
• Positive Sentiment: AI demand tailwind — Company commentary and analyst notes point to AI‑driven demand across key sectors, which supports secular revenue growth and helps justify the higher EPS outlook. EPAM Systems Q4 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Strategic moves — EPAM is repositioning India as a co‑innovation hub for life sciences/healthcare, a longer‑term operating positive but not an immediate catalyst. EPAM repositions India as co-innovation hub for life sciences, healthcare
• Neutral Sentiment: Take‑private chatter — Some commentaries flag EPAM as a depressed stock that could attract buyout interest; that’s speculative and not an immediate driver. Why These 5 Depressed Stocks Are Flashing Classic Take-Private Signals in 2026
• Negative Sentiment: Investor reaction and guidance concerns — Despite beats, shares fell sharply post‑release; coverage notes investors were disappointed by aspects of the guidance language and forward clarity, prompting heavy selling and a slide toward a 52‑week low. EPAM Systems Stock Sinks To 52-Week Low – Here’s Why
• Negative Sentiment: Technical pressure — Volume spiked well above average on the sell‑off and the stock has moved below key moving averages, increasing the risk of further downside until sentiment stabilizes. EPAM Systems Stock Down 21.5%

Institutional Investors Weigh In On EPAM Systems

Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $160,649,000 after acquiring an additional 701,500 shares in the last quarter. JPMorgan Chase & Co. boosted 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 buying an additional 416,324 shares during the period. Royal Bank of Canada grew its holdings in EPAM Systems by 216.1% during the 4th quarter. Royal Bank of Canada now owns 552,523 shares of the information technology services provider’s stock worth $113,201,000 after acquiring an additional 377,708 shares during the last quarter. Alyeska Investment Group L.P. increased its position in 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 valued at $97,258,000 after acquiring an additional 284,840 shares during the period. Finally, Millennium Management LLC raised its stake in shares of EPAM Systems by 84.1% during 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 during the last quarter. Institutional investors and hedge funds 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.