EPAM Systems (NYSE:EPAM) Issues Quarterly Earnings Results, Beats Expectations 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 for the quarter, topping the consensus estimate of $3.14 by $0.24, FiscalAI reports. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.77 EPS.

EPAM Systems Trading Down 15.3%

EPAM stock traded down $16.85 during trading on Thursday, hitting $93.02. 3,793,643 shares of the company traded hands, compared to its average volume of 1,669,805. 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. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The company has a 50-day moving average of $91.22 and a 200-day moving average of $124.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67.

Hedge Funds Weigh In On EPAM Systems

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its stake in shares of EPAM Systems by 4,233.3% in the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after buying an additional 127 shares during the period. Compound Planning Inc. purchased a new stake in EPAM Systems during the 4th quarter valued at $250,000. Rare Wolf Capital LLC bought a new stake in EPAM Systems in the 4th quarter worth $209,000. Corient Private Wealth LLC increased its position in shares of EPAM Systems by 5,140.2% in the fourth quarter. Corient Private Wealth LLC now owns 171,931 shares of the information technology services provider’s stock valued at $35,225,000 after acquiring an additional 168,650 shares during the period. Finally, Alberta Investment Management Corp purchased a new position in shares of EPAM Systems in the fourth quarter valued at about $1,741,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on EPAM shares. Susquehanna reduced their target price on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a report on Monday, May 4th. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $110.00 in a research note on Friday, May 29th. TD Cowen decreased their target price on shares of EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Guggenheim cut their price target 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. Finally, Needham & Company LLC decreased their price target on shares of EPAM Systems from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $131.80.

EPAM Systems News Summary

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

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.