EPAM Systems (NYSE:EPAM) Releases Q3 2026 Earnings Guidance

EPAM Systems (NYSE:EPAM) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.380-3.460 for the period, compared to the consensus estimate of 3.330. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. EPAM Systems also updated its FY 2026 guidance to 13.080-13.240 EPS.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $3.07 during midday trading on Friday, hitting $96.14. 245,831 shares of the company’s stock were exchanged, compared to its average volume of 1,592,434. 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’s 50 day moving average price is $91.22 and its 200 day moving average price is $124.01. EPAM Systems has a 12 month low of $73.06 and a 12 month high of $222.53. The firm has a market capitalization of $5.02 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.22. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. EPAM Systems’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.77 EPS. 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. As a group, analysts predict that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EPAM. Wedbush assumed coverage on EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective for the company. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. TD Cowen reiterated a “buy” rating on shares of EPAM Systems in a research note on Friday. Morgan Stanley lowered their target price on EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $130.27.

Trending Headlines about EPAM Systems

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.

Hedge Funds Weigh In On EPAM Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new position in shares of EPAM Systems during the second quarter worth $27,000. 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 valued at $27,000 after buying an additional 127 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of EPAM Systems in the second quarter worth approximately $30,000. 1248 Management LLC bought a new stake in shares of EPAM Systems in the 4th quarter valued at $32,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in EPAM Systems during the 4th quarter worth about $35,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.