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

EPAM Systems (NYSE:EPAM) updated 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.

EPAM Systems Stock Performance

NYSE EPAM traded up $4.45 during trading on Friday, reaching $97.52. The company’s stock had a trading volume of 1,737,691 shares, compared to its average volume of 1,779,208. The business’s fifty day moving average price is $91.11 and its 200-day moving average price is $123.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 2.75. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.88 and a beta of 1.39. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $2.77 EPS. The company’s revenue was up 4.6% on a year-over-year basis. 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 anticipate that EPAM Systems will post 10.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research report on Tuesday. Susquehanna lowered their price target on shares of EPAM Systems from $167.00 to $146.00 and set a “positive” rating on the stock in a research report on Friday. TD Cowen cut their target price on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research note on Friday. Citigroup decreased their price objective on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Finally, Guggenheim lowered 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. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has an average rating of “Hold” and an average price target of $125.13.

More EPAM Systems News

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, above the $3.14–$3.16 analyst consensus, while revenue of $1.415 billion was approximately in line with expectations and increased 4.5% year over year. Non-GAAP operating margin expanded to 16.4% from 15.0%, and EPS rose 22% from the prior year. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Full-year adjusted EPS guidance of $13.08 to $13.24 is above the roughly $12.53 consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM additionally repurchased $85 million of stock during the quarter, bringing year-to-date repurchases to $409 million. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: JPMorgan lowered its price target to $120 from $142 but retained an “overweight” rating. Susquehanna cut its target to $146 from $167 while maintaining a “positive” rating, and Needham reduced its target to $120 from $135 while keeping a “buy” rating. The revised targets still imply substantial potential appreciation from recent levels.
• Negative Sentiment: EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth, reflecting weaker demand for software services. Reuters reported that the forecast cut triggered a sharp premarket selloff and remains the main investor concern. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Truist lowered its price target to $110 from $112 and assigned a “hold” rating, while William Blair downgraded EPAM from “outperform” to “market perform.” These actions reinforce caution around the company’s slower top-line growth.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EPAM. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of EPAM Systems by 4.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock valued at $322,000 after purchasing an additional 67 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of EPAM Systems by 2.8% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock worth $550,000 after acquiring an additional 74 shares during the period. Sunbelt Securities Inc. boosted its holdings in 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 acquiring an additional 127 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of EPAM Systems by 8.1% during the second quarter. Corient Private Wealth LLC now owns 1,823 shares of the information technology services provider’s stock worth $322,000 after buying an additional 137 shares during the period. Finally, Snowden Capital Advisors LLC raised its position in shares of EPAM Systems by 5.5% in the 2nd quarter. Snowden Capital Advisors LLC now owns 2,696 shares of the information technology services provider’s stock worth $477,000 after acquiring an additional 141 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

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.