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

EPAM Systems (NYSE:EPAM) issued an update on its FY 2026 earnings guidance on Thursday. The company provided EPS 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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Guggenheim decreased their price objective on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. TD Cowen cut their price objective on shares of EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Finally, Wedbush assumed coverage on EPAM Systems in a research report on Monday, June 15th. They issued a “neutral” rating and a $99.00 target price on the stock. Seven 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. According to data from MarketBeat, EPAM Systems currently has an average rating of “Hold” and a consensus target price of $131.80.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded down $16.85 on Thursday, hitting $93.02. The company’s stock had a trading volume of 3,793,643 shares, compared to its average volume of 1,669,805. The company has a 50-day simple moving average of $91.22 and a 200 day simple moving average of $124.01. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market capitalization of $4.86 billion, a PE ratio of 13.35, a PEG ratio of 1.04 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.24. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. Sell-side analysts forecast that EPAM Systems will post 10.4 EPS for the current fiscal year.

EPAM Systems News Summary

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

• Positive Sentiment: Second-quarter results beat earnings expectations: EPAM reported non-GAAP EPS of $3.38, above the $3.14 consensus estimate, while revenue of $1.415 billion increased 4.5% year over year and was in line with forecasts. Non-GAAP operating margin improved to 16.4% from 15.0%, and non-GAAP EPS rose 22%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Profit guidance was raised relative to expectations: EPAM’s full-year 2026 non-GAAP EPS guidance of $13.08-$13.24 is above the $12.53 analyst consensus, while third-quarter EPS guidance of $3.38-$3.46 also exceeds estimates. The company repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Needham remains constructive but lowered its price target: Needham reduced its target from $135 to $120 while maintaining a “buy” rating, indicating continued long-term confidence but less near-term valuation upside. Needham Lowers EPAM Price Target
• Negative Sentiment: Revenue outlook was cut: EPAM now expects full-year revenue growth of 3.2%-4.2%, including organic constant-currency growth of 2.0%-3.0%. The reduction signals weaker demand for software services and was the primary reason for the market’s negative reaction. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Analyst sentiment weakened: William Blair downgraded EPAM from “outperform” to “market perform,” while Morgan Stanley lowered its price target to $100, adding pressure after the guidance reduction. William Blair Downgrade

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EPAM. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of EPAM Systems by 4.5% in the fourth 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 buying an additional 67 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its position 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 buying an additional 74 shares during the period. Sunbelt Securities Inc. grew its position 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 in the last quarter. Corient Private Wealth LLC grew its holdings in EPAM Systems by 8.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,823 shares of the information technology services provider’s stock valued at $322,000 after purchasing an additional 137 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its position in shares of EPAM Systems by 5.5% during the second 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 during the last quarter. Institutional investors own 91.58% of the company’s stock.

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.