EPAM Systems (NYSE:EPAM) Issues Q2 2026 Earnings Guidance

EPAM Systems (NYSE:EPAM) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.100-3.180 for the period, compared to the consensus EPS estimate of 2.970. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Analyst Upgrades and Downgrades

Several brokerages have commented on EPAM. Morgan Stanley set a $112.00 price target on EPAM Systems in a research report on Friday. Needham & Company LLC lowered their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Research lowered shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Wells Fargo & Company cut their target price on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $215.00 to $110.00 in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.86.

EPAM Systems Price Performance

EPAM traded down $4.04 during midday trading on Friday, reaching $100.20. 1,623,177 shares of the company’s stock were exchanged, compared to its average volume of 1,280,483. The business has a 50-day simple moving average of $131.21 and a two-hundred day simple moving average of $168.98. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.04 and a beta of 1.45. EPAM Systems has a one year low of $98.76 and a one year high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 13.57% and a net margin of 6.92%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.41 earnings per share. EPAM Systems has set its Q2 2026 guidance at 3.100-3.180 EPS. As a group, research analysts predict that EPAM Systems will post 9.94 EPS for the current year.

More EPAM Systems News

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

• Positive Sentiment: EPAM beat Q1 earnings expectations, posting non-GAAP EPS of $2.86 versus $2.75 expected, with revenue of $1.40 billion slightly above estimates and up 7.6% year over year. EPAM Reports Results for First Quarter 2026
• Positive Sentiment: The company raised its annual profit forecast and guided Q2 EPS above consensus, signaling that demand for IT services remains healthy and helping support the investment case. Reuters article on EPAM annual profit forecast
• Positive Sentiment: EPAM also announced an applied AI partnership with Anthropic, which could strengthen its long-term growth story and improve sentiment around its technology services platform. Seeking Alpha article on applied AI partnership
• Neutral Sentiment: Several market recaps highlighted that revenue and EPS were in line with or above estimates, but the stock reaction suggests investors are weighing the stronger quarter against softer growth expectations. EPAM posts Q1 sales in line with estimates
• Negative Sentiment: Wells Fargo and Needham both cut their price targets on EPAM, and Guggenheim also lowered its target earlier this week, pointing to more caution around near-term upside even though ratings stayed positive. Benzinga analyst price target update
• Negative Sentiment: Management trimmed the 2026 growth outlook, which appears to be the main concern for investors and is likely contributing to the stock’s weakness despite the earnings beat. MSN article on trimmed growth outlook

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently modified their holdings of EPAM. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems in the second quarter worth about $27,000. Sunbelt Securities Inc. raised its position in shares of EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares during the period. MUFG Securities EMEA plc bought a new position in EPAM Systems in the second quarter valued at approximately $30,000. 1248 Management LLC acquired a new position in EPAM Systems in the 4th quarter worth $32,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of EPAM Systems during the fourth quarter worth about $35,000. 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.