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

EPAM Systems (NYSE:EPAM) issued an update on its second quarter 2026 earnings guidance on Thursday morning. 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.

EPAM Systems Trading Down 4.7%

EPAM stock traded down $4.89 on Friday, reaching $99.35. The company’s stock had a trading volume of 2,435,713 shares, compared to its average volume of 1,519,407. The business has a fifty day simple moving average of $131.21 and a two-hundred day simple moving average of $168.98. EPAM Systems has a 12-month low of $98.76 and a 12-month high of $222.53. The firm has a market cap of $5.21 billion, a PE ratio of 14.25, a PEG ratio of 1.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.67.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The company 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 14.71% and a net margin of 6.96%.The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm 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 forecast that EPAM Systems will post 9.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EPAM shares. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Mizuho increased their price objective on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Zacks Research downgraded EPAM Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a report on Friday. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, EPAM Systems currently has an average rating of “Hold” and an average price target of $160.08.

Key EPAM Systems News

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

• Positive Sentiment: EPAM beat Q1 estimates, reporting $2.86 in non-GAAP EPS versus $2.75 expected and revenue of $1.40 billion versus $1.39 billion expected, with sales up 7.6% year over year. EPAM Reports Results for First Quarter 2026
• Positive Sentiment: The company raised its profit outlook for the year, now expecting non-GAAP diluted EPS of $12.98 to $13.28 and GAAP EPS of $8.29 to $8.59. Reuters coverage of EPAM profit forecast increase
• Positive Sentiment: EPAM announced an applied AI partnership with Anthropic, which could support longer-term client demand and positioning. EPAM forecasts 4%-6.5% 2026 revenue growth amid applied AI partnership with Anthropic
• Neutral Sentiment: Several analysts cut price targets after the report, including Citi to $112 from $145 and Wells Fargo to $151 from $195, reflecting reduced near-term expectations but still leaving upside from current levels. Benzinga analyst updates
• Neutral Sentiment: Needham also lowered its target to $135 from $175, while keeping a buy rating, and Guggenheim trimmed its target earlier this week amid concerns about Q2 revenue outlook. Benzinga analyst updates
• Negative Sentiment: Despite the earnings beat, EPAM cut its 2026 revenue-growth outlook to 4.0% to 6.5% year over year, or 2.5% to 5.0% on an organic constant-currency basis, which appears to be the main reason investors are selling the stock. EPAM Reports Results for First Quarter 2026

Institutional Investors Weigh In On EPAM Systems

Several large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its holdings 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 valued at $27,000 after purchasing an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems during the second quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in shares of EPAM Systems during the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc purchased a new position in shares of EPAM Systems during the second quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of EPAM Systems during the fourth quarter valued at approximately $35,000. 91.58% of the stock is currently owned by institutional investors.

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.