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

EPAM Systems (NYSE:EPAM) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 13.080-13.240 for the period, compared to the consensus earnings per share 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 Down 2.3%

EPAM Systems stock opened at $109.44 on Thursday. The company has a market capitalization of $5.72 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.06 and a beta of 1.39. The firm’s fifty day simple moving average is $91.39 and its 200-day simple moving average is $124.86. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems has a 1-year low of $73.06 and a 1-year high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 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 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 EPS. Sell-side analysts forecast that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $85.00 price target on shares of EPAM Systems in a research report on Friday, July 10th. Truist Financial cut their price objective on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group downgraded EPAM Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $110.00 in a report on Friday, May 29th. Susquehanna dropped their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Finally, Morgan Stanley cut their price target on EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems currently has an average rating of “Hold” and an average price target of $132.64.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. boosted its holdings in 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 in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems in the 2nd quarter valued at $27,000. 1248 Management LLC acquired a new position in EPAM Systems during the fourth quarter worth $32,000. MUFG Securities EMEA plc acquired a new position in EPAM Systems during the second quarter worth $30,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of EPAM Systems during the fourth quarter valued at $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.