EPAM Systems (NYSE:EPAM) Releases Q1 2026 Earnings Guidance

EPAM Systems (NYSE:EPAM) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.700-2.780 for the period, compared to the consensus EPS estimate of 2.510. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. EPAM Systems also updated its FY 2026 guidance to 12.600-12.900 EPS.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $138.83 on Friday. The stock’s 50-day moving average is $200.27 and its two-hundred day moving average is $178.60. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. EPAM Systems has a 1-year low of $128.78 and a 1-year high of $223.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 3.02.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.10. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.92% and a return on equity of 13.57%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.84 earnings per share. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. Analysts forecast that EPAM Systems will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

EPAM has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a report on Friday. Needham & Company LLC reduced their target price on shares of EPAM Systems from $215.00 to $175.00 and set a “buy” rating for the company in a research note on Friday. Citigroup decreased their price target on EPAM Systems from $225.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley set a $160.00 target price on shares of EPAM Systems in a report on Friday. Finally, Mizuho lifted their price target on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.81.

Insider Activity at EPAM Systems

In other news, SVP Boris Shnayder sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the completion of the transaction, the senior vice president owned 15,645 shares of the company’s stock, valued at $3,238,515. The trade was a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by company insiders.

Key EPAM Systems News

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

• Positive Sentiment: EPAM beat Q4 estimates: revenue $1.408B (+12.8% YoY) and adjusted EPS $3.26, and issued FY2026 EPS guidance (12.60–12.90) and Q1 guidance (2.70–2.78) above consensus — a fundamental positive signal for growth and profitability. EPAM Q4 press release
• Positive Sentiment: Major brokers largely retained constructive ratings (Overweight/Buy) even while trimming targets, signaling continued analyst confidence in medium‑term upside. Analyst coverage summary TickerReport on Wells Fargo
• Neutral Sentiment: Some market commentators argue the post‑earnings sell‑off is overdone given the beat and raised full‑year EPS guide — suggesting this pullback could represent a buying opportunity for value‑oriented investors. Seeking Alpha analysis
• Neutral Sentiment: Zacks highlights EPAM as a top‑ranked value stock and reviews Q4 metrics vs. estimates — useful for investors focused on quantitative screens rather than headline reaction. Zacks value ranking
• Negative Sentiment: Market reaction has been negative: shares plunged after management commentary and guidance nuance raised investor concerns about margin pressure from AI‑related investments and higher variable compensation; headlines point to weakness in near‑term sentiment. Yahoo Finance deep dive Barron’s coverage
• Negative Sentiment: Several firms trimmed price targets (JPMorgan, Wells Fargo, Needham, Truist), with some downgrades in upside — these reductions amplify short‑term selling pressure despite many shops keeping buy/overweight stances. Benzinga PT updates The Fly on Truist PT cut

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EPAM. Price T Rowe Associates Inc. MD lifted its stake in shares of EPAM Systems by 849.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock worth $160,649,000 after purchasing an additional 701,500 shares during the period. JPMorgan Chase & Co. increased its stake in EPAM Systems by 56.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after purchasing an additional 416,324 shares during the last quarter. Royal Bank of Canada increased its stake in EPAM Systems by 216.1% in the fourth quarter. Royal Bank of Canada now owns 552,523 shares of the information technology services provider’s stock valued at $113,201,000 after purchasing an additional 377,708 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in EPAM Systems by 79.1% during the third quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock worth $97,258,000 after buying an additional 284,840 shares during the period. Finally, Millennium Management LLC boosted its stake in EPAM Systems by 84.1% in the 4th quarter. Millennium Management LLC now owns 618,278 shares of the information technology services provider’s stock worth $126,673,000 after buying an additional 282,499 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.