EPAM Systems (NYSE:EPAM) Issues Earnings Results, Beats Estimates By $0.24 EPS

EPAM Systems (NYSE:EPAM) issued its quarterly earnings data on Wednesday. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.24, FiscalAI reports. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $2.77 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.

EPAM Systems Trading Down 15.3%

Shares of NYSE EPAM traded down $16.85 during midday trading on Thursday, reaching $93.02. The stock had a trading volume of 3,793,643 shares, compared to its average volume of 1,669,805. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The company’s 50 day moving average price is $91.22 and its 200 day moving average price is $124.01.

EPAM Systems News Roundup

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, exceeding the $3.14 consensus estimate, while revenue of $1.415 billion was broadly in line with expectations. EPS increased 22% year over year, and revenue rose 4.5%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Profitability improved, with GAAP operating margin rising to 10.8% from 9.3% and non-GAAP operating margin increasing to 16.4% from 15.0%. EPAM also repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Quarterly Results
• Positive Sentiment: Third-quarter EPS guidance of $3.38 to $3.46 is above the $3.33 analyst consensus. Full-year non-GAAP EPS guidance of $13.08 to $13.24 also exceeds the $12.53 consensus estimate.
• Neutral Sentiment: Needham lowered its price target to $120 from $135 but maintained a “buy” rating, implying substantial potential upside from recent levels. Morgan Stanley separately reduced its target to $100. Needham Price Target Update
• Negative Sentiment: EPAM cut its full-year revenue-growth forecast to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth. The reduction indicates slower demand for its software and digital-transformation services and overshadowed the earnings beat. EPAM Cuts Annual Revenue Forecast
• Negative Sentiment: William Blair downgraded EPAM from “outperform” to “market perform,” reinforcing investor concerns about near-term growth and demand conditions. William Blair Rating Update

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds have recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in EPAM Systems during the second quarter valued at $27,000. Sunbelt Securities Inc. lifted its stake in shares of EPAM Systems by 4,233.3% in the 4th 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 period. MUFG Securities EMEA plc acquired a new position in shares of EPAM Systems in the 2nd quarter valued at about $30,000. 1248 Management LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at about $32,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in EPAM Systems during the fourth quarter worth approximately $35,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. The Goldman Sachs Group cut shares of 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 research note on Friday, May 8th. Guggenheim decreased their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $85.00 target price on shares of EPAM Systems in a research report on Friday, July 10th. Finally, Stifel Nicolaus set a $135.00 target price on EPAM Systems in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $131.80.

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.