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.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup upped their target price on EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their target price on shares of EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research lowered shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Truist Financial began coverage on shares of EPAM Systems in a research report on Tuesday, January 6th. They set a “hold” rating and a $220.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.20.

EPAM Systems Trading Down 21.0%

Shares of EPAM stock traded down $35.27 on Thursday, hitting $132.42. 3,158,050 shares of the company’s stock traded hands, compared to its average volume of 989,736. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.94 and a beta of 1.72. The company’s fifty day simple moving average is $203.12 and its 200 day simple moving average is $178.98. EPAM Systems has a one year low of $128.78 and a one year high of $241.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.10. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts forecast that EPAM Systems will post 8.9 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In related news, SVP Boris Shnayder sold 5,000 shares of EPAM Systems stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the transaction, the senior vice president directly owned 15,645 shares of the company’s stock, valued at $3,238,515. This trade represents a 24.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by corporate insiders.

Key EPAM Systems News

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

• Positive Sentiment: Q4 beats — EPAM reported adjusted EPS of $3.26 vs. consensus ~$3.16 and revenue of $1.408B (up 12.8% YoY), showing double‑digit growth that beat expectations. EPAM Systems Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Upbeat EPS guidance — EPAM raised FY‑2026 EPS guidance to $12.60–$12.90 (above consensus) and Q1 EPS to $2.70–$2.78, suggesting continued margin/earnings strength even as revenue guidance was roughly in line with Street expectations. EPAM Reports Results for Fourth Quarter and Full Year 2025
• Positive Sentiment: AI demand tailwind — Company commentary and analyst notes point to AI‑driven demand across key sectors, which supports secular revenue growth and helps justify the higher EPS outlook. EPAM Systems Q4 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Strategic moves — EPAM is repositioning India as a co‑innovation hub for life sciences/healthcare, a longer‑term operating positive but not an immediate catalyst. EPAM repositions India as co-innovation hub for life sciences, healthcare
• Neutral Sentiment: Take‑private chatter — Some commentaries flag EPAM as a depressed stock that could attract buyout interest; that’s speculative and not an immediate driver. Why These 5 Depressed Stocks Are Flashing Classic Take-Private Signals in 2026
• Negative Sentiment: Investor reaction and guidance concerns — Despite beats, shares fell sharply post‑release; coverage notes investors were disappointed by aspects of the guidance language and forward clarity, prompting heavy selling and a slide toward a 52‑week low. EPAM Systems Stock Sinks To 52-Week Low – Here’s Why
• Negative Sentiment: Technical pressure — Volume spiked well above average on the sell‑off and the stock has moved below key moving averages, increasing the risk of further downside until sentiment stabilizes. EPAM Systems Stock Down 21.5%

Institutional Investors Weigh In On EPAM Systems

Several institutional investors and hedge funds have recently made changes to their positions in EPAM. JPMorgan Chase & Co. grew its position in EPAM Systems by 56.9% during 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 buying an additional 416,324 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of EPAM Systems by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 849,896 shares of the information technology services provider’s stock worth $174,130,000 after acquiring an additional 75,211 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 valued at $160,649,000 after acquiring an additional 701,500 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of EPAM Systems by 79.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock worth $97,258,000 after purchasing an additional 284,840 shares in the last quarter. Finally, Millennium Management LLC raised its holdings 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 purchasing an additional 282,499 shares during the period. Institutional investors 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.