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

EPAM Systems (NYSE:EPAM) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.100-3.180 for the period, compared to the consensus earnings per share 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 Stock Performance

EPAM opened at $107.02 on Thursday. The firm has a market cap of $5.61 billion, a P/E ratio of 15.90, a PEG ratio of 1.07 and a beta of 1.45. EPAM Systems has a 1-year low of $106.63 and a 1-year high of $222.53. The company has a 50 day simple moving average of $131.70 and a two-hundred day simple moving average of $169.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 2.59.

EPAM Systems (NYSE:EPAM) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 6.92% and a return on equity of 13.57%. Equities analysts forecast that EPAM Systems will post 9.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EPAM. JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Zacks Research cut EPAM Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Susquehanna dropped their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday. Mizuho increased their price objective on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Finally, The Goldman Sachs Group reduced their price objective on shares of EPAM Systems from $250.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.79.

Hedge Funds Weigh In On EPAM Systems

Institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its holdings in shares of EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 127 shares in the last quarter. Compound Planning Inc. purchased a new position in shares of EPAM Systems in the fourth quarter valued at $250,000. Rare Wolf Capital LLC bought a new stake in EPAM Systems in the fourth quarter worth $209,000. Corient Private Wealth LLC increased its position in EPAM Systems by 5,140.2% in the fourth quarter. Corient Private Wealth LLC now owns 171,931 shares of the information technology services provider’s stock worth $35,225,000 after purchasing an additional 168,650 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in EPAM Systems in the fourth quarter worth $1,741,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.