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

Key Points

• EPAM issued FY 2026 guidance for EPS of $13.08–$13.24, above the $12.53 consensus estimate, while revenue guidance of $5.6–$5.7 billion is broadly in line with the $5.7 billion consensus. Q3 EPS guidance was set at $3.38–$3.46.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $132.64 average price target. Recent firms have lowered price targets or downgraded the shares, including Jefferies, Susquehanna and Wedbush.
• EPAM shares opened at $109.44, down 2.3%, and remain well below their 52-week high of $222.53. Institutional investors and hedge funds own a substantial 91.58% of the company.

EPAM Systems (NYSE:EPAM - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided EPS 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.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of EPAM Systems in a research note on Tuesday. Susquehanna decreased 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, May 4th. Jefferies Financial Group downgraded EPAM Systems from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Guggenheim lowered their target price on EPAM Systems from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 4th. Finally, Wedbush started coverage on shares of EPAM Systems in a report on Monday, June 15th. They issued a "neutral" rating and a $99.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $132.64.

EPAM Systems Stock Down 2.3%

NYSE:EPAM opened at $109.44 on Thursday. The business's fifty day moving average price is $91.39 and its 200 day moving average price is $124.86. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.06 and a beta of 1.39. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.11. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.41 EPS. On average, sell-side analysts forecast that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EPAM Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems during the second quarter valued at $27,000. Sunbelt Securities Inc. increased its position in 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 worth $27,000 after purchasing an additional 127 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems during the 2nd quarter worth about $30,000. 1248 Management LLC purchased a new stake in shares of EPAM Systems during the 4th quarter worth about $32,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of EPAM Systems during the 4th quarter valued at about $35,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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