EPAM Systems (NYSE:EPAM) Releases Q3 2026 Earnings Guidance

Key Points

• EPAM raised or updated its Q3 2026 outlook, forecasting EPS of $3.38–$3.46 versus the $3.33 consensus estimate, while revenue guidance of approximately $1.4 billion was in line with expectations. Full-year 2026 EPS guidance is $13.08–$13.24.
• Analyst sentiment remains cautious: EPAM has a consensus “Hold” rating, with seven Buy, eight Hold and one Sell ratings, and a consensus price target of $132.64. Several firms recently lowered targets or downgraded the stock.
• Shares opened at $109.44, with a $5.72 billion market capitalization and a wide 52-week range of $73.06 to $222.53. Institutional investors own approximately 91.58% of EPAM’s shares.

EPAM Systems (NYSE:EPAM - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.380-3.460 for the period, compared to the consensus earnings per share estimate of 3.330. 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 13.080-13.240 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wedbush initiated coverage on EPAM Systems in a research note on Monday, June 15th. They issued a "neutral" rating and a $99.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $85.00 target price on shares of EPAM Systems in a research report on Friday, July 10th. Truist Financial cut their price target on shares of EPAM Systems from $146.00 to $112.00 and set a "hold" rating on the stock in a report on Friday, May 8th. Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a research note on Tuesday. Finally, Jefferies Financial Group lowered shares of 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 report on Friday, May 29th. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $132.64.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $109.44 on Thursday. The company has a market cap of $5.72 billion, a P/E ratio of 15.70, a PEG ratio of 1.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems has a one year low of $73.06 and a one year high of $222.53. The business's 50-day simple moving average is $91.39 and its 200 day simple moving average is $124.86.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion for 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%.EPAM Systems's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous 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.

Institutional Investors Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its holdings 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 buying an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of EPAM Systems in the second quarter worth about $27,000. 1248 Management LLC purchased a new position in EPAM Systems in the fourth quarter valued at about $32,000. MUFG Securities EMEA plc acquired a new stake in EPAM Systems during the 2nd quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in EPAM Systems during the 4th quarter worth approximately $35,000. Hedge funds and other 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.

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