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

EPAM Systems (NYSE:EPAM) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 12.600-12.900 for the period, compared to the consensus earnings per share estimate of 11.660. The company issued revenue guidance of $5.7 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion. EPAM Systems also updated its Q1 2026 guidance to 2.700-2.780 EPS.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EPAM. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Truist Financial lowered their target price on EPAM Systems from $220.00 to $146.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Morgan Stanley set a $160.00 target price on EPAM Systems in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Finally, Citigroup lowered their target price on EPAM Systems from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.56.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded up $0.28 during midday trading on Friday, reaching $124.13. 329,715 shares of the company traded hands, compared to its average volume of 1,196,458. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12 month low of $122.53 and a 12 month high of $222.53. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The firm’s fifty day moving average price is $149.18 and its two-hundred day moving average price is $172.39.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.10. EPAM Systems had a return on equity of 13.57% and a net margin of 6.92%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company posted $2.84 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. 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. On average, equities analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

EPAM Systems News Roundup

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

• Positive Sentiment: EPAM raised FY2026 EPS guidance to $12.60–$12.90, well above the consensus of $11.66 — a clear beat that supports higher forward earnings expectations and likely underpins the stock’s uptick.
• Positive Sentiment: EPAM raised Q1 2026 EPS guidance to $2.70–$2.78 vs. consensus $2.47, signaling stronger near-term profitability and suggesting tougher comps may be easing.
• Positive Sentiment: EPAM was ranked the top IT services provider in the Nordics, which can support revenue momentum and competitive positioning in a key region. EPAM ranked top IT services provider in Nordics study
• Positive Sentiment: Zacks highlighted EPAM as a top-ranked growth stock, which may attract growth-oriented investors following the upbeat guidance. Epam (EPAM) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: Revenue guidance was issued at $5.7B–$5.9B (consensus ~$5.8B), effectively in line with expectations — supportive but not a surprise to the market.
• Neutral Sentiment: Third‑party coverage and comparative analyses (e.g., EXL/EPAM financial writeups) are circulating; useful for context but unlikely to move the stock materially by themselves. ExlService and EPAM Financial Analysis
• Neutral Sentiment: Sector commentary noting shifting sentiment keeps EPAM in focus; this may amplify swings but doesn’t change the company’s underlying guidance. EPAM Systems in focus amid shifting sector sentiment
• Negative Sentiment: Citigroup cut its price target from $155 to $145 and set a neutral rating — a downward revision that can cap upside and pressure shorter-term sentiment. Benzinga coverage of price target change

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in EPAM Systems by 4.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock worth $322,000 after acquiring an additional 67 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in EPAM Systems by 2.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock worth $550,000 after acquiring an additional 74 shares during the last quarter. Sunbelt Securities Inc. increased its stake 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 acquiring an additional 127 shares during the last quarter. Corient Private Wealth LLC increased its stake in EPAM Systems by 8.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,823 shares of the information technology services provider’s stock worth $322,000 after acquiring an additional 137 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in EPAM Systems by 5.5% in the 2nd quarter. Snowden Capital Advisors LLC now owns 2,696 shares of the information technology services provider’s stock worth $477,000 after acquiring an additional 141 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

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.