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

EPAM Systems (NYSE:EPAM) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS 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.

EPAM Systems Trading Down 2.3%

NYSE EPAM opened at $109.44 on Thursday. The company’s fifty day moving average price is $91.39 and its two-hundred day moving average price is $124.86. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. EPAM Systems has a 12 month low of $73.06 and a 12 month high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.41 EPS. As a group, research analysts predict that EPAM Systems will post 10.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAM has been the topic of several research reports. Wells Fargo & Company cut their price objective on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research report on Tuesday. Guggenheim reduced their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Citigroup decreased their price objective on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $132.64.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its holdings in shares of EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 127 shares during the period. Compound Planning Inc. acquired a new position in shares of EPAM Systems during the fourth quarter valued at approximately $250,000. Rare Wolf Capital LLC bought a new stake in EPAM Systems during the fourth quarter worth approximately $209,000. Corient Private Wealth LLC raised its holdings in EPAM Systems by 5,140.2% during 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 in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in EPAM Systems in the fourth quarter worth approximately $1,741,000. 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.