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EPAM · EPAM Systems, Inc.

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$163.15 -0.68 (-0.42%) At close · Nov 13
Market Cap
$8.32B
Shares
51.02M
Volume · Nov 13 1M Avg daily vol (3M) 1.21M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$163.15 Open$164.18 Day$162.85–167.86 52W close$76.04–221.40 Avg vol 30d1.3M Short int6.4M · 12.6% of shares · 6.1d Short vol59% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Feb 18, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 10
Current report 8-K Events of Nov 9
UBS-backed $500 million accelerated share repurchase

EPAM Systems entered a $500 million accelerated share repurchase with UBS on November 9, 2026. It is funded by cash on hand and existing credit facility borrowings; UBS is expected to deliver 2,550,695 shares, worth $400 million, by November 10, 2026.

Entered into a material agreement Read from the first part of this long document
3 source passages
On November 9, 2026, EPAM Systems, Inc. (the “Company”) entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement (the “ASR Agreement”) with UBS AG, London Branch, represented by UBS Securities LLC (“UBS”) to repurchase an aggregate of $500 million of shares of the Company’s common stock (the “Common Stock”). Under the terms of the ASR Agreement, the Company will make a payment of $500 million to UBS, and will receive from UBS (expected by November 10, 2026) an initial delivery of 2,550,695 shares of Common Stock, or $400 million worth based on the closing price of the Common Stock on November 9, 2026. The Company is funding the share repurchase under the ASR Transaction using cash on hand and borrowings under its existing credit facility. Open the document at this passage
Nov 5
Registration statement S-3ASR
Shelf registration enables multiple future securities offerings

EPAM Systems, Inc. established a shelf registration allowing it to offer common stock, preferred stock, debt securities, warrants, purchase contracts and units from time to time, with proceeds generally for corporate purposes.

Read from the first part of this long document
3 source passages
EPAM Systems, Inc. was incorporated in the State of Delaware on December 18, 2002. We may offer and sell the securities listed above, or any combination thereof, from time to time in one or more offerings, at prices and on terms determined at the time of any such offering. Unless otherwise indicated in a prospectus supplement, the net proceeds from the sale of the securities will be used for general corporate purposes, which include, but are not limited to, repayment of debt, repurchases of outstanding shares of common stock, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and other business opportunities. Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rises 4.7%, diluted EPS reaches $6.00

EPAM Systems reported revenue of $4.241 billion for the nine months ended September 30, 2026, up 4.7%, while operating margin rose to 10.5% and diluted earnings per share increased to $6.00 from $4.75, helped by operating income and share repurchases.

Revenue $1.43B ▲ 2.3% Net income $130.31M ▲ 22.0% Diluted EPS $2.53 ▲ 32.5%
Read from the MD&A section
4 source passages
In this quarterly report, “EPAM,” “EPAM Systems, Inc.,” the “Company,” “we,” “us” and “our” refer to EPAM Systems, Inc. and its consolidated subsidiaries. For the first nine months of 2026, our revenues were $4.241 billion, an increase of 4.7% from $4.050 billion reported for the same period of 2025. Income from operations as a percentage of revenues increased to 10.5% for the nine months ended September 30, 2026 as compared to 9.2% for the nine months ended September 30, 2025, largely driven by a decrease in cost of revenues (exclusive of depreciation and amortization) as a percentage of revenues. Diluted earnings per share increased to $6.00 for the nine months ended September 30, 2026 from $4.75 for the nine months ended September 30, 2025, mainly driven by an increase in income from operations as well as reduced common shares outstanding resulting from share repurchases, including repurchases made under the Accelerated Share Repurchase Agreement (“March 2026 ASR”) in connection with the 2025 Repurchase Program. Open the document at this passage
Nov 5
Current report 8-K
Revenue grows 2.3%; board authorizes $1.8 billion buyback

EPAM reported third-quarter revenue of $1.426 billion, up 2.3%, and GAAP diluted EPS of $2.53. Its board authorized up to $1.8 billion in repurchases, and the company plans a $500 million accelerated repurchase.

Financial results, Other events
4 source passages
Third quarter revenues of $1.426 billion, up 2.3% year-over-year and 2.5% on an organic constant currency basis Third quarter GAAP diluted EPS of $2.53, an increase of $0.62, or 32.5%, and non-GAAP diluted EPS of $3.51, an increase of $0.43, or 14.0%, on a year-over-year basis the announcement that its Board of Directors approved a common stock repurchase program, authorizing EPAM to repurchase up to $1.8 billion of EPAM common stock During the week of November 9, 2026, EPAM expects to enter into a $500 million accelerated share repurchase (Q4 ASR). Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$5.65B
Trailing 12 months
Net income (TTM)
$425.17M
Trailing 12 months
Revenue growth YoY
+2.3%
Year over year
Operating margin
10.5%
Trailing 12 months
P / E (TTM)
20.4
Trailing earnings · reciprocal yield 4.9%
FCF yield
5.7%
TTM · current market cap
Return on invested capital
16.4%
Trailing 12 months
Net cash
$940.17M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-7.8%
Year over year · fewer shares
Price change (1Y)
-9.6%
Trailing year
Short interest
12.6%
Latest settlement · 6.1 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26

TL;DR. EPAM beat Q2 expectations on revenue, margins, and EPS, but lowered full-year 2026 revenue growth guidance to 3.2%-4.2% (organic constant currency 2%-3%) and pushed expected meaningful revenue from large AI-led deals from 2H26 into 1H27, citing a North America growth gap and demand shifting from task-based services to AI-led modernization.

Bullish
  • + Q2 revenue grew 4.5% YoY to $1.415B with organic constant currency growth of 3.4%, beating the high end of outlook
  • + Full-year 2026 non-GAAP operating margin guidance raised to the high end of the prior 15%-16% range (now 15.5%-16.0%)
  • + AI-native revenue reached more than $160M in Q2 (~11% of revenue), the sixth consecutive quarter of sequential double-digit growth, tracking to the $600M 2026 goal
Bearish
  • − Management expects more meaningful revenue contribution from large AI-led deals to slip from 2H 2026 into 1H 2027
  • − North America growth now expected to run below expectations in 2H due to demand shifting from task-based services toward AI-led modernization and go-to-market capability gaps
  • − Software & high-tech vertical declined 1.3% YoY due to project ramp-downs and business information & media declined 2.1% YoY
  • − AI-native revenue scaling will take time; constraint is enterprise adoption motion, with AI-native only ~11% of business and growth expected to be uneven

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Buy Momentum Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +37%
above
Price vs 50-day avg +29%
above
RSI (14) 70
neutral
MACD trend Positive
52-week position 60%
mid-range
Momentum
relative strength
Strong
1-month return +34%
trailing
6-month return +64%
trailing
YTD return −20%
this year
Relative strength +63%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $126 › 200d $119 — 50d above 200d
Institutional flow Distributing
418 of 450 funds reported for Sep 30 · net -1.4M sh shares · +63 new
Insider flow Distributing
Net -$528.3K over 90 days · 100% sells
Short interest Falling
12.62% of shares out · ▼ -0.1% MoM · 6.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
450 holders — near 3-yr low, contrarian setup
Squeeze score 74
high risk · 0–100
Fundamentals
Excellent
Revenue growth +25%
Y/Y
EPS growth −14%
Y/Y
Free cash flow $612.7M
Valuation P/E 20.4
below peers
Buyback $2.8B
authorized
Balance sheet $1.3B
net cash
Quant / Vol
risk profile
Very High
Volatility 56%
annualized · 1-yr
Max drawdown −66%
past year
ATR 4.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 7 of last 8
Latest guidance · from the 8-K filed Aug 6, 2026
Year-over-year revenue growth rate · full year 2026 Lowered 3.2% – 4.2%
May 7, 2026 4% – 6.5% changed to Aug 6, 2026 3.2% – 4.2%
Year-over-year revenue growth rate on an organic constant curren · full year 2026 Lowered 2% – 3%
May 7, 2026 2.5% – 5% changed to Aug 6, 2026 2% – 3%
GAAP income from operations as a percentage of revenues · full year 2026 Raised 10.5% – 11%
May 7, 2026 10% – 11% changed to Aug 6, 2026 10.5% – 11%
GAAP effective tax rate · full year 2026 Maintained 27%
May 7, 2026 27% changed to Aug 6, 2026 27%
Non-GAAP income from operations as a percentage of revenues · full year 2026 Raised 15.5% – 16%
May 7, 2026 15% – 16% changed to Aug 6, 2026 15.5% – 16%
Non-GAAP effective tax rate · full year 2026 Maintained 24%
May 7, 2026 24% changed to Aug 6, 2026 24%
Non-GAAP diluted EPS · full year 2026 Raised $13.08 – $13.24
May 7, 2026 $12.98 – $13.28 changed to Aug 6, 2026 $13.08 – $13.24
GAAP diluted EPS · full year 2026 Lowered $8.22 – $8.38
May 7, 2026 $8.29 – $8.59 changed to Aug 6, 2026 $8.22 – $8.38
prior FY $6.72 midpoint +23.5% Y/Y
Previous outlook earlier release · from the Earnings Call filed May 7, 2026

Still-open targets the latest release did not restate under the same label.

Revenue growth · full-year 2026 4% – 6.5%
Prior guidance period ended · from the 8-K filed Aug 6, 2026
Revenues · third quarter 2026 $1.41B – $1.43B
Non-GAAP income from operations as a percentage of revenues · third quarter 2026 15.5% – 16.5%
Year-over-year revenue growth rate on an organic constant curren · third quarter 2026 1.8%
GAAP income from operations as a percentage of revenues · third quarter 2026 11% – 12%
GAAP effective tax rate · third quarter 2026 25%
Non-GAAP effective tax rate · third quarter 2026 24%
Non-GAAP diluted EPS · third quarter 2026 $3.38 – $3.46
GAAP diluted EPS · third quarter 2026 $2.33 – $2.41
Guided vs delivered · last 8 settled
Revenues third quarter 2026
guided $1.41B – $1.43B
$1.43B Beat +0.6%
GAAP diluted EPS third quarter 2026
guided $2.33 – $2.41
$2.53 Beat +6.8%
Revenue Q2 2026
guided $1.4B – $1.42B
$1.41B In line
GAAP diluted EPS Q2 2026
guided $1.79 – $1.87
$1.97 Beat +7.7%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
0 · 3 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+37% Bullish
Price vs 50-day avg
+29% Bullish
RSI (14)
70 Neutral
MACD trend
Positive Bullish
52-week position
60% Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $126 › 200d $119 — 50d above 200d
Institutional flow Distributing
418 of 450 funds reported for Sep 30 · net -1.4M sh shares · +63 new
Insider flow Distributing
Net -$528.3K over 90 days · 100% sells
Short interest Falling
12.62% of shares out · ▼ -0.1% MoM · 6.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
450 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $76 Now $163 · 60% Range high $221
vs 200-day avg +37% vs 50-day avg +29%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Americas segment operating profit as % of revenues 18.8% the three months ended June 30, 2026 filing —
average number of production professionals 1.6% the three months ended June 30, 2026 compared to the three month filing —
Consolidated revenues denominated in currencies other than the U.S. dollar 40.1% the three months ended June 30, 2026 filing —
delivery professionals 56,650 Q2 2026 —
Europe segment operating profit as % of revenues 16.1% the three months ended June 30, 2026 filing —
Europe's segment operating profit (as a percentage of revenues) 14.9% the three months ended June 30, 2026 filing —
Non-GAAP income from operations non-GAAP $232.7M Q2 2026 —
Non-GAAP operating margin non-GAAP 16.4% Q2 2026 —
Revenue growth (constant currency) non-GAAP 3.4% the three months ended June 30, 2026 filing —
Revenue growth on an organic constant currency basis non-GAAP 3.4% Q2 2026 —
Total headcount 62,850 Q2 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Information Technology Services — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
EPAM
EPAM Systems, Inc.
this stock
$8.32B -20.4% +25.0% 20.4 12.6%
IBM
International Business Machines Corp
$233.57B -16.6% +7.6% 21.0 1.9%
ACN
Accenture plc
$167.58B -6.6% +6.5% 18.5 3.2%
INFY
Infosys Ltd
$49.78B -31.0% — — 2.1%
CTSH
Cognizant Technology Solutions Corp
$28.17B -24.1% +7.0% 11.5 5.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
467
% held
110.2%
Reported
418 of 450
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
397
View
Short & Settlement
Short Interest Falling
Shares short
6.4M
Days to cover
6.1d
Change
-7.5K sh
View
Short Volume
Short vol %
59%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
90
Value
$9.8K
As of
Oct 7, 2026
View
Off-Exchange
Off-exchange %
42.7%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$528.3K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Sell
Member
Gilbert Cisneros
Amount
$1.0K–$15.0K
Traded
Apr 14, 2026
View
Financials
Financials
Revenue (FY)
$5.5B
Net income (FY)
$377.7M
EPS diluted
$6.72
View
Buybacks
Authorized · 2 programs
$2.8B
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 10, 2026
This year
20

EPAM Systems entered a $500 million accelerated share repurchase with UBS on November 9, 2026. It is funded by cash on hand and existing credit facility borrowings; UBS is expected to deliver 2,550,695 shares, worth $400 million, by November 10, 2026.

View
Proposed Sales
Value
$1.6M
Shares
10.0K
Filed
Nov 12, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
EPAM Reports Results for Third Qu…
Published
Nov 5, 2026
View

Performance

5D 20D 120D MTD YTD
EPAM +2.4% +33.5% +63.7% +16.1% -20.4%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -0.2% +34.7% +63.2% +16.3% -31.0%

Capital returns

Buyback programs · 2 active · as of Sep 30, 2026
Authorized (total)
$2.80B
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1352010 CUSIP 29414B104 13F (30d) 384 filings 341 filers Visit website Investor relations