EPAM Systems, Inc. earnings overview

EPAM FY2026 Q1 · Calendar Q2 2026

EPAM Systems, Inc.

EPAM delivered a Q1 FY2026 beat with EPS of $2.86 vs. $2.75 estimate and revenue of $1.40B vs. $1.39B estimate, driven by accelerating AI-native services growth and a $125M AI revenue run-rate. Despite the beat, management lowered full-year revenue growth guidance from 4.5-7.5% to 4-6.5%, citing macroeconomic uncertainty, higher energy prices, and weaker North America demand. The stock sold off 2.6% on the report with a further 5.9% drift over subsequent sessions, as investors weighed the guidance cut against the expanding AI partnership ecosystem (Anthropic, Ontic, AWS) and a large but still-unsecured pipeline of AI-enabled vendor consolidation deals for H2.