EPAM Systems, Inc. · EPAM · Next earnings

EPAM Systems, Inc. reports Thursday, Nov 5, 2026

EPAM reports before market open with consensus EPS at $3.41 and revenue at $1.42B. Last quarter: EPAM’s AI growth accelerates as North America weighs on guidance

Reports Before market open1 day awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $3.41 Calendar consensus
Consensus revenue $1.42B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 1 day away

Where EPAM left off: FY2026 Q2

Full report

EPAM’s AI growth accelerates as North America weighs on guidance

EPS surprise +7.0% Reported $3.38 vs $3.16
Revenue surprise +0.5% Reported $1.41B vs $1.41B
Stock move -15.3% Event window
Subsequent drift +28.8% Up to 20 sessions

FY 2026 revenue growth guidance was lowered to 3.2–4.2%; free-cash-flow conversion is expected to be about 70%.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Slower Americas growth as clients shift from task-based services to AI modernization
  • Higher DSO and working-capital pressure on cash flow
  • Execution risk in the North America go-to-market transformation
  • Project ramp-downs in Software & Hi-Tech and macroeconomic volatility

Questions analysts left open

  • North America growth slowdown and execution of the commercial transformation
  • Revised FY 2026 revenue guidance and free-cash-flow conversion near 70%
  • Timing of large AI-related deals and margin durability amid FX headwinds

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Recent EPAM quarters

All EPAM earnings
-15.3%FY2026 Q2-2.6%FY2026 Q1-17.0%FY2025 Q4+4.4%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.