EPAM

EPAM Systems, Inc. ( EPAM ) Q3 2026 Earnings Call November 5, 2026 8:00 AM EST Company Participants Mike Rowshandel - Head of Investor Relations Balazs Fejes - President, CEO & Director Jason Peterson - Senior VP, CFO & Treasurer Conference Call Participants Bryan Bergin - TD Cowen, Research Division Margaret Nolan - William Blair & Company L.L.C., Research Division Jonathan Lee James Friedman - Susquehanna Financial Group, LLLP, Research Division David Grossman - Stifel, Nicolaus & Company, Incorporated, Research Division Tyler DuPont - Wells Fargo Securities, LLC, Research Division Puneet Jain - JPMorgan Chase & Co, Research Division Paul Obrecht - Wolfe Research, LLC Sean Kennedy - Mizuho Securities USA LLC, Research Division Presentation Operator Good day, everyone.

The headline numbers for Epam (EPAM) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Epam (EPAM) came out with quarterly earnings of $3.51 per share, beating the Zacks Consensus Estimate of $3.41 per share. This compares to earnings of $3.08 per share a year ago.

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 income from operations increased to 12.3% of revenues from 10.4%, and non-GAAP income from operations increased to 16.7% of revenues from 16.0%, on a year-over-year 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 Increased share repurchase authorization by $1.5 billion, bringing the total remaining authorization to $1.8 billion, and plans to enter a $500 million accelerated share repurchase next week EPAM commits to return at least 50% of free cash flow to shareholders annually from 2027 through 2029 For the full year, EPAM now expects the year-over-year revenue growth rate to be in the range of 3.5% to 3.7% and now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.5% to 2.7% For the full year, EPAM now expects its GAAP diluted EPS to be in the range of $8.41 to $8.49, and non-GAAP diluted EPS to be in the range of $13.23 to $13.31 NEWTOWN, Pa., Nov. 5, 2026 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital and AI transformation company, today announced results for its third quarter ended September 30, 2026.

EPAM Systems faces a challenging transition as AI disrupts its traditional software services, but I see undervalued adaptability and capital return potential. AI-related revenue now comprises 11% of Q2 2026 sales, yet much of this merely replaces legacy work, limiting near-term growth acceleration. Management is aggressively repurchasing shares, supported by a strong net cash position and a compelling valuation (EV/EBITDA 7x, P/CF 11x).

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Wall Street spent months betting that AI would hollow out consulting and IT services firms, then a single unconfirmed revenue figure sent those same beaten-down stocks surging while the AI darlings sank.

New offering leverages EPAM's decades of enterprise engineering depth and established AI lab partnerships to supply advanced data and evaluation services NEWTOWN, Pa., Oct. 5, 2026 /PRNewswire/ -- EPAM Systems, Inc.  (NYSE: EPAM) today announced the launch of a new strategic offering dedicated to powering the next generation of frontier AI models.

NEWTOWN, Pa., Oct. 2, 2026 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m.

Drawing on decades of engineering excellence, EPAM built a robust cloud-native environment and applications to support EuroCTP on its mission to solve a complex, long-standing data fragmentation challenge. NEWTOWN, Pa.