Revenue Growth Acceleration
EPAM reported Q1 FY2026 revenues of $1.40B, up 7.6% YoY from $1.30B, indicating a continued recovery in demand for IT services and engineering solutions after prior-year headwinds.
EPAM Systems, Inc. reported Q2 2026 results via an 8-K press release. The full AI analysis of the 10-Q will be generated automatically when it's filed.
EPAM Systems reported second quarter 2026 revenue of $1.415 billion, up 4.5% year-over-year, and non-GAAP diluted EPS of $3.38, an increase of 22.0%.
Revenue
$1.41B
vs est. $1.44B
Miss -1.4%EPS (non-GAAP)
$3.38
vs est. $3.21
Beat +5.4%Guidance
For the third quarter of 2026, EPAM expects revenue of $1.410 billion to $1.425 billion and non-GAAP diluted EPS of $3.38 to $3.46; for the full year, it expects revenue growth of 3.2% to 4.2% and non-GAAP diluted EPS of $13.08 to $13.24.
Source: SEC Form 8-K (Item 2.02), EX-99.1 press release. Numbers are company-reported; estimates are Finnhub analyst consensus. This is a same-day snapshot — the full AI analysis (MD&A, risks, audit opinion) is generated automatically when the 10-Q/10-K is filed.
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Drawn from management commentary in the Q1 2026 10-Q:
EPAM reported Q1 FY2026 revenues of $1.40B, up 7.6% YoY from $1.30B, indicating a continued recovery in demand for IT services and engineering solutions after prior-year headwinds.
Operating income grew 17.6% YoY to $116.8M, with operating margin expanding approximately 71 basis points to 8.34%, suggesting improved cost discipline and operating leverage despite rising SG&A expenses.
SG&A expenses increased 9.5% YoY to $239.7M, growing faster than revenue at 7.6%, which could signal rising overhead or increased investment in sales and administrative functions that may pressure margins going forward.
Revenue
$1.4B
+7.56% YoY
EPS (Diluted)
$1.52
+18.75% YoY
Operating Income
$116.77M
+17.56% YoY
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