Revenue Growth Driven by Improving Demand and FX
Total revenues increased 4.5% in Q2 2026, positively impacted by improving demand for services and a 1.1% tailwind from foreign currency fluctuations.
EPAM Systems, Inc. is expected to release its Q3 2026 10-Q filing on November 4, 2026, before market open. Last quarter: EPAM Systems reported a 4.5% revenue increase and margin expansion in Q2 FY2026, driven by improving demand and cost optimization, though operating cash flow fell negative amid working capital pressures.
EPS Estimate
$3.52
Revenue Estimate
$1.48B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the EPAM page.
Drawn from management commentary in the Q2 2026 10-Q:
Total revenues increased 4.5% in Q2 2026, positively impacted by improving demand for services and a 1.1% tailwind from foreign currency fluctuations.
Operating margin rose to 10.8% from 9.3% a year ago, largely due to cost optimization initiatives that reduced compensation expense as a percentage of revenue.
Europe segment revenue grew 10.0% (8.5% in constant currency), with Financial Services up 8.4% and Life Sciences surging 45.1% year-over-year, driven by new and existing client demand in pharmaceuticals and asset management.
Revenue
$1.41B
+4.53% YoY
EPS (Diluted)
$1.97
+26.28% YoY
Operating Income
$152.22M
+20.36% YoY
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