EPAM Systems, Inc. reports news on its global digital and AI transformation services business, including custom software, product and platform engineering, integrated consulting, and enterprise technology delivery. Company updates commonly cover quarterly results, revenue outlook, operating margins, earnings measures, and capital returns through share repurchases.
EPAM news also includes AI-native service initiatives, enterprise partnerships, ServiceNow development capabilities, Microsoft-aligned security services, and recognition in European IT sourcing studies. These developments reflect the company’s focus on engineering-led transformation work for large enterprises and other technology-driven clients.
EPAM Systems (NYSE: EPAM) reported third-quarter 2026 revenue of $1.426 billion, with earnings and operating margin improving year over year. Revenue rose 2.3%, or 2.5% excluding acquisition and currency effects. GAAP diluted earnings per share rose 32.5% to $2.53, while GAAP operating margin increased to 12.3% from 10.4%. Adjusted diluted earnings per share increased 14.0% to $3.51.
EPAM approved a replacement repurchase program of up to $1.8 billion through December 31, 2029, and expects a $500 million accelerated repurchase during the week of November 9, 2026. Nine-month operating cash flow fell to $250.1 million from $372.0 million. EPAM now expects full-year revenue growth of 3.5% to 3.7% and GAAP diluted earnings per share of $8.41 to $8.49. Fourth-quarter revenue guidance is $1.405 billion to $1.420 billion, representing a year-over-year change of (0.2)% to 0.9%.
EPAM Systems (EPAM) launched a frontier AI service offering focused on training and evaluating models for complex enterprise workflows. The offering covers specialized data generation, model evaluation and reinforcement learning environments, where models learn from feedback in simulated settings.
These environments mirror enterprise systems so developers can test multi-step interactions, reasoning and tool use before production. EPAM's established AI lab partnerships include Anthropic, OpenAI, Google and Microsoft. Its training investments include nearly 10,000 Claude-certified architects, 3,000+ OpenAI-certified forward-deployed engineers and 5,000+ Gemini-certified specialists to date.
EPAM Systems (EPAM) will discuss its third quarter 2026 financial results on a conference call on November 5, 2026. The call starts at 8:00 a.m. ET, with the results released beforehand. A live webcast and a replay will be available on the company's investor relations website.
EPAM (EPAM) delivered cloud infrastructure and applications for EuroCTP, the EU's first mandated consolidated tape provider for shares and ETFs. EuroCTP has been live since September 14, 2026. EPAM co-architected and built the cloud-native part of EuroCTP's hybrid infrastructure. It also developed data-processing tools using its TimeBase database and built customer-facing portals.
Engine Capital, which reports owning about 1.5% of EPAM Systems (NYSE: EPAM), has sent a letter to EPAM’s board arguing the shares are undervalued and urging the board to initiate a $750 million accelerated share repurchase program or consider a sale process if it will not buy back stock aggressively.
EPAM (NYSE: EPAM) announced a partnership with Wiz, now part of Google Cloud, to help enterprises reduce cloud risk and improve cyber resilience across complex multi-cloud environments. EPAM joined the Wiz Partner Alliance, combining Wiz's AI Application Protection Platform with EPAM's AI-native engineering and cloud modernization capabilities.
According to EPAM, Wiz's context-based risk intelligence and Wiz Security Graph will be integrated into EPAM's modernization and security programs across Google Cloud, AWS, Microsoft Azure and other clouds. EPAM and its White Hat unit will use Wiz findings plus Wiz AI agents (Red, Green, Blue) to move clients from risk visibility to prioritized remediation and sustained cyber resilience.
EPAM (NYSE: EPAM) reported second quarter 2026 revenues of $1.415 billion, up 4.5% year-over-year and 3.4% on an organic constant currency basis. GAAP income from operations was $152.2 million, or 10.8% of revenues, while non-GAAP income from operations was $232.7 million, or 16.4% of revenues.
GAAP diluted EPS was $1.97, up 26.3%, and non-GAAP diluted EPS was $3.38, up 22.0% year-over-year. EPAM used $85 million for share repurchases in Q2 and $409 million in the first half, ending June 30 with $794.3 million in cash, cash equivalents and restricted cash.
For full-year 2026, EPAM now expects revenue growth of 3.2%–4.2% (2.0%–3.0% organic constant currency), GAAP operating margin of 10.5%–11.0%, non-GAAP operating margin of 15.5%–16.0%, GAAP diluted EPS of $8.22–$8.38 and non-GAAP diluted EPS of $13.08–$13.24.
EPAM (NYSE: EPAM) has joined the OpenAI Partner Network as an OpenAI Advanced Partner to help global enterprises implement safer, scalable AI solutions. EPAM’s forward-deployed engineers will integrate OpenAI’s frontier models into clients’ applications, data and workflows while addressing security, governance and regulatory requirements.
According to EPAM, the companies will create specialized training to certify more than 5,000 consultants with 10,000+ credentials in the first year and support Global 2000 firms in moving from AI pilots to production, as illustrated by an enterprise-scale deployment for telecom provider 1&1.
EPAM (NYSE: EPAM) scheduled its second quarter 2026 earnings conference call for 8:00 a.m. ET on Thursday, August 6, 2026. A news release with financial results will be issued before the call, which will be webcast live on the company’s investor relations website.
EPAM (NYSE: EPAM) was named the 2026 Databricks Consulting & Systems Integrator AI Partner of the Year at the Data + AI Summit. The award highlights EPAM's role in helping enterprises across healthcare, retail, consumer goods, manufacturing and media operationalize Databricks-based AI, shorten decision cycles and build governed, conversational intelligence.