Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €76.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the IT industry in Italy. Total loss to shareholders of 53% over the past year. Ankündigung • May 09
EPAM Systems, Inc. Provides Earnings Guidance for Second Quarter and Full Year 2026 EPAM Systems, Inc. provided earnings guidance for second quarter and full year 2026. The Company expects revenues will be in the range of $1.400 billion to $1.415 billion for the second quarter, reflecting year-over-year growth of 4.0% at the midpoint of the range; GAAP income from operations to be in the range of 9% to 10% of revenues; and expects GAAP diluted EPS will be in the range of $1.79 to $1.87 for the quarter.
The Company now expects the year-over-year revenue growth rate to be in the range of 4.0% to 6.5% for 2026 and continues to GAAP income from operations to be in the range of 10% to 11% of revenues; the company now expects GAAP diluted EPS to be in the range of $8.29 to $8.59. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$1.53 (vs US$1.29 in 1Q 2025) First quarter 2026 results: EPS: US$1.53 (up from US$1.29 in 1Q 2025). Revenue: US$1.40b (up 7.6% from 1Q 2025). Net income: US$82.5m (up 12% from 1Q 2025). Profit margin: 5.9% (up from 5.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Italy. Ankündigung • May 07
Epam Systems, Inc Showcases Production-Ready Ai-Powered Servicenow Development EPAM Systems, Inc. announced its production-ready AI capabilities for ServiceNow development at Knowledge 2026, taking place on May 5–7, 2026, in Las Vegas, NV. EPAM is already applying these capabilities in production to accelerate ServiceNow instance configuration, code management and feature delivery. EPAM has already applied these capabilities in its own production environment — accelerating instance configuration, resolving defects and delivering new features at speed. Built on Anthropic's Claude Code, EPAM's solution combines platform engineering expertise with practical AI application, positioning the company to help organizations reduce delivery friction, lower operating costs and bring new capabilities to market faster. EPAM will share demonstrations of AI-powered ServiceNow solutions, including: Implementation Analysis: Generating high-quality documentation for any existing feature, enabling teams to work effectively with client instances from day one and eliminating the need for lengthy knowledge transfers. Issue Remediation: Taking issues from bug report to live fix, reproducing issues in the Service Portal, identifying root causes in the codebase, and developing and deploying the fix. New Feature Development: Interpreting complex business requirements to build fully functional catalog items, including form design, validation rules and corresponding flows, all from a natural-language prompt. Event Management Implementation: Creating a complete Event Management implementation directly from a business requirements document and user stories. ServiceNow Upgrade Support: Accelerating upgrades by analyzing skipped records and surfacing downstream risks that humans might miss; all delivered in minutes with a comprehensive report covering deep-dive analysis details and clear recommendations. SDLC Tool Integration: Managing a complete SDLC cycle through a single prompt, from fetching Jira ticket details and understanding the issue to fixing it and closing the ticket with a detailed root cause and fix description. Media and conference attendees are invited to visit EPAM at ServiceNow Knowledge 2026, booth #5758, to see these AI-powered ServiceNow capabilities in action and learn how EPAM is helping organizations move from experimentation to production. Ankündigung • Apr 08
EPAM Systems, Inc. to Report Q1, 2026 Results on May 07, 2026 EPAM Systems, Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Ankündigung • Mar 30
EPAM Systems, Inc., Annual General Meeting, May 21, 2026 EPAM Systems, Inc., Annual General Meeting, May 21, 2026. Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: US$6.76 (vs US$7.93 in FY 2024) Full year 2025 results: EPS: US$6.76 (down from US$7.93 in FY 2024). Revenue: US$5.46b (up 15% from FY 2024). Net income: US$377.7m (down 17% from FY 2024). Profit margin: 6.9% (down from 9.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Italy. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €111, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the IT industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €179 per share. Ankündigung • Feb 19
EPAM Systems, Inc. Provides Earnings Guidance for Fourth Quarter and Full Year 2026 EPAM Systems, Inc. provided earnings guidance for Fourth Quarter and Full Year 2026. For the quarter, The Company expects revenues will be in the range of $1.385 billion to $1.400 billion for the first quarter reflecting a year-over-year increase of 7.0% at the midpoint of the range. The Company expects year-over-year revenue growth on an organic constant currency basis to be approximately 2.9% at the midpoint of the range; For the first quarter, EPAM expects GAAP income from operations to be in the range of 7.0% to 8.0% of revenues
For the year, The Company expects the year-over-year revenue growth rate to be in the range of 4.5% to 7.5% for 2026. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 3% to 6%; For the full year, EPAM expects GAAP income from operations to be in the range of 10% to 11% of revenues . Ankündigung • Feb 17
EPAM Systems, Inc. Appoints Ben Hall as Head of Empathy Lab for North America EPAM Systems, Inc. announced that to drive its North American expansion, EPAM has appointed Ben Hall as Head of Empathy Lab for North America, where he will lead growth across the U.S. and Canada. Hall brings more than 20 years of experience in leading enterprise growth at several global creative and technology organizations, including Tata Consulting Services and R/GA. Ankündigung • Jan 20
EPAM Systems, Inc. to Report Q4, 2025 Results on Feb 19, 2026 EPAM Systems, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026 Buy Or Sell Opportunity • Jan 03
Now 20% undervalued Over the last 90 days, the stock has risen 29% to €173. The fair value is estimated to be €217, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Significant insider selling over the past 3 months (€2.0m sold). Buy Or Sell Opportunity • Nov 18
Now 21% undervalued Over the last 90 days, the stock has risen 5.3% to €153. The fair value is estimated to be €194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$1.92 (vs US$2.40 in 3Q 2024) Third quarter 2025 results: EPS: US$1.92 (down from US$2.40 in 3Q 2024). Revenue: US$1.39b (up 19% from 3Q 2024). Net income: US$106.8m (down 22% from 3Q 2024). Profit margin: 7.7% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Italy. Ankündigung • Oct 23
Epam Launches AI/Run™.Transform to Accelerate AI-Native Transformation for the Enterprise EPAM Systems, Inc. announced the launch of AI/Run™. Transform Playbook -- the next-generation of integrated consulting services built with AI to boost enterprise-wide AI-native transformation. The ROI-driven Playbook leverages EPAM's industry expertise and engineering excellence to help companies accelerate their journey toward becoming AI-native enterprises, positioning them to adapt and excel in ever-changing market dynamics. The comprehensive AI/Run. Transform Playbook defines EPAM's next-gen AI Services model -- a purpose-built strategy that brings together AI-native delivery, strategic consulting and advisory teams, established technical expertise, operational excellence and partner ecosystem technologies. Unlike traditional consulting or fragmented technology deployments, EPAM's AI/Run. Transform integrates . Blueprints, .Talent and . Tools into a single, proven and repeatable playbook that combines 1) AI Business Innovation transformation at scale, and 2) AI Engineering Transformation throughout the entire product development lifecycle. It is powered by proven proprietary AI enablement blueprints that orchestrate multidisciplinary AI-native talent, augmented with agentic capabilities, AI automation and new services and commercial offerings, to ensure adoption-at-scale and to maximize and hedge AI ROI. In practice, the AI/Run. transform Playbook leverages a set of methodologies, blueprints, tools and accelerators to guide and ensure that clients' AI adoption-at-scale is both meaningful and purposeful, generating AI-native revenue faster than traditional revenue streams. It includes: AI/Run. Blueprints that leverage modular "Meet You Where You Are" frameworks and methodologies, AI/Run. Talent bringing together critical thinking, industry expertise and agentic capabilities to shape AI-native delivery teams, and AI/Run. Tools, a collection of proprietary, agentic-powered platforms and leading technology partner ecosystems to accelerate delivery and provide bespoke solutions for clients. EPAM's approach to AI-native adoption is designed to address a critical industry need: aligning technical and business strategies to equip organizations to fully realize the transformation potential of AI. According to Forrester, a research and advisory firm, "Alignment between the technical and business aspects of AI is a pre requisite to an AI strategy to ensure business readiness to use, manage, and scale toward an AI-enabled organization," excerpt from Launch Your AI Strategy from Vision to Execution, published on April 9, 2025. This new, forward-thinking approach to AI-native enterprise adoption is pushing to evolve offerings within industry, reimagine engagement and commercial models with clients and sets the foundation for the talent needs that will be vital in the upcoming years. EPAM is committed to redefining how enterprises innovate, operate and outpace their competitors in the AI era. Ankündigung • Oct 21
EPAM Systems, Inc. (NYSE:EPAM) announces an Equity Buyback for $1,000 million worth of its shares. EPAM Systems, Inc. (NYSE:EPAM) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common shares. The program will be valid for a period of 24 months. Ankündigung • Oct 07
EPAM Systems, Inc. to Report Q3, 2025 Results on Nov 06, 2025 EPAM Systems, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Recent Insider Transactions • Oct 05
Insider recently sold €1.3m worth of stock On the 2nd of October, Sergey Yezhkov sold around 10k shares on-market at roughly €129 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Ankündigung • Oct 03
Epam Systems, Inc. and Boss Unveil A Revolutionary Immersive Spatial Experience, Powered by Apple Vision Pro, That Redefines Motorsport Fandom EPAM Systems, Inc. announced its strategic collaboration with BOSS on a revolutionary immersive spatial experience, powered by Apple Vision Pro, that redefines motorsport fandom. This innovation brings fans into the adrenaline-fueled immersion and the heart of the race action. With strategy, design and execution led by EPAM and its Empathy Lab brand teams working side by side, this experience was designed to bring fans closer to the action than ever before, feeling as thrilling and authentic as being a racing driver. From precision visual targeting exercises to 3D spatial puzzles inspired by strategic race decisions, every step demands sharp focus and split-second reflexes. The experience finishes in a spectacular test lap, where the noise of the Aston Martin AMR25 surrounds fans. Launching ahead of the Formula 1®? Singapore Airlines Singapore Grand Prix 2025, the in-store activation debuts October 2 in specially designed installations at select BOSS locations across seven cities: London, Paris, Dusseldorf, Barcelona, Las Vegas, Dubai and Singapore. Ankündigung • Sep 22
EPAM Systems, Inc.(NYSE:EPAM) dropped from FTSE All-World Index (USD) EPAM Systems, Inc.(NYSE:EPAM) dropped from FTSE All-World Index (USD) Board Change • Sep 04
High number of new directors President, CEO & Director Balazs Fejes was the last director to join the board, commencing their role in the last week. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$1.56 (vs US$1.71 in 2Q 2024) Second quarter 2025 results: EPS: US$1.56 (down from US$1.71 in 2Q 2024). Revenue: US$1.35b (up 18% from 2Q 2024). Net income: US$88.0m (down 11% from 2Q 2024). Profit margin: 6.5% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Italy. Ankündigung • Jul 17
EPAM Systems, Inc. Announces Availability of DIAL in the New AWS Marketplace AI Agents and Tools Category EPAM Systems, Inc. announced the availability of DIAL in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy and deploy AI agents solutions, including EPAM's DIAL open-source GenAI enterprise platform using their AWS accounts, accelerating agent and agentic workflow development. DIAL is an agentic AI orchestration platform that helps organizations seamlessly integrate and leverage powerful large language models from AWS Bedrock, such as Anthropic Claude, within their existing workflows. The Platform not only supports agentic workflows and data-native reasoning but also addresses key structural challenges of deploying AI-at-scale in production across business functions. It also introduces new approaches to working with structured and unstructured data using AI and fosters collaboration across entire enterprises. EPAM recently announced the DIAL 3.0 Platform which embodies EPAM's commitment and broader vision for enabling enterprise AI adoption through a modular, open-source approach - one that balances innovation velocity with long-term control, interoperability and responsible governance. EPAM DIAL delivers essential capabilities including, empowering business users with intuitive QuickApps to rapidly create AI-driven solutions without coding, while providing developers with powerful CodeApps for building and deploying customized enterprise applications. These capabilities enable organizations to seamlessly integrate AI into daily workflows, driving productivity and operational efficiency-at-scale. These features enable customers to build, manage, and scale their own secure and customized AI applications, providing greater flexibility and control over their AI solutions. With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS. Ankündigung • Jul 08
EPAM Systems, Inc. to Report Q2, 2025 Results on Aug 07, 2025 EPAM Systems, Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Ankündigung • Jun 24
Epam Systems, Inc. Announces the Release of Dial 3.0 EPAM Systems, Inc. announced the release of DIAL 3.0, the next iteration of its open-source GenAI platform. More than just a platform release, DIAL 3.0 embodies EPAM's broader vision for enabling enterprise AI adoption through a modular, open-source approach - one that balances innovation velocity with long-term control, interoperability and responsible governance. As enterprises navigate an increasingly complex AI ecosystem marked by rapid model evolution, vendor consolidation and heightened compliance expectations, EPAM continues to invest in open source platforms as a foundational enabler. DIAL 3.0 is the latest expression of this philosophy--a platform designed to help clients accelerate value delivery while avoiding vendor lock-in, bridging commercial models with open innovation. Since its initial launch in 2023, DIAL has matured from an internal enablement tool into a comprehensive framework used by global clients in financial services, healthcare, insurance, consumer packaged goods, retail and more to operationalize Generative AI. With version 3.0, EPAM introduces a platform that not only supports agentic workflows and data-native reasoning but also addresses key structural challenges of deploying AI at scale in production across business functions. It also introduces new approaches to working with structured and unstructured data using AI and fosters collaboration across entire enterprises. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: US$1.29 (vs US$2.01 in 1Q 2024) First quarter 2025 results: EPS: US$1.29 (down from US$2.01 in 1Q 2024). Revenue: US$1.30b (up 12% from 1Q 2024). Net income: US$73.5m (down 37% from 1Q 2024). Profit margin: 5.6% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Italy. 
