Quarterly ResultMay 7, 2026, 06:09 AM
EPAM Q1 Revenue $1.40B, EPS $1.52; Updates FY26 Guidance
AI Summary
EPAM Systems reported strong first-quarter 2026 results with revenues increasing 7.6% year-over-year to $1.400 billion and GAAP diluted EPS rising 18.8% to $1.52. The company also updated its full-year 2026 guidance, now expecting revenue growth of 4.0% to 6.5% and non-GAAP diluted EPS in the range of $12.98 to $13.28. EPAM continued its capital return program, repurchasing $324 million in stock during the quarter, but reported negative cash flow from operations.
Key Highlights
- Q1 2026 revenues increased 7.6% year-over-year to $1.400 billion.
- Q1 2026 GAAP diluted EPS was $1.52, an 18.8% increase year-over-year.
- Q1 2026 non-GAAP diluted EPS was $2.86, an 18.7% increase year-over-year.
- EPAM repurchased $324 million of stock in Q1 2026, including a $300 million accelerated share repurchase.
- Full-year 2026 revenue growth guidance updated to 4.0% to 6.5%.
- Full-year 2026 non-GAAP diluted EPS guidance updated to $12.98 to $13.28.
- Q2 2026 revenue guidance is $1.400 billion to $1.415 billion.
- Cash used in operating activities was $36.4 million for the first three months of 2026.