Quarterly ResultMay 7, 2026, 04:09 PM
EPAM Q1 Revenue +7.6% to $1.40B; Net Income +12.3% to $82.5M
AI Summary
EPAM Systems reported a 7.6% increase in Q1 2026 revenue, reaching $1.40 billion, with net income rising 12.3% to $82.5 million and diluted EPS growing 18.8% to $1.52. However, the company experienced a significant shift to negative operating cash flow of $36.4 million and a substantial increase in long-term debt to $165.0 million. EPAM also repurchased $324.0 million in common stock during the quarter, alongside ongoing cost optimization programs.
Key Highlights
- Revenue increased 7.6% to $1.40 billion for the three months ended March 31, 2026.
- Net income rose 12.3% to $82.5 million for the three months ended March 31, 2026.
- Diluted EPS grew 18.8% to $1.52 for the three months ended March 31, 2026.
- Net cash used in operating activities was $36.4 million, a shift from $24.2 million provided in prior year.
- Long-term debt increased significantly to $165.0 million from $25.0 million at December 31, 2025.
- The company repurchased $324.0 million of common stock during the quarter.
- EMEA revenue grew 15.9% to $576.0 million, while Americas revenue increased 2.5% to $799.5 million.
Price Impact
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