Quarterly ResultAug 6, 2026, 06:10 AM
EPAM Q2 Revenue $1.415B, GAAP EPS $1.97, Non-GAAP EPS $3.38
AI Summary
EPAM Systems, Inc. announced strong second quarter 2026 results, with revenues increasing 4.5% year-over-year to $1.415 billion. Both GAAP and non-GAAP diluted EPS saw significant increases, rising 26.3% to $1.97 and 22.0% to $3.38, respectively. The company also improved its profitability, with GAAP income from operations reaching 10.8% of revenues and non-GAAP income from operations at 16.4%. EPAM continued its capital return program, repurchasing $85 million in shares during the quarter, and updated its full-year 2026 guidance, expecting revenue growth of 3.2% to 4.2% and non-GAAP diluted EPS in the range of $13.08 to $13.24.
Key Highlights
- Second quarter revenues reached $1.415 billion, up 4.5% year-over-year.
- Second quarter GAAP diluted EPS was $1.97, an increase of 26.3% year-over-year.
- Second quarter non-GAAP diluted EPS was $3.38, an increase of 22.0% year-over-year.
- GAAP income from operations increased to 10.8% of revenues from 9.3% year-over-year.
- Non-GAAP income from operations increased to 16.4% of revenues from 15.0% year-over-year.
- EPAM spent $85 million on share repurchases in Q2, totaling $409 million year-to-date.
- Full-year 2026 revenue growth is now expected to be 3.2% to 4.2%.
- Full-year 2026 non-GAAP diluted EPS is now expected to be $13.08 to $13.24.
Price Impact
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