Quarterly ResultAug 6, 2026, 04:08 PM
EPAM Q2 Revenue +4.5% to $1.41B; Net Income +17% to $103M
AI Summary
EPAM Systems reported a 4.5% increase in Q2 2026 revenues to $1.41 billion and a 17% rise in net income to $103 million. For the first six months of 2026, revenues grew 6.0% to $2.81 billion, with net income up 14.8% to $185.5 million. The company experienced negative cash flow from operating activities of $38.8 million in H1 2026, a significant decrease from $77.4 million provided in H1 2025, and continued its cost optimization programs and share repurchases.
Key Highlights
- Q2 2026 revenue increased 4.5% to $1.41 billion from $1.35 billion YoY.
- Q2 2026 net income rose 17.0% to $103.0 million from $88.0 million YoY.
- Basic EPS for Q2 2026 was $1.97, up from $1.56 in Q2 2025.
- Net cash used in operating activities was $38.8 million for H1 2026, compared to $77.4 million provided in H1 2025.
- Repurchased $409.0 million of common stock in H1 2026, up from $356.5 million in H1 2025.
- Financial Services revenue was $366.2 million in Q2 2026, Consumer Goods, Retail & Travel was $274.3 million.
- Expensed $5.5 million in H1 2026 for Ukraine humanitarian commitment, with $4.6 million remaining.
- Charges of $27.3 million incurred for 2025 Cost Optimization Program in H1 2026.
Price Impact
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