| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.4K | 1.1% | 4.5% |
| Total Income | 1.4K | 1.1% | 4.5% |
| Expenditure | 1.3K | 1.6% | 2.9% |
| PBT | 140.55 | 16.5% | 13.6% |
| Net Profit | 102.98 | 24.8% | 17.0% |
| OPM | 10.76% | 2.42pp | 1.41pp |
| NPM | 7.28% | 1.38pp | 0.78pp |
| EPS | 1.97 | 28.8% | 26.3% |
EPAM Systems Reports Q2 2026 Results with Revenue Up 4.5% YoY
06 Aug 2026 · 6 Aug, 3:39 pm
Summary
EPAM Systems reported second quarter 2026 revenues of $1.415 billion, a 4.5% increase year-over-year. The company saw significant improvements in profitability, with GAAP income from operations rising to 10.8% of revenues and non-GAAP income from operations reaching 16.4%. Diluted EPS also saw strong growth, with GAAP EPS at $1.97 (up 26.3%) and non-GAAP EPS at $3.38 (up 22.0%). For the full year, EPAM now anticipates revenue growth between 3.2% and 4.2% and projects GAAP diluted EPS to be in the range of $8.22 to $8.38.
Key Highlights
- 1
Second quarter revenues reached $1.415 billion, marking a 4.5% increase year-over-year.
- 2
GAAP income from operations improved to 10.8% of revenues, up from 9.3% in the prior year's second quarter.
- 3
Non-GAAP income from operations increased to 16.4% of revenues, up from 15.0% year-over-year.
- 4
GAAP diluted EPS for the second quarter was $1.97, an increase of 26.3% compared to the prior year.
- 5
Non-GAAP diluted EPS for the second quarter was $3.38, an increase of 22.0% year-over-year.
- 6
EPAM now expects full-year 2026 revenue growth to be in the range of 3.2% to 4.2% year-over-year.
- 7
Full-year 2026 GAAP diluted EPS is now expected to be in the range of $8.22 to $8.38.
Management Comments
Balazs Fejes
Our second quarter results came in better than expected with continued AI-native momentum and ongoing profitability improvement, reflecting solid execution against our multi-year strategy. As we continue to expand our strategic partnerships and leverage our 30+ years of engineering DNA to build the next generation forward-deployed engineering organization, our conviction in the strategy, the team and our commercial transformation is high.
Informational and educational content only. Not investment advice.