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EPAM Systems — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue reached $1.426 billion (+2.3% YoY), while GAAP diluted EPS rose 32.5% YoY to $2.53 and Non-GAAP diluted EPS increased 14.0% YoY to $3.51.
  • Full-year 2026 revenue growth guidance was raised to 3.5%–3.7% (vs. prior expectations), with Q4 revenue projected at $1.405 billion–$1.420 billion.
  • The Board approved a new $1.8 billion share repurchase authorization, including a $500 million accelerated share repurchase (ASR) scheduled for November 2026, alongside a commitment to return at least 50% of free cash flow to shareholders annually from 2027–2029.
  • Strategic momentum continues in AI-native strategies with the launch of Frontier AI Services, though management cites risks related to geopolitical instability in Ukraine and global capital market conditions.
Company
EPAM SYSTEMS INC
Sector
Technology
Industry
Information Technology Services