EPAM Systems — Third Quarter 2026 Earnings Summary

EPAM Systems reported third-quarter 2026 revenues of $1.426 billion, representing a 2.3% year-over-year increase, with GAAP diluted earnings per share rising to $2.53 and non-GAAP diluted EPS reaching $3.51. The company expanded its operating margins, with GAAP income from operations increasing to 12.3% of revenue and non-GAAP income from operations reaching 16.7%. EPAM announced an increased share repurchase authorization of $1.5 billion, bringing the total remaining authorization to $1.8 billion, and plans to execute a $500 million accelerated share repurchase in the fourth quarter. For the full year 2026, the company revised its outlook to expect revenue growth between 3.5% and 3.7%, with GAAP diluted EPS projected in the range of $8.41 to $8.49 and non-GAAP diluted EPS between $13.23 and $13.31.