EPAM

EPAM

EPAM Systems, Inc.

Company Information

SectorTechnology
IndustryInformation Technology Services
Market Cap$8.22B
Analysts Rating2.5/5

Recommendation Details

PortfolioMegacap
DateNov 12, 2026
ForecastQ Daily Probabilities
36.1%
56.4%
26.9%

Company Description

EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems. Infrastructure Management: Covering the full lifecycle of software development, rigorous testing, and ongoing maintenance across private, public, and mobile infrastructures. This includes overseeing operations for applications, databases, networks, servers, storage, and broader systems management, alongside proactive monitoring, incident notification, and rapid resolution. Maintenance and Support: Ensuring the sustained performance and reliability of client systems. Operational Enhancement: Delivering solutions that streamline processes through integrated engineering practices and intelligent automation. Optimization Services: Focused on quality assurance, these include advanced software application testing, meticulous test management, automated testing, and consulting to elevate clients' existing QA practices. They also provide specialized testing to uncover potential threats and fortify business systems against information loss and cyber vulnerabilities. Consulting and Advisory: Offering expert guidance across various domains such as business strategy, user experience, technology roadmaps, data analytics, and technical advisory. Design and Innovation: Crafting digital and service design solutions, encompassing strategic planning, creative execution, and program management. Additionally, EPAM drives physical product development, leveraging cutting-edge technologies like artificial intelligence (AI), robotics, and virtual reality (VR). EPAM caters to a diverse global clientele across numerous sectors, including financial services, travel and consumer goods, software and high-tech, business information and media, and the life sciences and healthcare industries. Established in 1993, the company maintains its headquarters in Newtown, Pennsylvania.

Recent News & Events

Q3 beat with raised guidance, a $1.8B buyback authorization and an imminent $500M accelerated share repurchase, plus a fresh Mizuho price target hike, create a net positive near-term setup.

POSITIVENov 5, 2026
Earnings Report

Q3 2026 beat with raised full-year guidance

EPAM reported Q3 revenue of $1.426B (up 2.3% YoY, 2.5% organic constant currency) and non-GAAP EPS of $3.51, beating the $3.40 consensus, with GAAP operating margin expanding to 12.3% from 10.4%. Full-year revenue growth guidance was raised to 3.5%-3.7% and non-GAAP EPS to $13.23-$13.31. Shares rose ~5% pre-market on the release, and positive follow-through persisted into the following week.

EPAM Investor Relations (Press Release)
POSITIVENov 5, 2026
Buyback Authorization / Capital Return

$1.8B buyback authorization and $500M accelerated share repurchase

The Board approved a new $1.8B repurchase program (replacing the prior authorization) and EPAM plans to enter a $500M accelerated share repurchase during the week of November 9, 2026, funded with cash and credit facility borrowings. The company also committed to returning at least 50% of free cash flow to shareholders annually from 2027-2029. The ASR execution is imminent and mechanically supports the stock via reduced share count and confidence signaling.

EPAM Investor Relations (Press Release)
POSITIVENov 11, 2026
Analyst Price Target Raise

Mizuho raises PT to $181, maintains Outperform

Mizuho lifted its EPAM price target to $181 from $130 while keeping an Outperform rating, citing three large AI-led deal wins expected to ramp in H1 2027 and AI-native revenue momentum, and raised its 2027 organic constant currency growth expectations. A large PT increase from a credible bank reinforces positive sentiment and can attract incremental buyers.

Investing.com
POSITIVENov 10, 2026
Post-Earnings Momentum / Sentiment

Continued positive reaction to Q3 and larger buyback

EPAM rose ~4.7% on November 10 as investors continued to digest the strong Q3 profitability, raised outlook, and enlarged repurchase plan with the planned accelerated buyback. Ongoing follow-through buying suggests sustained near-term positive momentum, though it also raises the risk of consolidation after the move.

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