EPAM
EPAM Systems, Inc.205.85
-6.29-2.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guidance headwinds detailed
Q&A clarified 2026 guidance conservatism, attributing a 100bps organic growth headwind to NEORIS' largest client's mid-single-digit Q1 ramp-down versus Q4, isolating stronger underlying momentum elsewhere. Analysts pressed on sales cycle elongation from larger AI programs and Q1 budget finalization, which management said shapes the year but doesn't dent the full-year 3-6% organic range. Incremental details included low-single-digit pricing gains, fixed-price mix at 20.2% (rising further), no AI productivity pressure on rates, and near-term buyback focus over scaled M&A. Gross margins to improve via execution and price. Q&A reaffirmed AI bullishness. Watch deal ramps and AI native hitting $600M+.
Key Stats
Market Cap
11.47BP/E (TTM)
31.43Basic EPS (TTM)
6.55Dividend Yield
0%Recent Filings
8-K
EPAM's AI strategy, 2026 guidance
EPAM hosted its 2026 Investor Day on March 12, unveiling AI-native transformation strategy, 2025 revenue of $5.457B (up 15.4% YoY), and guidance for $5.703B–$5.866B in 2026 with non-GAAP operating margins hitting 15–16%. Engineering depth widens AI moat. Growth accelerates via AI services. Risks lurk in forward-looking assumptions.
8-K
EPAM launches $300M ASR
EPAM Systems inked a $300 million accelerated share repurchase with Morgan Stanley on March 4, 2026, under its $1.0 billion board authorization from October 2025. It pays upfront for 1,703,336 initial shares ($240 million at close), with final tally by Q2 2026 based on VWAP less discount. Funded by cash and credit. Remaining authorization: $452.5 million.
10-K
FY2025 results
EPAM Systems posted FY2025 revenues of $5.457 billion, up 15.4% y/y, fueled by Q4 2024 acquisitions like NEORIS and First Derivative that added 9.2% to the topline while organic growth and FX lifted the rest. Yet operating income slipped to $520 million (9.5% margin) from $545 million (11.5%), as compensation hikes and lower Polish R&D incentives outpaced pricing in a tough macro. Americas revenues hit $3.2 billion (+12.9% y/y), EMEA surged 19.7%; Q4 buybacks tallied $1.2 million shares for $776 million remaining authorization. Cash swelled to $1.3 billion with $675 million revolver headroom. Geopolitical risks in Ukraine threaten delivery continuity.
8-K
EPAM Q4 revenue up 12.8%
EPAM reported Q4 2025 revenues of $1.408 billion, up 12.8% year-over-year, with non-GAAP operating margin at 16.3%. Full-year revenues hit $5.457 billion, up 15.4%, yet GAAP EPS fell 14.3% to $6.72 amid cost pressures. Shares repurchased: $660.6 million. Guides 2026 revenue growth at 4.5%-7.5%. Organic growth slowed to 5.6%.
8-K
EPAM schedules Investor Day
EPAM announced an Investor Day on March 12, 2026, in Boston to showcase progress on strategic priorities and outline AI-driven growth through 2026 and beyond. CEO Balazs Fejes highlighted EPAM's AI-native engineering positioning it for durable growth amid clients' transformation wave. Presentations feature execs, clients, and AI demos. Forward-looking statements carry risks from geopolitics and economy.
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