EPAM Systems (NYSE: EPAM) reported Q1 EPS of $2.86, $0.11 better than the analyst estimate of $2.75. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.39 billion.

GUIDANCE:

EPAM Systems sees FY2026 EPS of $12.98-$13.28, versus the consensus of $12.75.
The Company now expects the year-over-year revenue growth rate to be in the range of 4.0% to 6.5% for 2026 and now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.5% to 5.0%;

For the full year, EPAM continues to expect GAAP income from operations to be in the range of 10% to 11% of revenues and non-GAAP income from operations to be in the range of 15% to 16% of revenues;

The Company now expects its GAAP effective tax rate to be approximately 27% and continues to expect its non-GAAP effective tax rate to be approximately 24%; and

For earnings history and earnings-related data on EPAM Systems (EPAM) click here.