EPAM Systems Reports Strong Second Quarter Financial Results for 2026

On August 6, 2026, EPAM Systems, Inc. (NYSE: EPAM), a prominent player in digital transformation and AI services, announced its financial results for the second quarter ending June 30, 2026. The company's revenues reached approximately $1.415 billion, marking a 4.5% increase compared to the same period last year. This revitalized momentum underscores the company's robust growth strategy and adaptability in an ever-evolving digital landscape.

Financial Highlights

- Revenue Growth: The second quarter demonstrated a year-over-year revenue rise of $61.3 million, with organic constant currency growth of 3.4%.
- Income From Operations: GAAP income from operations grew to $152.2 million, which represents a 20.4% increase, reflecting efficient operational practices against prevailing market conditions. Non-GAAP income from operations also saw a notable uptick, reaching $232.7 million.
- Earnings Per Share: GAAP diluted EPS increased to $1.97, while non-GAAP diluted EPS rose to $3.38, up by 26.3% and 22.0% respectively, compared to Q2 2025.

These financial metrics not only demonstrate EPAM's ability to drive profitability but also its commitment to strategic growth through innovative solutions. Balazs Fejes, CEO and President of EPAM, commented on the results, stating, "We have achieved better-than-expected outcomes, driven by AI-native momentum and sustained profitability improvements, showcasing our execution strength against a long-term strategy."

Strategic Investments and Shareholder Returns

EPAM continues to prioritize shareholder value, having allocated $85 million in share repurchases during the second quarter, contributing to a total of $409 million since the year began. This commitment evidences the company's confidence in its long-term growth trajectory alongside returning capital to shareholders.

Outlook for 2026

Looking ahead, EPAM expects its full-year revenue growth to fall between 3.2% to 4.2%, with organic constant currency growth projected at 2.0% to 3.0%. Additionally, the company anticipates GAAP diluted EPS between $8.22 to $8.38 and non-GAAP diluted EPS from $13.08 to $13.24 for the year. This ambitious outlook reaffirms EPAM's dedication to maintaining growth while advancing its leading position in AI and digital transformation services.

Conclusion

EPAM Systems stands out as a beacon of sustainability and innovation within the tech industry. As the company navigates through challenges and opportunities presented by the rapidly changing technological landscape, its focus on AI transformation and operational excellence lays a solid foundation for future successes. The second quarter results illustrate not only financial gains but also reinforce the strategic vision that propels EPAM forward in serving its diverse clientele.

To learn more about EPAM Systems and its initiatives, please visit www.epam.com.