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The median of 9 price targets is $140[FMP target], stock is $99, +40.6% vs the analyst consensus median. Q1 FY26 EPS $2.86 vs $2.75 estimate: beat (+4.0%)[FMP earnings]. Stock move on D+1: -4.8%.
A — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].
Quick AnswerEPAM Systems, Inc. (EPAM) Q2 consensus: revenue $1.4B[FMP est], EPS $3.12[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q1 FY26 EPS $2.86 vs $2.75 estimate: beat (+4.0%)[FMP]. Stock move on D+1: -4.8%[FMP D+1].
Watchlist
Fy26 Revenue Guidance Revised
fy26_revenue_guidance_revised
EPAM is lowering its full year revenue growth outlook to a range of 4% to 6.5% due to higher energy prices and global economic uncertainty.
"At the same time, we are now expecting that higher energy prices and global economic uncertainty will have an impact on our revenue growth rate for the year. As a result, we are lowering our full year revenue growth outlook. Revenue growth will now be in the range of 4% to 6.5%."
- Jason Peterson, Chief Financial Officer - Q1 FY26 Earnings Call - May 7, 2026
Q2 Revenue Guidance
q2_revenue_guidance
EPAM expects revenue for Q2 2026 to be in the range of $1.4 billion to $1.415 billion, producing year-over-year growth of 4% at the midpoint of the range.
"We expect revenue to be in the range of $1.4 billion to $1.415 billion, producing year-over-year growth of 4% at the midpoint of the range."
- Jason Peterson, Chief Financial Officer - Q1 FY26 Earnings Call - May 7, 2026
Ai Native Revenue Growth
ai_native_revenue_growth
EPAM's AI native revenues exceeded $125 million in Q1, marking the fifth consecutive quarter of double-digit sequential growth.
"AI native and AI foundational revenues continued to contribute to year-over-year growth with more than $125 million AI native revenues in the quarter. This is the fifth consecutive quarter of sequential double-digit growth."
- Jason Peterson, Chief Financial Officer - Q1 FY26 Earnings Call - May 7, 2026
Share Repurchases
share_repurchases
EPAM repurchased approximately 1.8 million shares in Q1 for $264 million at an average price of $143.84 per share, returning approximately $1.5 billion in cash to shareholders to date.
"Share repurchases in the first quarter were approximately 1.8 million shares for [ $264 million ] at an average price of $143.84 per share. To date, since the initiation of our share repurchase program, we've returned approximately $1.5 billion in cash to shareholders."
- Jason Peterson, Chief Financial Officer - Q1 FY26 Earnings Call - May 7, 2026
Stock Expert AI - Methodology
Historical V1 earnings-model score (archived, May 9, 2026) — not the current MoonshotScore. Current MoonshotScore: EPAM stock page
multi-pillar methodology. News Sentiment strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 5 bullish (Ray Dalio, Jim Simons, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 0 neutral (none).
How is it calculated? ->Quality business, discounted price.
How is it calculated? ->Past Performance
Q1 FY26 (May 7, 2026) EPS $2.86 vs $2.75 estimate: beat (+4.0%)[FMP]. Stock move on D+1: -4.8%[FMP D+1].
Q1 FY26 EPS $2.86 vs $2.75 estimate: beat (+4.0%)[FMP]. Stock move on D+1: -4.8%[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $17.9M[FMP cashflow]. Q1 op margin 8.5%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Thursday evening. The framework is ready on this page: Q2 EPS threshold $3.12[FMP], CapEx threshold "below $17.9M". Two anchors, three scenarios.
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Stock Expert AI is free today — no credit card. Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This EPAM Systems, Inc. (EPAM) Q2 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
EPAM Systems, Inc. (EPAM): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
EPAM Systems, Inc. (EPAM): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
EPAM Systems, Inc. (EPAM): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.