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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for EPAM Systems (EPAM) is 8/10.
EPAM delivered Q1 2026 revenue of $1.4 billion at the high end of guidance with 7.6% year-over-year growth, while non-GAAP EPS surged 18.7% to $2.86 on improving margins. AI-native revenue exceeded $125 million with strong sequential growth, and the company announced a strategic partnership with Anthropic. Revenue guidance was lowered from 4.5-7.5% to 4-6.5% on North America underperformance, but EPS guidance was raised to $12.98-$13.28 as margin expansion outpaced the top-line softness.
Scored from EPAM Systems’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.25B | +7.9% | $1.80 | +8.4% | 10.9% | 8.3% | $115M |
| FY2025 Q1 | $1.30B | +11.7% | $1.28 | -35.0% | 7.6% | 5.6% | $15M |
| FY2025 Q2 | $1.35B | +18.0% | $1.56 | -8.2% | 9.3% | 6.5% | $43M |
| FY2025 Q3 | $1.39B | +19.4% | $1.91 | -19.4% | 11.2% | 7.7% | $286M |
| FY2025 Q4 | $1.41B | +12.8% | $1.98 | +10.0% | 10.6% | 7.8% | $268M |
| FY2026 Q1 | $1.40B | +7.6% | $1.52 | +18.8% | 8.5% | 5.9% | $-54M |
| FY2026 Q2 | $1.41B | +4.5% | $1.97 | +26.3% | 10.8% | 7.3% | $-72M |