EPAM Systems, IncNYSE: EPAM
Information Technology · IT Consulting & Other Services
$76.31
-12.99%
Vol: 3.8M
Research Digest
Thursday, April 16, 2026
EPAM Systems raises FY 2026 guidance driven by AI revenue momentum; Citigroup cuts price target
EPAM Systems updated FY 2026 guidance on April 10, providing EPS guidance of $12.60-$12.90 (vs. consensus $11.66) and revenue guidance of $5.7-5.9B (vs. consensus $5.8B). Q4 2025 beat estimates with EPS of $3.26 and revenue of $1.41B (+12.8% YoY). AI revenue expected to reach $600M in 2026. Citigroup cut price target from $155 to $145 with Neutral rating on April 9. The stock is trading at $129.54, down 31.6% YTD. Consensus rating is Buy from 12 analysts.
Previous Market Intelligence
13 daysApr 15EPAM reports strong Q4 2025 with AI-native revenues scaling; guides 2026 Q1 at $1.385-$1.400B and full-year EPS $12.60-$12.90.Positive▶
EPAM Systems reported strong Q4 2025 results scaling AI-native revenues with CEO Balazs Fejes noting steady execution. Q1 2026 revenue guidance of $1.385-$1.400B reflects 7.0% year-over-year growth at midpoint; full-year non-GAAP EPS guidance $12.60-$12.90. Stock hit 52-week low of $125.53, down 36.6% year-to-date. TD Cowen reiterated Buy rating with $220 price target. Q1 call May 7.
Apr 14EPAM Systems raises FY 2026 guidance to $12.60-$12.90 EPS on strong Q1 beat; AI-native revenues targeting $600M+.Mixed▶
EPAM Systems raised FY 2026 guidance to $12.60-$12.90 EPS (vs. $11.66 consensus) and $5.7-$5.9B revenue. Q1 2026 EPS of $3.26 beat consensus $3.16, with revenue of $1.41B (up 12.8% YoY). Generated over $105M in AI-native revenues in Q4 2025, targeting $600M+ for 2026. Citigroup cut price target to $145 with Neutral rating. Stock down 34% YTD.
Apr 13EPAM Systems raises FY 2026 EPS guidance to $12.60-$12.90 despite governance disputes; stock down 36.6% YTD.Mixed▶
EPAM raised FY2026 EPS guidance to $12.60-$12.90 (above $11.66 consensus). Revenue guidance $5.7-$5.9B vs. $5.8B consensus. Stock down 36.6% YTD at $122.47; analysts suggest 40% upside potential. Company maintains AI-driven services focus and shareholder buyback program.
Apr 10EPAM hits 52-week low at $125.53; stock declines 33.6% in three months despite positive FY2025 results and AI revenue acceleration.Negative▶
EPAM Systems reported strong Q4 and FY2025 results highlighting scaled AI-native revenues. Q1 2026 revenue guided to $1.385-1.400B (+7.0% YoY). Stock hit 52-week low at $125.53, down 33.6% in three months. Company completed $300M accelerated share repurchase. Shares trading 36.5% below estimated fair value. Governance disputes compound investor concerns. Next earnings May 7.
Apr 9EPAM Systems reports strong Q4 2025 with AI-native revenue scaling and Q1 guidance of 7% growthPositive▶
EPAM Systems reported strong Q4 2025 and FY2025 results with steady execution and meaningful AI foundational progress for clients. Q1 2026 revenue guidance $1.385-$1.400B representing 7.0% YoY growth. Scaling and accelerating AI-native revenues. Filed preliminary proxy opposing 10% owner online special meeting rights. Q1 earnings April 7 and Q1 release May 7, 2026. Stock down 33.6% past 3 months despite strong fundamentals. Wells Fargo raised PT to $247 from $185 in January.
Apr 8EPAM Systems navigates governance disputes amid 33.6% 3-month decline; Q1 2026 earnings May 7Negative▶
EPAM Systems experiencing challenging market with 33.6% decline over three months amid governance disputes and operational challenges. Board approved $3M RSU retention grant for SVP Viktar Dvorkin. Q1 2026 earnings call scheduled May 7, 2026. Recent positive actions include $300M accelerated share repurchase and Microsoft security alignment.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6EPAM Q4 2025 beat with cautious 2026 guide; AI-native revenues accelerating.Positive▶
EPAM reported strong Q4 2025 beat with EPS $3.26 vs $3.158 consensus. FY2025 revenue $5.46B (+15.4%). Q1 2026 revenue guidance $1.385-$1.400B. FY2026 EPS $12.60-$12.90 (modest growth, pressuring stock). $600M AI revenue target for 2026. Avg Buy PT $191.18.
Apr 3No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 2EPAM Systems FY26 guidance cautious at 4.5-7.5% revenue growth; AI-native revenues hit $105M in Q4 targeting $600M+ for 2026.Mixed▶
EPAM Systems reported Q4 2025 beat but issued cautious FY26 guidance with only 4.5-7.5% revenue growth. AI-native revenues reached $105M in Q4 with $600M+ target for 2026. Stock down 33.6% over past three months. Mizuho raised price target to $200 citing AI momentum. Average 12-month target $191 with buy consensus. Company executing $300M accelerated share repurchase to signal confidence.
Apr 1EPAM Systems partners with Cursor AI; Q4 2025 EPS beat at $3.26; 2026 guidance projects 4.5-7.5% growth.Positive▶
EPAM announced partnership with Cursor for AI-powered software. Q4 2025 EPS of $3.26 beat $3.15 estimate, revenue $1.41B (up 12.8% YoY). 2026 projects $600M AI-related revenues and 4.5-7.5% revenue growth.
Mar 31EPAM entered $300M accelerated share repurchase on March 5 and raised analyst price target to $247 on AI momentum.Positive▶
EPAM Systems reported Q4 2025 results exceeding estimates but guided cautious 2026 revenue growth of 4.5-7.5% due to AI uncertainty. The company entered a $300 million accelerated share repurchase with Morgan Stanley on March 5. Wells Fargo raised target to $247 and Mizuho raised to $200. EPAM is leaning into AI with North American launch of Empathy Lab agency.
Mar 30EPAM Systems announces $300 million accelerated share repurchase and posts strong Q4 results with cautious 2026 AI guidance.Mixed▶
EPAM announced a $300 million accelerated share repurchase with Morgan Stanley on March 5. Hosted Investor Day on March 12 where Mizuho raised price target to $200. FY26 EPS guidance of $12.60-$12.90 with revenue growth of 4.5%-7.5%. Portnoy Law Firm announced investigation into possible securities fraud claims on March 20.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| IBMINTL | $249.69 | -4.83% | +10.7% | 18.5x | 0.67 | $234.1B |
| ACNACCENTURE | $126.16 | -19.14% | -28.6% | 8.6x | 1.07 | $78.8B |
| CTSHCOGNIZANT | $43.68 | -10.54% | -14.8% | 7.1x | 0.81 | $20.7B |
| ITGARTNER | $127.31 | -4.69% | -19.5% | 8.3x | 0.93 | $8.5B |
| EPAMEPAM | $76.31 | -12.99% | -26.5% | 5.4x | 1.40 | $4.0B |
| NVDANVIDIA | $210.83 | +3.02% | -5.7% | 16.6x | 2.20 | $5.10T |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.