EPAM Systems reports $1.43B Q3 revenue, expands buyback to $1.8B
Key points
- EPAM Systems (NYSE:EPAM) reported third-quarter 2026 revenue of $1.426 billion, up 2.3% year over year, while GAAP diluted EPS increased 32.5% to $2.53.
- Adjusted diluted EPS rose 14% to $3.51, and GAAP operating margin improved to 12.3% from 10.4%.
- EPAM approved a new $1.8 billion share repurchase programme and plans a $500 million accelerated buyback during the week of November 9, 2026.
EPAM Systems (NYSE:EPAM) reported third-quarter 2026 revenue of $1.426 billion, up 2.3% year over year, while GAAP diluted earnings per share increased 32.5% to $2.53.
Revenue increased by 2.5% on an organic constant-currency basis, while adjusted diluted EPS rose 14% to $3.51 from $3.08 in the prior-year quarter.
GAAP operating income increased 21.4% to $175.9 million, while non-GAAP operating income rose 7% to $238.4 million.
However, nine-month operating cash flow declined to $250.1 million from $372 million, and EPAM approved a replacement share repurchase programme of up to $1.8 billion through December 31, 2029.
EPAM forecast fourth-quarter revenue of $1.405 billion–$1.420 billion and full-year 2026 revenue growth of 3.5%–3.7%, alongside GAAP diluted EPS of $8.41–$8.49 and non-GAAP diluted EPS of $13.23–$13.31.
Following the announcement, shares rose approximately 11.74% to $153.48 in premarket trading on November 5.
EPAM provides software engineering, digital transformation, cloud computing, data analytics and technology consulting services to businesses across financial services, healthcare, retail, telecommunications and other industries.
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