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EPAM Systems EPAM Q1 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$1.4BBeat by $5.6M
EPS$2.86Beat by $0.11
Revenue estimate$1.4B
EPS estimate$2.75

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$1.4B
EPS estimate$3.14

Financials

Q1 2026

Income statement

See full
Revenue$1.4B+7.6%
Gross profit$388.0M+11.0%
Operating income$116.8M+17.6%
Net income$82.5M+12.3%
EPS (diluted)$1.52+18.8%

Balance sheet

See full
Cash & equivalents$1.0B-11.5%
Total debt$287.9M+82.1%
Total equity$3.4B-5.8%
Total assets$4.7B-0.4%

Cash flow

See full
Operating cash flow-$36.4M-250%
CapEx$17.9M+91.4%
Free cash flow-$54.2M-466%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$4.92B-48.7%
Enterprise value$4.17B-52.2%
P/E12.7×-11.2×
P/S0.9×-1.0×

Profitability

See full
Gross margin29%-1.2pp
Operating margin9.7%-1.3pp
Net margin7%-1.5pp
FCF margin9.8%+1.2pp

Returns & leverage

See full
Return on equity10.9%-0.6pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.4×

Segments

By segment

See full
Europe$604.7M+15.3%

Versus estimates

Revenue

Q1 2026$1.4BBeat by $5.6M
Q4 2025$1.4BBeat by $16.3MQ3 2025$1.4BBeat by $18.8MQ2 2025$1.4BMiss by $22.0MQ1 2025$1.3BBeat by $19.5MQ4 2024$1.2BMiss by $25.2M

Diluted EPS

Q1 2026$2.86Beat by $0.11
Q4 2025$3.26Beat by $0.10Q3 2025$3.08Beat by $0.05Q2 2025$2.77Beat by $0.16Q1 2025$2.41Beat by $0.14Q4 2024$2.84Beat by $0.09

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Questions, answered.

When did EPAM Systems report Q1 2026 earnings?
EPAM Systems (EPAM) reported Q1 2026 earnings on May 7, 2026 before market open.
What were EPAM Systems's Q1 2026 revenue and EPS?
EPAM Systems reported revenue of $1.4B and eps of $2.86 for Q1 2026.
Did EPAM Systems beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.4B by $5.6M. EPS beat the consensus estimate of $2.75 by $0.11.
How did EPAM Systems's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.6% from $1.3B a year earlier and eps grew 18.7% from $2.41.
Where can I find EPAM Systems's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001352010-26-000026) and the 10-Q periodic report (0001352010-26-000029) directly on SEC EDGAR. The filing index links above go to sec.gov.