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EPAM Systems EPAM Q2 2026 earnings

Reported August 6, 2026 · Before market open

Revenue$1.4BBeat by $7.2M
EPS$3.38Beat by $0.22
Revenue estimate$1.4B
EPS estimate$3.16
Our second quarter results came in better than expected with continued AI-native momentum and ongoing profitability improvement, reflecting solid execution against our multi-year strategy. As we continue to expand our strategic partnerships and leverage our 30+ years of engineering DNA to build the next generation forward-deployed engineering organization, our conviction in the strategy, the team and our commercial transformation is high.
Balazs Fejes

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$1.4B
EPS estimate$3.41

Financials

Q2 2026

Income statement

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Revenue$1.4B+4.5%
Gross profit$429.6M+10.3%
Operating income$152.2M+20.4%
Net income$103.0M+17.0%
EPS (diluted)$1.97+26.3%

Balance sheet

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Cash & equivalents$794.3M-24.1%
Total debt$152.2M-6.4%
Total equity$3.5B-4.1%
Total assets$4.6B-2.9%

Cash flow

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Operating cash flow-$2.4M-105%
CapEx$15.2M+54.8%
Free cash flow-$17.6M-141%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$6.37B-26.0%
Enterprise value$5.73B-25.8%
P/E15.9×-5.6×
P/S1.1×-0.6×

Profitability

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Gross margin29.4%-0.6pp
Operating margin10%-0.6pp
Net margin7.2%-0.8pp
FCF margin8.6%+0.5pp

Returns & leverage

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Return on equity11.2%-0.2pp
Debt / equity0.0×
Current ratio2.8×-0.4×

Segments

By segment

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Europe$622.5M+10.0%

FAQ

When did EPAM Systems report Q2 2026 earnings?
EPAM Systems (EPAM) reported Q2 2026 earnings on August 6, 2026 before market open.
What were EPAM Systems's Q2 2026 revenue and EPS?
EPAM Systems reported revenue of $1.4B and eps of $3.38 for Q2 2026.
Did EPAM Systems beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.4B by $7.2M. EPS beat the consensus estimate of $3.16 by $0.22.
How did EPAM Systems's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.5% from $1.4B a year earlier and eps grew 22.0% from $2.77.
Where can I find EPAM Systems's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001352010-26-000043) and the 10-Q periodic report (0001352010-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.