EPAM Systems (NYSE: EPAM) — Research Report as of 2026-08-14

Recent Catalysts (Last ~1–3 Months)

The dominant recent catalyst is EPAM's Q2 2026 earnings release on August 6, 2026 [7][21]. The company reported non-GAAP EPS of $3.38, beating the Street consensus of ~$3.14–$3.21 by approximately 5–7% [1][5][6]. Revenue came in at $1.41 billion, up 4.5% year-over-year from $1.35 billion in Q2 2025 [5]. Despite the EPS beat, shares plunged approximately 22% on the report, driven by weak North American growth and a lowered full-year revenue guidance [1].