EPAM Systems Inc

EPAM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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EPAM Earnings: Softness in North America and Software Overshadows Cost Discipline

Luke Yang

Aug 6, 2026

EPAM's second-quarter revenue grew 3% year over year in constant currency. GAAP operating margin improved by 150 basis points to 10.8%. Management's revision of full-year revenue growth outlook to 3.2%-4.2% from 4.0%-6.5% sent shares down 14% in intraday trading.

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EPAM Systems Inc

EPAM Earnings: Softness in North America and Software Overshadows Cost Discipline

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