EPAM Q2 Revenue Hits $1.41B, Shares Dip 2.65% to $114
EPAM Systems reported Q2 revenue of $1.41B and EPS of $3.38, beating estimates, yet shares fell 2.65% on September 19.
Key points
- EPAM Systems reported Q2 FY26 revenue of $1.41B and EPS of $3.38, beating the $3.14 consensus estimate.
- Shares closed at $114.00 on Sept 19, down 2.65% for the day but up 48.75% over three months.
- Analysts hold an average price target of $116.47, implying only 2.2% potential upside from current levels.
EPAM Systems closed at $114.00 on the New York Stock Exchange on September 19, 2026, marking a 2.65% daily decline. The drop occurred despite the company reporting second-quarter fiscal 2026 revenue of $1.41 billion and earnings of $102.98 million. These figures translate to a profit margin of 7.28% for the period.
The stock remains elevated compared to longer-term levels, sitting 48.75% above its value from three months ago and 6.17% higher than the previous month. However, shares are still 44.1% below their prior peak. The current market capitalization stands at approximately $5.91 billion as of September 20, 2026.
Earnings beat consensus estimates
EPAM delivered normalized earnings per share of $3.38 in the second quarter of fiscal 2026. This result exceeded the consensus estimate of $3.14 by $0.24. The company’s performance in this quarter demonstrated stronger profitability than anticipated by market observers.
The firm currently trades at a valuation slightly above four times its annualized Q2 revenue run rate. This positioning reflects the market's assessment of the IT services provider’s growth trajectory relative to its immediate financial output. The stock’s 52-week range spans from $73.06 to $222.53.
Analyst views limit upside
MarketBeat data indicates a consensus Hold rating from 17 analysts. The group comprises six buy recommendations, ten holds, and one sell. The average price target is set at $116.47, which is only 2.2% above the recent closing price. This narrow margin suggests limited perceived near-term upside from current trading levels.
Next report scheduled for October
EPAM Systems is scheduled to publish its next earnings report on October 29, 2026. This disclosure will cover the company’s performance for the third quarter of fiscal 2026. Investors will look to this event for updated guidance and operational metrics.
Trading metrics show a volatility measure of 3.44 and a beta coefficient of -0.02. These figures indicate that the shares have fluctuated more than the broader market recently. The slight negative beta suggests a minimal inverse correlation to major indices during this period.
