EPAM Q3 revenue beats estimates, announces new $1 bln share repurchase plan

EPAM Systems

06/11/2025 11:09

Overview

Epam Q3 revenue grows 19.4% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

Company announces new $1 bln share repurchase plan

Outlook

EPAM raises full-year revenue guidance to $5.430 bln-$5.445 bln, reflecting 15.0% growth

Company increases full-year GAAP EPS forecast to $6.75-$6.83

EPAM expects Q4 revenue of $1.380 bln-$1.395 bln, 11.1% growth at midpoint

Result Drivers

AI TRANSFORMATION - Revenue growth driven by engineering expertise and focus on AI transformation, per CEO Balazs Fejes

SHARE REPURCHASE - Company repurchased $82.1 mln of stock in Q3 and announced new $1 bln repurchase plan

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$1.39 bln
$1.38 bln (13 Analysts)
Q3 Adjusted EPS
Beat
$3.08
$3.02 (14 Analysts)
Q3 EPS
$1.91
Q3 Adjusted Income from Operations
Slight Beat*
$222.80 mln
$220.60 mln (12 Analysts)
Q3 Income from Operations
$144.90 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Epam Systems Inc is $210.00, about 23.4% above its November 5 closing price of $160.91

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn2yjf5a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)