EPAM Q4 revenue up 12.8%, beats estimates

EPAM Systems

19/02/2026 11:12

Overview

Digital transformation firm's Q4 revenue rose 12.8% yr/yr, beating analyst expectations

Adjusted EPS for Q4 rose 14.8%, beating analyst expectations

Company repurchased 1.16 mln shares for $223.5 mln in Q4

Outlook

Epam expects full-year 2026 revenue growth of 4.5% to 7.5%

Company anticipates 2026 GAAP diluted EPS between $7.95 and $8.25

Epam forecasts Q1 2026 revenue between $1.385 bln and $1.400 bln

Result Drivers

AI-NATIVE REVENUES - EPAM's Q4 performance was driven by scaling and accelerating AI-native revenues, according to CEO Balazs Fejes

STRATEGIC INVESTMENTS - Continued investment in AI innovation and talent development contributed to EPAM's transformation and strategic positioning, per CEO Balazs Fejes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.41 bln
$1.39 bln (15 Analysts)
Q4 Adjusted EPS
Beat
$3.26
$3.16 (16 Analysts)
Q4 EPS
$1.98
Q4 Adjusted Income from Operations
Beat
$230 mln
$222.56 mln (15 Analysts)
Q4 Income from Operations
$149.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 $228.00, about 36% above its February 18 closing price of $167.69

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

Press Release: ID:nPn6vzxR3a

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(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.)