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Epam Systems (EPAM) guidance and outlook
Epam Systems (EPAM) raised some and lowered other parts of its guidance on Nov 5, 2026: Revenue +3.5% to +3.7% for FY2026; EPS $8.41–$8.49 for FY2026; EPS $13.23–$13.31 for FY2026; Tax rate 27% for FY2026. Epam Systems' 10-Q filed Nov 5, 2026 makes 4 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +3.5% to +3.7% | lowered |
| Revenue | FY2026 | +2.5% to +2.7% | new |
| EPS | FY2026 | $8.41–$8.49 | raised |
| EPS | FY2026 | $13.23–$13.31 | raised |
| Tax rate | FY2026 | 27% | reaffirmed |
| Tax rate | FY2026 | 24% | reaffirmed |
| Revenue | Q4 2026 | $1.4B | new |
| Revenue | Q4 2026 | +0.5% to +1.6% | new |
| Tax rate | Q4 2026 | 26% | new |
| Tax rate | Q4 2026 | 24% | new |
| EPS | Q4 2026 | $2.43–$2.51 | new |
| EPS | Q4 2026 | $3.50–$3.58 | new |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- Some of these expenses continued during this year and we expect some of these expenses will continue to occur in subsequent quarters for some time in the future.
- The principal components of our cost of revenues (exclusive of depreciation and amortization) are salaries, bonuses, fringe benefits, stock-based compensation, project-related travel costs and fees for subcontractors who are assigned to client projects.
- Our employees are a critical asset, necessary for our continued success and therefore we expect to continue hiring talented employees and providing them with competitive compensation programs.
- In determining our interim provision for income taxes, we use an estimated annual effective tax rate, which is based on expected annual profit before tax, statutory tax rates and tax planning opportunities available in the various jurisdictions in which we operate.
Epam Systems' latest quarter
Epam Systems, Q3 2026: revenue $1.4B (+2% year over year), operating margin 12.3%, net earnings $130M, operating cash flow $289M. The chart follows the revenue to costs, profit and cash.
Questions
Did Epam Systems raise or lower its guidance?
Epam Systems (EPAM) raised some and lowered other parts of its guidance on Nov 5, 2026: Revenue +3.5% to +3.7% for FY2026; EPS $8.41–$8.49 for FY2026; EPS $13.23–$13.31 for FY2026; Tax rate 27% for FY2026.
What does Epam Systems expect?
Some of these expenses continued during this year and we expect some of these expenses will continue to occur in subsequent quarters for some time in the future. The principal components of our cost of revenues (exclusive of depreciation and amortization) are salaries, bonuses, fringe benefits, stock-based compensation, project-related travel costs and fees for subcontractors who are assigned to client projects. Our employees are a critical asset, necessary for our continued success and therefore we expect to continue hiring talented employees and providing them with competitive compensation p
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.