EPAM Systems (EPAM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $3.38
- Estimate
- $3.14
- Surprise
- +7.6%
- Revenue (period 2026-06-30)
- $1.41B
- Score at report (before → after)
- 6.1 → 6.0/10
Revenue source: xbrl.
How the report landed
EPAM Systems (EPAM) beat the $3.14 estimate with diluted EPS of $3.38 — a clear 7.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.1/10) to Hold at 6.0/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates EPAM Hold at 5.9/10.
4 of the last 4 quarters beat the estimate; this quarter's +7.6% surprise compares with a +4.1% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+0.67)
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
- Earnings estimates trending DOWN
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $119.88
- Price target
- $137.86
- Stop
- $111.49
- Upside to target
- +15.0%
The stock trades at 15.8× trailing but 8.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 80 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
EPAM at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Information Technology Services
- Market cap
- $6.05B
- P/E (fwd)
- 8.3
- P/E (ttm)
- 15.8
- 52-week range
- $73.06–$222.53
- Off 52-week high
- 46.1%
- RSI (14)
- 80
- Volume vs avg
- 0.68×
- Score today
- 5.9/10