EPAM Reports Strong Q4, Authorizes Significant Share Repurchase, Guides for 2026 Non-GAAP EPS Growth
EPAM is trading near its 52-week low of $138.145 (8.6% above the low).
Summary
EPAM Systems reported strong fourth-quarter results and a significant share repurchase authorization, alongside mixed full-year 2025 performance and a cautious 2026 revenue growth outlook.
Key Events · Earnings and Guidance · EPAM
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Strong Fourth Quarter 2025 Performance
Revenues increased 12.8% year-over-year to $1.408 billion, with non-GAAP diluted EPS rising 14.8% to $3.26.
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Significant Share Repurchase Program
The company repurchased $223.5 million of common stock in Q4 2025, with $776.5 million remaining under its current authorization.
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Mixed Full Year 2025 Results
Full year revenues grew 15.4% to $5.457 billion and non-GAAP diluted EPS increased 5.9% to $11.50, but GAAP diluted EPS decreased 14.3% to $6.72.
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2026 Outlook Provided
EPAM expects full-year 2026 revenue growth between 4.5% and 7.5% and non-GAAP diluted EPS in the range of $12.60 to $12.90.
Analysis · EPAM · Technology
EPAM Systems delivered strong fourth-quarter results, with notable increases in revenue and non-GAAP diluted EPS. The company also announced a substantial remaining share repurchase authorization, signaling management's confidence and commitment to shareholder value. While full-year 2025 GAAP diluted EPS declined, non-GAAP diluted EPS saw growth, and the company projects continued non-GAAP EPS growth for 2026. However, the guidance for 2026 revenue growth indicates a slowdown compared to 2025, which could temper investor enthusiasm. Investors will be watching how the company navigates this slower growth environment while continuing its strategic investments in AI.
At the time of this filing, EPAM was trading at $150.00 on NYSE in the Technology sector, with a market capitalization of approximately $9.3B. The 52-week trading range was $138.15 to $269.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.