EPAM·EPAM Systems, Inc.
EPAM|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $3.40 | - | - |
| Q2'26 | $3.21 | $3.38 | +5.4% |
| Q1'26 | $3.10 | $2.86 | -7.8% |
| Q4'25 | $3.22 | $3.26 | +1.3% |
| Q3'25 | $3.03 | $3.08 | +1.7% |
| Q2'25 | $2.61 | $2.77 | +6.0% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $1.4B | - | - |
| Q2'26 | $1.4B | $1.4B | -1.4% |
| Q1'26 | $1.4B | $1.4B | -1.6% |
| Q4'25 | $1.4B | $1.4B | -0.7% |
| Q3'25 | - | $1.4B | - |
| Q2'25 | - | $1.4B | - |
EPAM|Monthly Returns
Market Data
EPAM Stock Snapshot
- Market cap
- 6.11B
- P/E ratio
- 15.2
- Day range
- $113.21 – $117.00
- News sentiment
- 53/100 · Neutral
- Analyst target
- $122.82 (+7.3%)
- Consensus
- Hold · 28 analysts
The setup on EPAM Systems, Inc. is patient: consolidation, not accumulation or distribution. Thinner liquidity means moves can extend past what the fundamentals alone justify.
Reverse DCF
What growth is priced into EPAM?
At today's price, EPAM Systems, Inc. needs to grow free cash flow about -10.8% a year for the next 10 years to justify its valuation at a 9.77% cost of capital. Over its actual history it has compounded free cash flow at 27.4% a year, so the market is asking for 38.2 percentage points below its own delivered rate. On that basis EPAM looks priced below what its own growth record supports.
- Implied FCF growth
- -10.8%
- Historical FCF CAGR
- 27.4%
- Growth gap
- -38.2 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 9.77%
- Beta
- 0.97
Behaviour On Record
What EPAM's own history says about today's numbers
- Realized volatility (21d)
- 39.8% 69th pct
- Below its peak
- -84.1%
- vs 200-day average
- -16.0%
- Up days (1y)
- 49%
EPAM Systems, Inc. is currently running 39.8% annualised volatility over the last 21 sessions. Measured against EPAM's own 13 years of daily returns rather than a market-wide average, that is the 69th percentile — a little above its own norm, against a typical reading of 31.3%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
EPAM is trading -84.1% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -29.2%, and the deepest was -73.4% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.
Price sits -16.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 19th percentile — a narrower gap than it typically runs. Over the past year EPAM closed higher on 49% of sessions, and it is currently 4 sessions into a falling streak.
On September specifically: over 13 years of records, EPAM finished the month higher 6 of 13 times, with a median return of -2.0% and an average of -1.0%. Its strongest month historically has been November at +8.0% on average, its weakest February at -4.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: EPAM has opened more than 2% away from the prior close in 199 of 3,268 sessions (6.1% of the time), with the largest gaps running +10.0% and -12.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
Across the last 3 dated reports on file, EPAM moved an average of 2.0% in the session after earnings, closing higher 1 of those 3 times, with a median move of -1.0% and a largest of -3.8%.
All figures computed from 3,269 daily closes between 2013-09-19 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against EPAM's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of EPAM's sector?
EPAM Systems, Inc. sits in the Technology sector, currently ranked 1st of 11 GICS sectors by relative-strength rotation score (leading).
- Sector rank
- #1 of 11
- Sector state
- Leading
- Sector rotation score
- 90
Analyst Rating Changes
Are analysts turning bullish or bearish on EPAM?
JP Morgan most recently downgraded EPAM Systems, Inc. to Neutral on Aug 26, 2026 with a price target of $120. Over the last 90 days, coverage has run 0 upgrades against 2 downgrades, a net bearish lean.
- Latest action
- JP Morgan — Neutral
- 90-day upgrades
- 0
- 90-day downgrades
- 2
- Net rating momentum
- -2
