EPAM Systems, Inc. (EPAM) earnings on May 7, 2026
More EPAM Systems, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
EPAM's stock price swung wildly after earnings, initially rising then falling sharply. The market ultimately reacted negatively despite improved future outlook.
EPAM price around the earnings
104.25
Change: -2.5%
2026-05-07, 23:58 UTC
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Positive outlook despite recent price drop; analysts expect significant gains.
Despite a significant price drop following mixed earnings, the company raised its full-year forecast. This suggests that while recent performance was bumpy, the outlook for the rest of the year is positive, with analysts expecting substantial price increases.
Context analyzed before publication
- Summary
- Mixed contexts: Strong past performance meets recent caution.
- Reasoning
- EPAM has experienced a significant price drop, but its history of beating earnings remains strong. However, recent analyst price target cuts and elevated expected volatility point to a cautious scenario.
- Playbook
- Given the recent selloff and analyst caution, a patient approach and stabilization are key factors before new investments.
- Trend
- Deep selloff into earnings, high IV, strong beat history.
Analysts
Drivers
-
Analysts
Negative
Despite a high potential upside, analysts have lowered their price targets, signaling some concern.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.79
- Analysts covering the stock
- 17
- Average price target
- 183.18
- Lowest price target
- 140
- Highest price target
- 246
- Upside to price target
- 69.4%
- Quarterly earnings growth
- 5.9%
- Revenue growth
- 12.8%
- Forward EPS
- 13.91
- Trailing EPS
- 6.72
- Analyst moves in the last 60 days
- 7
- Strong buy: 3
- Buy: 10
- Hold: 6
- Sell: 0
- Strong sell: 0
- Strong buy
- 3
- Buy
- 10
- Hold
- 6
- Sell
- 0
- Strong sell
- 0
- May 5, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- May 4, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- May 4, 2026 · Guggenheim: Maintains rating (Buy → Buy)
- April 9, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- April 6, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- March 16, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- March 16, 2026 · Needham: Reiterates rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Morgan Stanley Maintains Equal-Weight on EPAM Systems, Lowers Price Target to $148 — Benzinga
- Susquehanna Maintains Positive on EPAM Systems, Lowers Price Target to $167 — Benzinga
- Guggenheim Maintains Buy on EPAM Systems, Lowers Price Target to $200 — Benzinga
- Citigroup Maintains Neutral on EPAM Systems, Lowers Price Target to $145 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has seen a sharp decline recently, significantly underperforming the broader market.
Evidence
- Average true range (ATR)
- 3.9%
- Distance to 52-week high
- -51.4%
- 14-day change (14d)
- -17.7%
- 30-day change
- -18.9%
- 30-day relative strength
- -30.9%
- Benchmark change
- +12.0%
- Nearest support
- 107.33
- Nearest resistance
- 140.98
- Volume accumulation ratio
- 1.01
Trends
Evidence
- Average earnings surprise
- +4.3%
- February 19, 2026: actual EPS 3.26 vs estimate 3.16 (surprise +3.2%)
- November 6, 2025: actual EPS 3.08 vs estimate 3.03 (surprise +1.7%)
- August 7, 2025: actual EPS 2.77 vs estimate 2.61 (surprise +6.0%)
- May 8, 2025: actual EPS 2.41 vs estimate 2.27 (surprise +6.1%)
Expected move
Drivers
-
Past earnings
Positive
The company consistently meets or exceeds earnings expectations, which has historically supported the stock.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 8.4%
- 75th percentile move
- 12.6%
- 90th percentile move
- 15.5%
- Up / down moves
- 11 / 8
- Average up move
- +7.9%
- Average down move
- -11.3%
Monitoring and close
What EPAM Systems, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -2.4%
- Max favorable move (MFE)
- 6.8%
- Max adverse move (MAE)
- 1.9%