EPAM Systems reported second quarter 2026 revenues of $1.415 billion, a 4.5% year-over-year increase, with GAAP diluted EPS rising 26.3% to $1.97 and non-GAAP diluted EPS increasing 22.0% to $3.38. The company spent $85 million on share repurchases during the quarter, bringing total buybacks for the first half of 2026 to $409 million. EPAM updated its full-year guidance, now expecting revenue growth between 3.2% and 4.2%, with GAAP diluted EPS projected at $8.22 to $8.38 and non-GAAP diluted EPS at $13.08 to $13.24. Third quarter revenue is expected to range from $1.410 billion to $1.425 billion, reflecting 1.7% growth at the midpoint. EPAM Systems operates in the technology industry, providing digital and AI transformation engineering services.

At its 2026 Annual Meeting, EPAM Systems stockholders approved increasing the 2025 Long Term Incentive Plan by 4,000,000 shares and the 2021 Employee Stock Purchase Plan by 650,000 shares. Shareholders also approved an amendment to the company's charter to allow stockholders to call special meetings and elected four Class II directors.

EPAM Systems, Inc. issued a press release and infographic on May 7, 2026, announcing its results of operations for the first quarter ended March 31, 2026. The specific financial figures for the quarter are contained in the attached exhibits rather than the body of the report.

EPAM Systems, Inc. approved a $3,000,000 grant of restricted stock units to Viktar Dvorkin, Senior Vice President and Global Head of Advanced Engineering, Cloud & Enterprise Platforms, effective March 31, 2026. The grant is intended to serve as a long-term incentive to retain Mr. Dvorkin as an executive of the company.

EPAM Systems, Inc. held its 2026 Investor Day on March 12, 2026, featuring presentations from CEO Balazs Fejes, CFO Jason Peterson, and other members of the leadership team. The company furnished selected presentation slides as an exhibit to this report to comply with Regulation FD disclosure requirements.

EPAM Systems, Inc. entered into a $300 million accelerated share repurchase agreement with Morgan Stanley on March 4, 2026. This transaction is being executed under the company's existing $1.0 billion share repurchase authorization approved in October 2025. The company expects an initial delivery of 1,703,336 shares, valued at approximately $240 million based on the closing price of the common stock.