EPAM Systems Reports Q3 2026 Growth Driven by AI Momentum and Financial Services
EPAM Systems (EPAM) reported third-quarter revenue of $1.426 billion, a 2.3% year-over-year increase that exceeded the high end of previous guidance. The company's performance was bolstered by strong demand in the financial services and life sciences sectors, alongside significant growth in AI-native revenue, which reached $185 million (approximately 13% of total revenue) for the quarter. While software and high-tech revenue saw a decline of 6.1% due to reduced client spending on non-AI services, EPAM's overall profitability improved. Non-GAAP EPS grew 14% year-over-year to $3.51, supported by higher gross margins of 32.8%. Looking ahead, the company raised its full-year AI-native revenue guidance to a minimum of $650 million and announced plans for a $500 million accelerated share repurchase starting in November 2026.
Tickers: $EPAM
Topics: AI Revenue Financial Services Life Sciences Non-GAAP EPS Revenue Growth