EPAM stock dips from recent rally as Q2 2026 earnings beat estimates

EPAM Systems stock (ISIN US29414B1044) most recently closed at USD 114.00 on the New York Stock Exchange on September 19, 2026, after a volatile session that left the shares down 2.65 percent for the day but still up 48.75 percent over the past three months and 6.17 percent over the past month, according to data referenced by MarketBeat on September 20, 2026.

Recent earnings and margin performance

Fundamentally, EPAM Systems delivered solid results in the second quarter of fiscal 2026, with revenue of USD 1.41 billion and earnings of USD 102.98 million for Q2 FY26, implying a profit margin of 7.28 percent, as shown in the quarterly overview on Yahoo Finance.

According to the same Q2 FY26 snapshot on Yahoo Finance, EPAM reported normalized earnings per share of USD 3.38 in Q2 FY26, compared with a consensus estimate of USD 3.14, meaning the company beat expectations by USD 0.24 per share in the quarter.

Analyst consensus and valuation context

Analyst coverage on EPAM Systems remains active, with a consensus rating of Hold and an average price target of USD 116.47 based on 17 analysts and a mix of 6 buy, 10 hold and 1 sell recommendations, as summarized by MarketBeat on September 20, 2026.

The current consensus price target of USD 116.47 stands only about 2.2 percent above the recent closing price of USD 114.00 on September 19, 2026, suggesting that analysts see limited near term upside from the level at which EPAM Systems stock is trading, according to the same overview on MarketBeat.

Stock performance, 52-week range and upcoming date

In terms of longer term performance, EPAM Systems shares have decreased by 44.1 percent from a prior peak and are now trading at around USD 114.63, with the stock having moved in a 52-week range between USD 73.06 and USD 222.53, placing the current level well above the low but far below the high of the past year, as outlined by MarketBeat on September 20, 2026.

Per the same data set on MarketBeat, EPAM Systems currently carries a market capitalization of about USD 5.91 billion as of September 20, 2026, which means investors are valuing the company at slightly more than four times its annualized Q2 FY26 revenue run rate.

EPAM stock level and volatility

Looking at trading metrics, EPAM Systems stock last changed hands at USD 114.00 on the New York Stock Exchange at the close on September 18, 2026, representing a 2.65 percent decline for that trading day, as detailed in price data on TradingView.

According to the same overview on TradingView, EPAM Systems stock currently shows a volatility measure of 3.44 and a beta coefficient of negative 0.02, indicating that the shares have recently fluctuated more than the broader market while showing only a minimal and slightly inverse correlation to major indices.

Upcoming Q3 2026 earnings date

For investors tracking catalysts, EPAM Systems is scheduled to publish its next earnings report on October 29, 2026, as noted in the corporate events section of TradingView, which would likely cover the company's performance for the third quarter of fiscal 2026.

EPAM stock price as of the last close

As of the last completed trading day before publication, EPAM Systems stock closed at USD 114.00 on the New York Stock Exchange on September 19, 2026, with the shares sitting roughly 52 percent below the 52-week high of USD 222.53 but about 56 percent above the 52-week low of USD 73.06, based on data compiled up to September 20, 2026.

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