EPAM Systems third quarter 2026 revenue of $1.43B beats estimates with a $1.8B buyback expansion

EPAM Systems reported third quarter 2026 results that exceeded analyst expectations for both revenue and earnings. Total revenues reached $1.426 billion, supported by an organic constant currency growth rate of 2.5%. Alongside the results, the company significantly ramped up its capital return profile, increasing its buyback authorization and announcing a planned $500 million accelerated share repurchase for next week.

Key Highlights

• Revenue of $1.426 billion beat the consensus estimate of $1.42 billion, representing 2.3% year-over-year growth.
• Non-GAAP diluted EPS reached $3.51, up 14.0% compared to the prior year and surpassing the $3.41 estimate.
• The Board authorized an incremental $1.5 billion for share repurchases, bringing the total program to $1.8 billion through 2029.
• Full-year 2026 revenue growth guidance was narrowed to a range of 3.5% to 3.7%, with non-GAAP EPS expected between $13.23 and $13.31.