EPAM reports Q1 revenue up 7.6%, EPS rises nearly 19%, and raises 2026 revenue and EPS outlook.

EPAM Systems announced a 7.6% increase in first quarter 2026 revenues to $1.4 billion, with GAAP diluted EPS rising 18.8% to $1.52 and non-GAAP EPS up 18.7% to $2.86. The company spent $324 million on share repurchases and expects full-year revenue growth of 4.0% to 6.5%, with GAAP EPS guidance raised to $8.29-$8.59. EPAM highlights strong execution amid evolving macroeconomic conditions and focuses on AI transformation opportunities. The outlook for Q2 anticipates revenues between $1.4 billion and $1.415 billion, with continued operational margins and EPS growth.