EPAM Q1 revenue rises 7.6% to $1.400 billion; GAAP diluted EPS up 18.8% to $1.52
EPAM reported first-quarter 2026 revenue of $1.400 billion, up 7.6% from a year earlier, with GAAP diluted EPS of $1.52 and non-GAAP diluted EPS of $2.86, both up about 19% year over year. The company updated its full-year 2026 outlook, now expecting GAAP diluted EPS of $8.29 to $8.59 and non-GAAP diluted EPS of $12.98 to $13.28, and cash used in operating activities was $36.4 million in the quarter.
Key points
- Q1 2026 revenue was $1.400 billion, up $98.4 million or 7.6%; organic constant currency growth was 3.7%
- GAAP diluted EPS was $1.52 versus $1.28 a year earlier; non-GAAP diluted EPS was $2.86 versus $2.41
- Full-year 2026 revenue growth is now expected at 4.0% to 6.5%, with non-GAAP operating margin of 15% to 16% unchanged
- Cash used in operating activities was $36.4 million versus $24.2 million provided a year earlier; the company spent $324 million on share repurchases
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.