Every material Form 8-K EPAM Systems filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
EPAM reported third-quarter 2026 revenue of $1.426 billion, up 2.3% year over year, and GAAP diluted EPS of $2.53, up from $1.91. The Board replaced the prior repurchase program with a new $1.8 billion authorization through December 31, 2029, and EPAM expects to enter a $500 million accelerated share repurchase during the week of November 9, 2026, which shareholders would see as a larger capital return.
Q3 revenue $1.426 billion, up $32.1 million or 2.3%; GAAP income from operations rose 21.4% to $175.9 million
GAAP diluted EPS $2.53 vs. $1.91 a year earlier; non-GAAP diluted EPS $3.51, up 14.0%
$500 million accelerated share repurchase expected the week of November 9, 2026, funded with cash on hand and credit facility borrowings
Fourth-quarter revenue expected at $1.405 billion to $1.420 billion; cash, cash equivalents and restricted cash fell to $969.9 million as of September 30, 2026
EPAM reported second-quarter 2026 revenue of $1.415 billion, up 4.5% year over year, with GAAP diluted EPS of $1.97 (up 26.3%) and non-GAAP diluted EPS of $3.38 (up 22.0%). The company updated its full-year 2026 outlook, now expecting GAAP diluted EPS of $8.22 to $8.38 and non-GAAP diluted EPS of $13.08 to $13.24, and gave third-quarter revenue guidance of $1.410 billion to $1.425 billion.
Q2 2026 revenue was $1.415 billion, up 4.5%; organic constant currency growth was 3.4%
GAAP income from operations rose 20.4% to $152.2 million; non-GAAP income from operations rose 14.7% to $232.7 million
Full-year 2026 revenue growth guidance is 3.2% to 4.2%, with organic constant currency growth of 2.0% to 3.0%
Cash used in operating activities was $38.8 million in the first six months of 2026, versus $77.4 million provided a year earlier; share repurchases totaled $409.0 million year to date
At its May 21, 2026 annual meeting, EPAM stockholders approved an amendment that lets stockholders call a special meeting, and the company's charter and bylaws were updated to reflect this. Stockholders also approved adding 4,000,000 shares to the 2025 Long Term Incentive Plan and 650,000 shares to the 2021 Employee Stock Purchase Plan, which increases the shares available for issuance under those plans.
Special meeting amendment approved: 42,309,922 votes for and 2,339,440 against, effective May 21, 2026.
Stockholder proposal on calling special meetings was not approved: 20,002,319 for and 25,953,614 against.
2025 Plan share reserve increased by 4,000,000 shares; 2021 ESPP share reserve increased by 650,000 shares.
Balazs Fejes, Eugene Roman, Jill Smart and Ronald Vargo elected as Class II directors through the 2027 annual meeting.
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.
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
EPAM Systems' board approved a $3,000,000 restricted stock unit grant to Viktar Dvorkin, its Senior Vice President and Global Head of Advanced Engineering, Cloud & Enterprise Platforms, effective March 31, 2026. The company said the award is meant to provide a significant incremental long-term incentive to retain him, and it vests in equal portions over three years.
Grant value: $3,000,000 in restricted stock units under the 2025 Long Term Incentive Plan
Grant date: March 31, 2026; units vest in equal portions on the first, second and third anniversaries
Vesting accelerates on death, disability, qualifying retirement, or a qualifying termination under the Executive Severance Plan
On March 4, 2026, EPAM Systems entered into a $300 million accelerated share repurchase agreement with Morgan Stanley under its $1.0 billion buyback authorization approved in October 2025. EPAM received an initial delivery of 1,703,336 shares, worth $240 million at the March 4 closing price, with the final share count to be set by the average share price over the deal's term, less a discount. The company said it is funding the transaction with cash on hand and borrowings under its existing credit facility, and $452.5 million of authorization remains after the agreement.
Payment: $300 million to Morgan Stanley, signed March 4, 2026
Initial delivery: 1,703,336 shares, or $240 million at the March 4, 2026 closing price, expected by March 5, 2026
Final settlement expected no later than the second quarter of 2026; final share count depends on the volume-weighted average price, less a discount
EPAM reported fourth-quarter and full-year 2025 results on February 19, 2026. Revenue grew in both periods, but full-year GAAP diluted EPS fell to $6.72 from $7.84, while non-GAAP diluted EPS rose 5.9% to $11.50. The company also gave 2026 guidance of $7.95 to $8.25 GAAP diluted EPS and $12.60 to $12.90 non-GAAP diluted EPS.
Q4 2025 revenue was $1.408 billion, up 12.8% year over year; Q4 GAAP diluted EPS was $1.98, up 10.0%.
Full-year 2025 revenue was $5.457 billion, up 15.4%, but GAAP income from operations fell 4.5% to $520.0 million.
2026 guidance: revenue growth of 4.5% to 7.5%, GAAP diluted EPS of $7.95 to $8.25, and non-GAAP diluted EPS of $12.60 to $12.90.
Share repurchases totaled $660.6 million in 2025, with $776.5 million remaining under the authorization as of December 31, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every EPAM Systems filing is on SEC EDGAR ↗. 8-K briefs of other companies →