EPAM

EPAM Systems, Inc.

EPAM Systems, Inc.EPAM

Technology · Information Technology Services

138.67USD

+3.49%

Oct 23, 2026

EPAM overview ready

EPAM is a global digital-engineering and consulting provider that builds and modernizes custom software, platforms, cloud/data environments and customer experiences for enterprises, increasingly packaging this work as AI-transformation execution.

Narrative not measured

Enterprise AI Deployment and ModernizationAI-Native Application Modernization and Engineering ServicesEnabling supplier

Advancing price action

Longer-term context reads early recovery, with a near-term setup of daily reclaim.

Attractive valuation

Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Solid fundamentals

Free cash flow yield is strong.

Primary risk

Dependence on continued IT spending by enterprises.

Market Oct 22Filing Jun 30Price action Oct 22Research Oct 20

Conviction Level

Price

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Price Action

Advancing price action

Longer-term context reads early recovery, with a near-term setup of daily reclaim.

EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap: $7.2B
Avg Volume (60D): 1.0M
Revenue Growth YoY: +15.4%
Gross Margin: +26.9%
Operating Margin: +10.0%
Free Cash Flow Yield: +6.7%
Distance from 200DMA: +11.2%
Next Earnings: 2026-11-05
P/E: 17.8x
EV / EBITDA: 9.3x
EV / Sales: 1.1x

Market metrics as of Oct 22, 2026

Financial results for the period ended Jun 30, 2026

Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.

EPAM Systems, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis

Opportunity

Moderate opportunity

Enterprise spending to redesign, integrate and operate business applications, data platforms and workflows around generative and agentic AI, requiring external engineering, cloud and implementation capacity.

Key risk

Dependence on continued IT spending by enterprises.

Narrative & Theme

Enterprise AI Deployment and Modernization

Part of AI-Native Application Modernization and Engineering Services, with moderate fit.

EPAM has a real, direct services-revenue link to enterprise AI deployment: it sells the engineering, integration and modernization work required to move clients from AI experiments to production applications and workflows.

Narrative HeatUnavailable

Theme HeatNeutral5.8 / 10

This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Information Technology Services

What they do

EPAM Systems provides digital platform engineering and software development services globally, helping clients with software customization, cloud services, data analytics, AI, customer experience, marketing, and cybersecurity integration.

How it earns

The company generates revenue primarily through project-based and service contracts for software engineering and IT solutions.

Products & services

Digital platform engineering

Software development services

Cloud services

Data analytics and artificial intelligence

Customer experience solutions

Cybersecurity services

Customers & end markets

Large enterprises

Technology companies

Financial services

Healthcare

Retail

Market position

EPAM is a recognized leader in digital engineering and IT services with a strong global delivery model.

Demand drivers

Medium cyclicality

Demand for IT services is somewhat sensitive to economic cycles but driven by ongoing digital transformation needs.