EPAM changes
Pick any two versions below to diff them.
- Recent events
- Aug added: 31, 2026: The activist fund Engine Capital made public a letter to the EPAM board. Reuters reported that the fund owns about 1.5% of EPAM. The letter asks EPAM to use its cash, future free cash flow and debt for much larger buybacks. If the board does not do this, the fund wants a formal strategic review, which can include a sale of the company. It also asks for new independent directors and a capital allocation committee. Aug 6, 2026: EPAM reported Q2 2026 results. Revenue rose 4.5% to $1.415 billion, and organic constant currency growth was 3.4%. The non-GAAP operating margin rose to 16.4% from 15.0%, and non-GAAP EPS rose 22% to $3.38. EPAM lowered its 2026 revenue growth outlook to 3.2% to 4.2%, and its organic constant currency outlook to 2.0% to 3.0%. It raised its non-GAAP EPS outlook to $13.08 to $13.24. May 21, 2026: At the annual meeting, shareholders approved a change to the certificate of incorporation that lets shareholders call a special meeting. They also approved 4,000,000 more shares for the long-term incentive plan. May 7, 2026: EPAM reported Q1 2026 results. Revenue rose 7.6% to $1.400 billion, and organic constant currency growth was 3.7%. Non-GAAP EPS was $2.86. EPAM spent $324 million on buybacks in the quarter. It lowered its 2026 organic constant currency growth outlook to 2.5% to 5.0%. Mar 4, 2026: EPAM agreed with Morgan Stanley to buy back $300 million of its shares through an accelerated share repurchase. It received an initial 1,703,336 shares. It paid with cash on hand and borrowings under its credit facility. Feb 19, 2026: EPAM reported Q4 and full-year 2025 results. Revenue for 2025 rose 15.4% to $5.457 billion, and non-GAAP EPS rose 5.9% to $11.50. For 2026, EPAM expected revenue growth of 4.5% to 7.5% and organic constant currency growth of 3% to 6%.