EPAM Systems, Inc. (EPAM)

In the past six months, EPAM Systems' stock price has been under pressure, trading near its 52-week low. The stock has experienced a significant decrease, falling by 27.12% in the past month and 44.56% over the last year. As of May 7, 2026, the stock price was $101.35, down from a 52-week high of $222.53. Key events impacting the stock include the Q1 2026 earnings report, which showed positive results but lowered the full-year revenue growth forecast, analyst downgrades and price target cuts, and headcount reductions in Mexico and other geographies as part of a cost optimization program.

EPAM Systems experiences some demand seasonality, with the first quarter (Q1) typically showing lower profitability due to seasonal factors. Despite these seasonal patterns, demand for EPAM's AI foundational services remains solid, with faster growth observed in its data and cloud practices compared to the rest of the business. The company's focus on AI-native and strategic deployments continues to drive client engagement, with over 80% of its top 100 clients involved in AI initiatives.

EPAM Systems, Inc. is a global provider of digital platform engineering and software development services within the IT Services & Consulting sector. The company delivers technology solutions across industries, specializing in software engineering and development, digital platform engineering, consulting and business transformation, product design and customer experience, and managed services and IT operations. EPAM provides solutions in AI, cloud technologies, cybersecurity, data analytics, API development, platform modernization, and GIS-related services.

EPAM Systems operates in over 55 countries, with North America as its largest revenue contributor, followed by Western Europe, including the UK, DACH region, Nordics, and Benelux countries. The company has a presence in the Asia-Pacific region, specifically in Singapore, Australia, and Japan. EPAM maintains delivery hubs across Central and Eastern Europe, India, Latin America, and North America, enabling a "follow-the-sun" execution model and is expanding its global footprint, including increasing its presence in India and Latin America.

EPAM Systems has maintained a strong brand reputation over the past year, receiving several notable recognitions. EPAM was named a Top IT Vendor in Europe by Whitelane Research for the third consecutive year. EPAM was recognized among the top three companies in Glassdoor's inaugural Best Companies in Tech and AI 2026 list. EPAM Germany and EPAM Switzerland were also recognized as Top Companies by kununu in 2026, and EPAM USA was named a Best Place to Work by BuiltIn. EPAM was ranked in the Top 5 for IT Services and IT Consulting in Newsweek's 2nd annual Excellence 1000 Index. EPAM earned two Google Cloud Partner of the Year awards for its contributions to advanced AI and cloud technologies.

EPAM Systems' ownership is primarily held by institutional investors, with significant stakes also retained by its founders and management. Major institutional holders include Vanguard Group Inc., BlackRock, Inc., Invesco Ltd., Capital World Investors, Ameriprise Financial Inc, State Street Corp, Boston Partners, Geode Capital Management, LLC, Baillie Gifford & Co and JPMorgan Chase & Co. Co-founder Arkadiy Dobkin, who is transitioning to Executive Chairman in September 2025, remains a significant individual shareholder.