AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

EPAM · NYSE · Information Technology Services

EPAM Systems (EPAM)

Builds enterprise software and digital platforms with consulting, cloud, data and AI services.

$111.62

After hours+0.05 (+0.05%)

At close$111.57(−1.38%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	1,152	1,157	1,165	1,147	1,168	1,248	1,302	1,353	1,394	1,408	1,400	1,415
Cost of revenue	794	798	834	811	764	868	952	964	1,014	984	1,044	985
Gross profit	358	360	331	336	404	380	350	389	380	423	358	430
	244	237	221	215	227	244	250	263	224	274	240	277
	195	214	198	194	207	217	219	232	224	243	240	245
General & administrative	0	0	0	0	0	0	0	0	0	243	0	245
Other expenses	49	23	22	21	20	27	31	31	0	31	0	32
Operating income	114	122	111	121	177	137	99	126	156	149	119	152
	18	5	13	13	13	1	−5	−3	−12	−5	2	−12
Interest income	14	14	15	12	13	6	6	4	4	0	1	0
Other non-operating income	−26	−5	−13	−13	−13	−1	5	3	12	5	−2	12
Income before tax	132	127	124	134	190	137	94	124	144	144	121	141
Income tax expense	35	30	7	35	53	34	21	36	37	34	38	38
Net income from continuing operations	97	98	116	99	136	103	73	88	107	109	83	103
Net income	97	98	116	99	136	103	73	88	107	109	83	103
EPS, basic	$1.68	$1.69	$2.01	$1.71	$2.40	$1.82	$1.29	$1.56	$1.92	$1.99	$1.53	$1.97
EPS, diluted	$1.65	$1.66	$1.97	$1.70	$2.37	$1.80	$1.28	$1.56	$1.91	$1.98	$1.52	$1.97
Weighted average shares, basic	58	58	58	58	57	57	57	57	56	55	54	52
Weighted average shares, diluted	59	59	59	58	57	57	57	57	56	55	54	52
EBITDA	173	161	155	164	219	173	136	166	175	175	163	173
Depreciation & amortization	33	33	32	30	29	36	41	42	31	31	42	32
EBIT	140	127	124	134	190	137	94	124	144	144	121	141