EPAM Systems Inc

EPAM: XNYS (USA)

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EPAM Earnings: Solid AI Demand Drives Full-Year Outlook Raise; Shares Closer to Our $200 Fair Value

Eric Compton , Jivyaa Vaidya

Aug 7, 2025

EPAM Systems reported second-quarter revenue of $1.35 billion, up 18% year over year due to both inorganic and organic contributions to revenue. Non-GAAP operating margin was 15%, down 20 basis points year over year, as utilization tailwinds were offset by higher compensation expenses.

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EPAM Systems Inc

EPAM Earnings: Solid AI Demand Drives Full-Year Outlook Raise; Shares Closer to Our $200 Fair Value

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