Why Is EPAM SYS INC (EPAM) Stock Down Today?

Why EPAM stock is down today

EPAM Systems Inc. shares fell 15.29% to $93.07 in the session, driven by a combination of downward revisions to revenue guidance and a downgrade from William Blair. The stock opened with a -11.6% gap down from the previous close and continued to decline throughout the morning, reaching a session low of $85.00 before stabilizing slightly. The move reflects investor concern over slowing North American demand and a more cautious revenue outlook for the remainder of the year.

What Happened

The stock’s sharp decline followed the company’s Q2 2026 earnings call, where management announced a cut to its full-year revenue guidance. EPAM now expects 2026 revenue growth of 3.2% to 4.2%, down from previous expectations. The firm also narrowed its FY2026 adjusted EPS guidance to a range of $13.08 to $13.24 per share and lowered its sales guidance to $5.632 billion to $5.686 billion. William Blair downgraded the stock to Market Perform from Outperform and reduced its price target, citing sustained pressure in North America. Stifel also cut its price target to $135 from $200. These actions signaled a shift in analyst sentiment and contributed to the stock’s poor performance.

What The Data Shows

The stock opened at $97.10, a -11.6% gap from the prior close of $109.87, and traded as low as $85.00 before closing at $93.07. Volume in the session reached 2.8 million shares, 1.6 times the 3-month daily average. The stock’s 52-week range is $73.06 to $222.53, and it currently trades at a price-to-earnings ratio of 15.7 with a beta of 1.37. Recent insider and congressional transactions show mixed activity, including a recent $15,001, $50,000 purchase by Donald J. Trump on May 22.

What To Watch

EPAM’s Q3 guidance and performance will be key to watch in the coming months. Investors should monitor the company’s ability to stabilize North American demand and meet revised revenue expectations.