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

EPAM Systems stock surged 21.92% to close at $167.47 on Thursday. The primary driver was a strong third-quarter earnings report that exceeded analyst expectations, accompanied by an updated full-year outlook and a significant expansion of the company's share repurchase program.

What Happened

EPAM Systems reported third-quarter 2026 non-GAAP earnings per share of $3.51, beating the consensus estimate of $3.41 by $0.10. Revenue came in at $1.426 billion, up 2.3% year-over-year and 2.5% on an organic constant currency basis, surpassing estimates by $10 million. GAAP income from operations improved to 12.3% of revenues from 10.4% in the prior year period. The company also provided a fourth-quarter EPS guidance range of $3.50 to $3.58, against a consensus of $3.52.

In a related corporate action, EPAM increased its share repurchase authorization by $1.5 billion, bringing the total remaining authorization to $1.8 billion. The company announced plans to enter a $500 million accelerated share repurchase program next week. Morgan Stanley maintained its rating on the stock and raised its price target to $140. The company filed a Form 8-K on November 5, 2026, disclosing these results and financial condition updates.

What The Data Shows

The stock opened at $160.96, representing a 17.2% gap from the prior close of $137.36. Intraday trading saw a session high of $167.56 at 12:10 PM ET and a low of $152.00 at 8:15 AM ET. Volume stood at 1.1 million shares, which is 0.8 times the three-month daily average. The stock printed 17 fresh 52-week highs on November 5, 2026. Fundamentals show a market cap of $7.1 billion, a P/E ratio of 18.6, and trailing twelve-month revenue growth of 10.8%. The 52-week range is $73.06 to $222.53. Over the last eight sessions prior to the surge, the stock moved up 1.8% from $130.68 to $133.00.

What To Watch

Investors will monitor the execution of the new $500 million accelerated share repurchase program scheduled for next week. The company's updated full-year outlook, released alongside the third-quarter results, will be a key focus for near-term performance.