---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-22-000045"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T03:50:40.805356+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EPAM Q2 revenue $1.195B (+35.6% YoY); Non-GAAP EPS $2.38 (+16.1%); GAAP EPS $0.32 on ruble FX

## Summary
- Revenue $1.195B, up 35.6% YoY (40.1% constant currency); acquisitions contributed 6.2%.
- Non-GAAP income from ops $177.5M (+14.3%); Non-GAAP diluted EPS $2.38 (+16.1%).
- GAAP income from ops $93.0M (-25.7%); GAAP diluted EPS $0.32 (-83.5%), due to Ruble impact on intercompany payables.
- Q3 guidance: revenue at least $1.210B (22% YoY); GAAP EPS ≥$1.65; Non-GAAP EPS ≥$2.48.
- Cash from operations first half 2022 $25.7M vs $81.7M YoY; cash balance $1.296B.

## SEC filing metadata
- accession: 0001352010-22-000045
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201022000045/0001352010-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201022000045/epam-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-22-000045
- JSON: https://secwatch.observer/filing/0001352010-22-000045.json
- Plain text: https://secwatch.observer/filing/0001352010-22-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.