{"schema_version":"secwatch.filing_event.v1","accession":"0001352010-23-000022","form_type":"8-K","ticker":"EPAM","cik":"0001352010","company_name":"EPAM Systems, Inc.","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.537041+00:00","generated_at":"2026-06-15T16:11:30.450278+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"EPAM reports Q1 revenue $1.211B (+3.4% YoY); updates FY2023 outlook with revenue $4.95-5.0B","bullets":["Q1 revenue $1.211B, up 3.4% YoY; organic constant currency growth +7.0% excluding Russia exit.","GAAP diluted EPS $1.73 (+13.8% YoY); Non-GAAP diluted EPS $2.47 (-0.8% YoY).","Full-year revenue guidance lowered to $4.95B-$5.0B (midpoint ~3% growth); GAAP EPS $8.11-$8.31; Non-GAAP EPS $10.60-$10.80.","Q2 revenue guidance $1.195B-$1.205B (<1% YoY); GAAP EPS $1.82-$1.90; Non-GAAP EPS $2.38-$2.46.","Q1 operating cash flow $87.3M vs -$51.8M prior year; cash balance $1.752B."],"urls":{"canonical":"https://secwatch.observer/filing/0001352010-23-000022","json":"https://secwatch.observer/filing/0001352010-23-000022.json","markdown":"https://secwatch.observer/filing/0001352010-23-000022.md","text":"https://secwatch.observer/filing/0001352010-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1352010/000135201023000022/0001352010-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1352010/000135201023000022/epam-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T16:11:30.450278+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"12f775e8229b4f38b398cfda69bb10dd20e4b2e3","claim":"EPAM Systems, Inc. reported first quarter ended March 31, 2023 results: revenue $1.211 billion, EPS $1.73.","evidence_excerpt":"EPAM Reports Results for First Quarter 2023 and Updates Full Year Outlook • First quarter revenues of $1.211 billion, up 3.4% year-over-year • GAAP Income from Operations was 9.9% of revenues and Non-GAAP Income from Operations was 14.7% of revenues for the first quarter • First quarter GAAP Diluted EPS of $1.73, an increase of 13.8%, and Non-GAAP Diluted EPS of $2.47, a decrease of 0.8% on a year-over-year basis","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201023000022/0001352010-23-000022-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1.211 billion"},{"label":"EPS","value":"$1.73"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3f7cda33153674505bbebd42cc84037962ee9824","claim":"EPAM Systems, Inc. reported Full Year 2023 results: revenue $4.950 billion to $5.000 billion, EPS $8.11 to $8.31.","evidence_excerpt":"For the full year, EPAM now expects revenues to be in the range of $4.950 billion to $5.000 billion, GAAP Diluted EPS to be in the range of $8.11 to $8.31 and Non-GAAP Diluted EPS to be in the range of $10.60 to $10.80","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201023000022/0001352010-23-000022-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023"},{"label":"Revenue","value":"$4.950 billion to $5.000 billion"},{"label":"EPS","value":"$8.11 to $8.31"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"c54eccb2c8bbafb65c1e81051db537dcbd1e79eb","claim":"EPAM Systems, Inc. reported Second Quarter 2023 results: revenue $1.195 billion to $1.205 billion, EPS $1.82 to $1.90.","evidence_excerpt":"For the second quarter, EPAM expects revenues to be in the range of $1.195 billion to $1.205 billion, GAAP Diluted EPS to be in the range of $1.82 to $1.90 and Non-GAAP Diluted EPS to be in the range of $2.38 to $2.46","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201023000022/0001352010-23-000022-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Second Quarter 2023"},{"label":"Revenue","value":"$1.195 billion to $1.205 billion"},{"label":"EPS","value":"$1.82 to $1.90"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}