---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-23-000038"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:32:40.131642+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EPAM Q2 revenues down 2.1% to $1.17B; narrows FY revenue guidance to $4.65-4.70B

## Summary
- GAAP diluted EPS $2.03 vs $0.32 YoY; Non-GAAP diluted EPS $2.64 vs $2.38, up 10.9%.
- Revenue $1.170B, down 2.1% YoY; organic constant currency decline 1.7% excluding Russia exit.
- Full year revenue guidance narrowed to $4.650-$4.700B (midpoint -3% YoY); GAAP EPS $7.00-$7.20; Non-GAAP EPS $9.90-$10.10.
- Q3 revenue guidance $1.140-$1.150B (down ~7% YoY); GAAP EPS $1.62-$1.70; Non-GAAP EPS $2.52-$2.60.
- Headcount ~55,600; delivery professionals down 3.4% sequentially, reflecting demand softness.

## SEC filing metadata
- accession: 0001352010-23-000038
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201023000038/0001352010-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201023000038/epam-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-23-000038
- JSON: https://secwatch.observer/filing/0001352010-23-000038.json
- Plain text: https://secwatch.observer/filing/0001352010-23-000038.txt

## Key facts
- Earnings Releases
  EPAM Systems, Inc. reported the second quarter ended June 30, 2023 results: revenue $1.170 billion, EPS $2.03. Guidance reaffirmed.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $1.170 billion
  - EPS: $2.03
  - Guidance: reaffirmed
  - Result: reported results
  source text: EPAM Reports Results for Second Quarter 2023 and Updates Full Year Outlook • Second quarter revenues of $1.170 billion, down 2.1% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201023000038/0001352010-23-000038-index.htm

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