{"schema_version":"secwatch.filing_event.v1","accession":"0001352010-24-000015","form_type":"8-K","ticker":"EPAM","cik":"0001352010","company_name":"EPAM Systems, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.055593+00:00","generated_at":"2026-06-02T05:14:14.547229+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"EPAM Q1 revenue $1.165B (-3.8% YoY), GAAP EPS $1.97; cuts FY revenue guidance to $4.575-4.675B","bullets":["Q1 revenue $1.165B (-3.8% YoY); GAAP operating margin 9.5%, non-GAAP 14.9%.","GAAP diluted EPS $1.97 (+13.9% YoY); non-GAAP diluted EPS $2.46 (-0.4% YoY).","Full-year revenue guidance lowered to $4.575-4.675B (midpoint -1.4% YoY); GAAP EPS $7.34-7.64, non-GAAP $10.00-10.30.","Q2 2024 revenue guidance $1.135-1.145B; GAAP EPS $1.52-1.60, non-GAAP $2.21-2.29.","CEO says challenging demand unlikely to improve in 2024; company refining operations and investing in AI."],"urls":{"canonical":"https://secwatch.observer/filing/0001352010-24-000015","json":"https://secwatch.observer/filing/0001352010-24-000015.json","markdown":"https://secwatch.observer/filing/0001352010-24-000015.md","text":"https://secwatch.observer/filing/0001352010-24-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1352010/000135201024000015/0001352010-24-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1352010/000135201024000015/epam-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:14:14.547229+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":"1b1f3e392730fa47e766f0905dd5ceac8566d29b","claim":"EPAM Systems, Inc. updated its For the second quarter guidance (initiated).","evidence_excerpt":"For the second quarter, EPAM expects revenues to be in the range of $1.135 billion to $1.145 billion, GAAP diluted EPS to be in the range of $1.52 to $1.60 and non-GAAP diluted EPS to be in the range of $2.21 to $2.29","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201024000015/0001352010-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"For the second quarter"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"833ef0693321fabb5ad0156ed0bb21b6e21e2d40","claim":"EPAM Systems, Inc. updated its for the full year guidance (lowered).","evidence_excerpt":"For the full year, EPAM updates expected revenues to now be in the range of $4.575 billion to $4.675 billion, updates expected GAAP diluted EPS to now be in the range of $7.34 to $7.64 and narrows expected range for non-GAAP diluted EPS to $10.00 to $10.30","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201024000015/0001352010-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the full year"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b468e8bb73e38412d3c1df29c6fc1bd532db1c3d","claim":"EPAM Systems, Inc. reported the first quarter ended March 31, 2024 results: revenue $1.165 billion, EPS $1.97. Guidance reaffirmed.","evidence_excerpt":"• First quarter revenues of $1.165 billion, down 3.8% year-over-year •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201024000015/0001352010-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.165 billion"},{"label":"EPS","value":"$1.97"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}