EPAM Systems, Inc.: Amendments to Bylaws Sections 2.03-2.05 and 2.10 to conform to special meeting right in charter (effective 2026-05-21).
“On May 21, 2026, amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”) also became effective. The amendments to the Bylaws were made to conform the Bylaws to the changes made in the Fifth A&R Charter and consist of amendments to Sections 2.03 through 2.05 and 2.10 to reflect the procedures for stockholders to request a special meeting.”
Governance Changes
EPAM Systems, Inc.: Amendment to Fourth A&R Charter to enable stockholders to call a special meeting, resulting in Fifth A&R Charter, then restated (effective 2026-05-21).
“The amendments to the Fourth A&R Charter became effective upon filing the Company’s Fifth Amended and Restated Certificate of Incorporation (the “Fifth A&R Charter”) with the Secretary of State of the State of Delaware on May 21, 2026.”
Earnings Releases
EPAM Systems, Inc. reported second quarter 2026 results: revenue $1.400 billion to $1.415 billion, EPS GAAP diluted EPS will be in the range of $1.79 to $1.87.
“The Company expects revenues will be in the range of $1.400 billion to $1.415 billion for the second quarter”
Earnings Releases
EPAM Systems, Inc. reported full year 2026 results: EPS GAAP diluted EPS to be in the range of $8.29 to $8.59.
“The Company now expects the year-over-year revenue growth rate to be in the range of 4.0% to 6.5% for 2026 and now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.5% to 5.0%”
Earnings Releases
EPAM Systems, Inc. reported first quarter ended March 31, 2026 results: revenue $1.400 billion, EPS GAAP diluted EPS of $1.52.
“First quarter revenues of $1.400 billion, up 7.6% year-over-year”
Material Agreements
EPAM Systems, Inc. entered into Fixed Dollar Accelerated Share Repurchase Transaction agreement with Morgan Stanley & Co. LLC valued at Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million (effective 2026-03-04).
“On March 4, 2026, EPAM Systems, Inc. (the “ Company ”) entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement (the “ ASR Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”) to repurchase an aggregate of $300 million of shares of the Company’s common stock (the “ Common Stock ”).”
Debt Financings
EPAM Systems, Inc. incurred revolving credit of $700 million with PNC Bank, National Association at SOFR rate...plus a margin based on EPAM's leverage ratio maturing five years.
“The 2025 Revolving Facility provides for a five-year $700 million revolving credit facility”
Governance Changes
EPAM Systems, Inc.: Amended and restated bylaws to increase maximum number of directors from ten to 11 and make modernizing/clarifying changes (effective 2025-09-01).
“On August 27, 2025, the Board approved amended and restated bylaws of the Company, effective September 1, 2025. The amendment and restatement changes Section 3.02 to increase the maximum number of directors on the Board from ten to 11 and also includes certain modernizing and clarifying changes.”
Balazs Fejes was appointed as Chief Executive Officer and President at EPAM Systems, Inc..
“Balazs Fejes, the Company’s current President of Global Business and Chief Revenue Officer, will become Chief Executive Officer and President as of the Effective Date.”
Arkadiy Dobkin changed role as Executive Chairman at EPAM Systems, Inc..
“Arkadiy Dobkin, the Company’s Chief Executive Officer and President, will transition to the role of Executive Chairman on September 1, 2025”
Earnings Releases
EPAM Systems, Inc. updated its For the second quarter guidance (initiated).
“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”
Earnings Releases
EPAM Systems, Inc. updated its for the full year guidance (lowered).
“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”
Earnings Releases
EPAM Systems, Inc. reported the first quarter ended March 31, 2024 results: revenue $1.165 billion, EPS $1.97. Guidance reaffirmed.
“• First quarter revenues of $1.165 billion, down 3.8% year-over-year •”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.