EPAM Systems: Strong Buybacks And A Low Valuation Offer Upside

EPAM Systems faces a challenging transition as AI disrupts its traditional software services, but I see undervalued adaptability and capital return potential. AI-related revenue now comprises 11% of Q2 2026 sales, yet much of this merely replaces legacy work, limiting near-term growth acceleration. Management is aggressively repurchasing shares, supported by a strong net cash position and a compelling valuation (EV/EBITDA 7x, P/CF 11x).

Seeking Alpha • Oct 12, 2026

Here's Why Epam (EPAM) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research • Oct 9, 2026

The Stocks Wall Street Thought AI Would Kill Just Jumped 5% While AI Darlings Sank

Wall Street spent months betting that AI would hollow out consulting and IT services firms, then a single unconfirmed revenue figure sent those same beaten-down stocks surging while the AI darlings sank.

24/7 Wall Street • Oct 9, 2026

EPAM Unveils New Frontier AI Service, Bridging the Enterprise Intelligence Gap for GenAI and Autonomous Agents

New offering leverages EPAM's decades of enterprise engineering depth and established AI lab partnerships to supply advanced data and evaluation services NEWTOWN, Pa., Oct. 5, 2026 /PRNewswire/ -- EPAM Systems, Inc.  (NYSE: EPAM) today announced the launch of a new strategic offering dedicated to powering the next generation of frontier AI models.

PRNewsWire • Oct 5, 2026

EPAM Announces Date for Third Quarter Earnings Release and Conference Call

NEWTOWN, Pa., Oct. 2, 2026 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m.

PRNewsWire • Oct 2, 2026

EPAM Successfully Delivered Cloud Infrastructure and Applications for the European Union's First Equities Consolidated Tape

Drawing on decades of engineering excellence, EPAM built a robust cloud-native environment and applications to support EuroCTP on its mission to solve a complex, long-standing data fragmentation challenge. NEWTOWN, Pa.

PRNewsWire • Sep 24, 2026

EPAM Systems: AI Is Eating The Old Business, But 8.7x Earnings Is Too Cheap

EPAM Systems faces near-term revenue headwinds as AI cannibalizes legacy services, but trades at just 8.7x forward non-GAAP earnings. AI-native revenue now exceeds 11% of EPAM, growing double-digit sequentially, while margins and adjusted EPS are improving despite flat topline growth. Engine Capital's activist push for a $750M buyback leverages EPAM's strong balance sheet and could materially shrink the share count at current valuations.

Seeking Alpha • Sep 2, 2026

Engine Capital pushes EPAM for share buybacks or sale, source says

Activist hedge fund Engine Capital ​has a 1.5% stake in EPAM ‌Systems and is pushing the software firm to increase share buybacks or consider a sale ​following stock declines sparked by fears ​of AI disruption, a source familiar ⁠with the matter said.

Reuters • Aug 31, 2026

Engine Capital Sends Letter to EPAM Systems's Board of Directors Highlighting Company's Undervaluation and Urging the Initiation of a $750 Million Accelerated Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine”), which owns approximately 1.5% of the outstanding shares of common stock of EPAM Systems, Inc. (NYSE: EPAM) (the “Company”), today announced that it has delivered a letter to the Company's Board of Directors.The full text of Engine's letter to the Company can be viewed here.About Engine CapitalEngine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies und.

Business Wire • Aug 31, 2026

EPAM Partners with Wiz to Help Enterprises Reduce Cloud Risk and Strengthen Cyber Resilience

The partnership combines Wiz's production-grade cloud and AI security platform with EPAM's AI-native engineering and modernization capabilities to help organizations move from risk visibility to remediation across complex multi-cloud environments. NEWTOWN, Pa.

PRNewsWire • Aug 25, 2026