Shares of EPAM Systems, Inc. (EPAM) tanked 22% on Thursday morning after the company issued a soft outlook for the full year 2026 that offset strong fourth-quarter results.
The stock is currently trading at $131.01, down $36.68 or 21.87%, on the NYSE. The stock opened at $131.80 after closing Wednesday at $167.69. The stock has traded between $129.00 and $269.00 in the past 52-week period.
EPAM reported fourth-quarter profit of $109.35 million, or $1.98 per share, up from $103.30 million, or $1.80 per share, a year earlier. Adjusted earnings were $3.26 per share, while revenue rose 12.7% to $1.41 billion.
Looking forward, the company forecast 2026 adjusted earnings per share of $12.60 - $12.90 on revenue growth of 4.5% - 7.5%.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.