EPAM Systems (EPAM) Investor Day 2026 summary

Strategic transformation and AI positioning

• Reinventing as a global leader in AI-native enterprise transformation, leveraging top engineering talent to solve complex business and technology challenges and executing a clear strategy for profitable growth in the AI era.

• Accelerating internal transformation with a client-zero mentality, using years of AI-driven operational changes to build credibility and launch new AI-native offerings and business models.

• Expanding AI capabilities through strategic partnerships, proprietary platforms, vertical expertise, and continuous investment in internal products and IP, including the AI/RUN platform and Empathy Lab.

• Integrating consulting and engineering to deliver end-to-end, enterprise-grade AI solutions, focusing on domain and vertical expertise and a consultative go-to-market approach.

• Building and deploying full-stack agentic engineers and codified delivery methodologies to operationalize AI at scale, enabling clients to transition to AI-native business models and unlock new revenue streams.

AI-driven engineering and talent development

• Codifying agentic delivery pipelines and scaling a new full-stack agentic engineer profile, requiring deep engineering culture and delivery volume.

• Developing proprietary educational programs and using TelescopeAI to sense, develop, and deploy AI-ready talent globally, ensuring rapid upskilling and quality deployment.

• Maintaining a global pipeline of AI-native juniors and leveraging university partnerships (214+) to secure top talent aligned with evolving client needs.

• Achieving rapid staffing of AI-skilled positions, with 80% filled within seven days, and maintaining high NPS scores above industry average.

• Focusing on continuous R&D and mandatory education to keep pace with fast-evolving AI technologies and maintain a competitive edge.

Financial outlook and growth imperatives

• Returned to growth with 2025 revenue of $5.457B (15.4% YoY growth), targeting $5.7B–$5.87B in 2026, and aiming for double-digit revenue growth over the next three years.

• Non-GAAP operating income margin targeted at 15–16% for 2026, with a goal of 16%+ by 2028, driven by cost efficiencies, AI productivity, and evolving pricing models.

• Free cash flow generation remains robust, with $613M in 2025 and a cumulative target of $1.8B+ from 2026–2028, maintaining a strong balance sheet with $1.3B in cash and minimal debt.

• Pursuing disciplined capital allocation, including ongoing investments in AI capabilities, strategic M&A, and share repurchases.

• 2026 guidance includes 4.5–7.5% revenue growth, 13.5–14.5% non-GAAP operating margin, and 10.9% non-GAAP EPS growth.