EPAM EPAM (EPAM) Q1 FY26 earnings call
EPAM delivered solid Q1 results, driven by strong AI native revenue growth and improved profitability, alongside a strategic AI partnership with Anthropic. However, increased macro uncertainty and delayed client decisions, particularly in North America, led to a downward revision of the full-year revenue outlook. The company is accelerating go-to-market investments in North America and focusing on converting a pipeline of large, multiyear AI-enabled vendor consolidation deals to drive second-half growth.
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EPAM operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees Delivery professionals | 56.5K+We ended Q1 with more than 56,500 delivery professionals, reflecting total growth of 1.6% compared to Q1 2025.Source: earnings call transcript | 56.65K+We ended Q2 with more than 56,650 delivery professionals, reflecting total growth of 1.5% compared to Q2 2025.Source: earnings call transcript | — |
| Employees | 62.75K+Our total head count at quarter end was more than 62,750 employees.Source: earnings call transcript | 62.85K+Our total headcount at quarter end was more than 62,850 employees.Source: earnings call transcript | — |
| Utilization rate | 77%Utilization was 77% compared to 77.5% in Q1 of last year, and 75.4% in Q4 2025.Source: earnings call transcript | 78.3%Utilization was 78.3% compared to 78.1% in Q2 of last year and 77% in Q1 2026.Source: earnings call transcript | +1.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.