EPAM Systems, Inc. (EPAM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and if you have joined via the webinar please use the raise hand icon now which can be found at the bottom of your webinar application. At this time I would like to turn the call over to Mike Rowshandel, Head of Investor Relations. Good morning, everyone, and thank you for joining us today on our second quarter 2026 earnings announcement. As the operator just mentioned, I'm Mike Rowshandel, head of investor relations. We hope you've had an opportunity to review our earnings release we issued earlier today. If you have not, copies are available on epam.com in the investor section. With me on today's call are Balazs Fejes, CEO and president, and Jason Peterson, chief financial officer. I will now turn the call over to FB. Thank you, Mike, and good morning, everyone. It's a pleasure to be with you all again. Since we last spoke, I've spent quarter with clients, partners, and our own teams across global delivery centers, and one team keeps sharpening. AI is transforming everything we do while adding more complexity across the enterprise. The gap between AI experimentation, adoption, and optimization is EPAM's opportunity. Revenue growth in the second quarter came in the high end of our outlook range, with continued improvement in profitability and strong adjusted earnings per share. Our pure AI native revenues accelerated, reaching more than $160 million in the quarter. Our operating momentum remains solid, and we will be direct today about the growth gaps we are experiencing, particularly in significant parts of the North American business and what we are already doing about it. We are executing the strategy we set out at the investor day back in March. And this quarter is more evidence that we are progressing in the right direction. It's been a noisy and volatile few m...