EPAM Systems, Inc. is experiencing positive momentum with a strong Q3 2025, showcasing a rebound in client spending and organic growth of 7.1% year over year. Despite a year over year margin contraction, adjusted operating margin improved sequentially, while adjusted EPS of $3.08 exceeded expectations. Management raised full-year 2025 guidance across revenue, organic growth, margins, and EPS, signaling confidence in sustained growth. The earnings call highlighted EPAM’s success in scaling AI projects and generating record operating and free cash flow, positioning the company for a meaningful rerating as demand normalizes.

Investing with Common Sense is optimistic about EPAM Systems, Inc., emphasizing the company’s accelerating demand recovery, margin normalization, and large-scale AI execution. Previously, a bullish thesis on Cognizant Technology Solutions Corporation (CTSH) highlighted the company’s AI-led productivity strategy and expanding generative AI capabilities, resulting in an 8.94% stock price appreciation since coverage. EPAM’s positive momentum and strategic focus on AI projects position the company for continued growth and a potential rerating in the future.

Read more at Yahoo Finance: EPAM Systems, Inc. (EPAM): A Bull Case Theory