Why EPAM Systems, Inc. (EPAM) stock rose 20.6% on Thursday, November 5, 2026

EPAM Systems, Inc. (EPAM) closed at $165.7, up 20.63% on Thursday, November 5, 2026, on volume of 3,671,830 shares (3.1× its 3-month average); market value about $8.50B.

What happened: primary sources

Events Nexqual found for EPAM on Thursday, November 5, 2026 or the trading day before (November 4, 2026):

• Nov 5, 2026: Reported quarterly results (SEC 8-K) for the quarter ended Sep 30, 2026: EPS $3.51 vs consensus $3.41 (beat), on the analysts' basis (usually adjusted, not GAAP). source
• Nov 5, 2026: SEC 8-K: Other material event source
  Quoted from the filing: “On November 5, 2026, EPAM issued a press release including the announcement that its Board of Directors approved a common stock repurchase program, authorizing EPAM to repurchase up to $1.8 billion of EPAM common stock, replacing the previous $1 billion authorization approved in October 2025. A copy of the press release is attached hereto as Exhibit 99.1.”
• Nov 5, 2026: SEC 10-Q: Quarterly report, period ended Sep 30, 2026 source
• Nov 4, 2026: Morgan Stanley: Target raised, Equal-Weight, price target $97 → $140

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on EPAM

EPAM stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Other big moves that day: November 5, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 10, 2026 at 16:39 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 10, 2026 at 16:39 UTC. This page is informational and not investment advice.

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