What move does the options market price into EPAM Systems's report?

Implied ±9.1%, either direction.

EPAMNYSEServices-Computer Programming Services

EPAM Systems, Inc. (EPAM) earnings date, market-implied expected move, and options open interest by expiry

140.43

+5.73 · +4.26%

post 140.00 −0.31%

Closed19:58 ET

Open135.07Volume1.3MMkt cap$7.2BP/E18.89EPS7.41

Day135.01 – 140.4991%52-wk73.06 – 222.5345%

EPAM

EPAM Systems, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.1%implied · report alone

127.72153.30

straddle ±11.7%

spot 140.51exp Nov 20ATM strike 140ATM straddle 19.35IV 72%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

−15.29%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+6.22%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

442 managers

Top fund weight

0.01%

EPAM weight · VTI

N-PORTJun 30 '26

2 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

EPAM Systems (EPAM) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed—▼−15.29%—

quarterimplied−20%0+20%realized×

Q2 FY26—▼−15.29%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.32OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

462+12%Nov 2020d1,427+4%

1,8750%Dec 1848d1.221,5330%1.22

3,529−1%Jan 1576d1.412,505+18%1.41

299+1%Apr 16167d1.00298+7%1.00

ExpiryPutsCallsP/C

Nov 2020d462+12%1,427+4%0.32

Dec 1848d1,8750%1,5330%1.22

Jan 1576d3,529−1%2,505+18%1.41

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±11.7%

Funds 2

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

7.28%as filednet margin · revenue +1.05% QoQ · +4.53% YoY

Revenue

$1.4B+1.05% QoQ

Gross profit

$430M+10.71% QoQ

30.36% margin

Operating income

$152M+30.36% QoQ

10.76% margin

Pre-tax income

$141M+16.50% QoQ

Net income

$103M+24.79% QoQ

7.28% margin

Cost of revenue

$985M−2.65% QoQ

Operating expenses

$277M+2.25% QoQ

SG&A $245M

Depreciation $32M

Other expense

$12M

Tax

$38M−1.46% QoQ

Revenue$1.4B+1.05%

Gross profit

$430M+10.71%

30.36% margin

Operating income

$152M+30.36%

10.76% margin

Pre-tax income

$141M+16.50%

Net income

$103M+24.79%

7.28% margin

Cost of revenue

$985M−2.65%

Operating expenses

$277M+2.25%

SG&A $245M

Depreciation $32M

Other expense

$12M

Tax$38M−1.46%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:45 ET

Intraday

Event sensitivity

NFP ×1.90· ±3.6% vs ±1.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.6%4 of 10×1.90

FOMCrate decision±2.4%9 of 24×1.28

PPIproducer prices±2.3%6 of 11×1.21

CPROFcorporate profits±1.8%4 of 12×0.93

GDPgross domestic product±1.5%6 of 19×0.80

PCEpersonal income & outlays±1.5%10 of 19×0.79

CPIconsumer prices±1.4%5 of 11×0.77

Bar = avg |move| to ±4% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 1.97 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	1.97	—
Q1 FY26	—	1.52	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod