# US tech earnings reports

> Live situation record from CLSTR: https://clstr.news/situations/us-tech-earnings-reports
> Updated: 2026-08-05T22:26:52.000Z. Sources: 11. Developments: 2.

In early August 2026, two U.S. technology companies released quarterly earnings that both beat analyst expectations but led to divergent outlooks and market reactions. EPAM Systems posted a Q2 net income of $102.98 million, up from the prior year, and raised its adjusted EPS, yet it trimmed its full‑year revenue growth forecast to 3.2%‑4.2% and lowered FY EPS guidance. The company also disclosed adjusted net income of $176.81 million, adjusted EPS of $3.38, revenue of $1.41 billion and operating income of $152.2 million. For the upcoming quarter EPAM projected revenue of $1.410‑$1.425 billion and EPS of $2.33‑$2.41, while its full‑year EPS and adjusted EPS guidance were further reduced. EPAM shares slipped about 4.8% in pre‑market trading. Axon Enterprise reported a 35% year‑over‑year revenue increase to $904 million and lifted its full‑year revenue growth target to 32%‑34%, but its gross margin slipped and its shares fell more than 6% after hours. Both firms highlighted stronger earnings performance while adjusting future guidance, illustrating varied investor responses within the same earnings season.

## Claims

- EPAM Systems reported Q2 2026 net income of $102.98 million, up from $88.03 million year over year. (single source)
- EPAM Systems' Q2 2026 earnings per share were $1.97, up from $1.56 last year. (single source)
- Adjusted Q2 2026 net income was $176.81 million, up from $156.79 million year over year. (single source)
- Adjusted Q2 2026 earnings per share were $3.38, up from $2.77 last year. (single source)
- Q2 2026 revenue was $1.41 billion, up from $1.35 billion in the prior year. (single source)
- EPAM expects Q3 2026 revenue of $1.410‑$1.425 billion, EPS $2.33‑$2.41 and adjusted EPS $3.38‑$3.46. (single source)
- EPAM lowered its full‑year 2026 revenue growth outlook to 3.2‑4.2%, down from 4.0‑6.5%. (single source)
- EPAM lowered its full‑year 2026 EPS outlook to $8.22‑$8.38 and adjusted EPS to $13.08‑$13.24. (single source)

## Timeline

### 2026-08-05: Axon Enterprise Q2 earnings beat estimates as revenue rises, gross margin falls

Axon Enterprise posted Q2 revenue of $904 M and EPS $1.88, beating forecasts, but gross margin fell to 62.9% and the stock dropped over 6% after hours.

9 sources. https://clstr.news/cluster/axon-enterprise-reports-lower-q2-gross-margin-as-services-mix-rises

### 2026-08-05: EPAM Systems posts Q2 earnings rise and trims 2026 outlook

EPAM Systems Q2 2026 net income rose to $102.98 M, revenue to $1.41 B, but the company cut its full‑year outlook, forecasting lower growth and earnings.

3 sources. https://clstr.news/cluster/epam-systems-reports-q2-earnings-rise-and-lowers-fy2026-outlook

---
Cite as: US tech earnings reports. CLSTR, https://clstr.news/situations/us-tech-earnings-reports