EPAM Systems Inc (NYSE: EPAM) saw its stock surge 5.68% in pre-market trading on Thursday, following the release of its impressive third-quarter 2025 financial results, an upward revision of its full-year guidance, and the announcement of a new share repurchase program.

The IT consultancy firm reported third-quarter revenue of $1.394 billion, surpassing analysts' expectations of $1.375 billion. Adjusted earnings per share (EPS) came in at $3.08, beating the consensus estimate of $3.03. The company's performance was driven by strong demand for IT services, particularly in areas related to artificial intelligence (AI) and digital transformation.

Adding to investor enthusiasm, EPAM Systems raised its full-year 2025 outlook for the third time this year. The company now projects annual revenue between $5.430 billion and $5.445 billion, with adjusted EPS ranging from $11.36 to $11.44. This upward revision reflects the ongoing trend of enterprises overhauling their legacy systems and moving towards cloud computing, automation, and AI integration. Additionally, EPAM announced a new share repurchase program with authorization to purchase up to $1.0 billion in stock, further boosting investor confidence. The combination of strong financial results, improved guidance, and the share buyback plan has contributed to the significant pre-market stock price jump, positioning EPAM Systems as a notable performer in the IT services sector.