EPAM Systems and Western Digital Post Mixed Results Amid AI Storage Demand

Key Facts

1EPAM Systems reported Q2 revenue growth of 4.6% reaching USD 1.41 billion.

2Western Digital achieved robust Q4 revenue growth of 44% with adjusted EPS of USD 3.56.

3Western Digital provided strong Q1 FY2027 guidance with 45% growth expected, driven by AI storage demand.

EPAM Systems reported Q2 revenue growth of 4.6% reaching USD 1.41 billion, according to Ad Hoc News. Meanwhile, Western Digital achieved robust Q4 revenue growth of 44% with adjusted EPS of USD 3.56. The company also provided strong guidance for Q1 FY2027, forecasting 45% growth driven by sustained demand for AI-related storage solutions.

WDC closed at USD 453.48 on September 29, 2026, after reaching a session high of USD 465.9. EPAM closed at USD 107.14 on September 29, 2026, with the company's market capitalization standing at USD 5.6 billion as of September 30, 2026. These results highlight the diverging impact of AI demand across the technology sector, providing a more direct boost to hardware and storage providers than to IT services firms.