EPAM’s revenue primarily comes from: 1) Core digital engineering and platform development for enterprises—AI contributes indirectly via AI-enabled delivery and AI‑ready modernization. 2) Cloud and data engineering/modernization—AI indirectly drives demand; limited direct AI. 3) AI‑native services and platforms (DIAL, AI/RUN, agentic workflows, AI as a service)—direct AI revenue, growing double digits sequentially. 4) Consulting/experience, cybersecurity, and vertical solutions—AI-enhanced but not predominantly AI. Overall, AI is a meaningful, fast-growing minority of revenue.