Globant (NYSE:GLOB) Updates Q2 2026 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.450-1.550 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of $610.0 million-$616.0 million, compared to the consensus revenue estimate of $613.5 million. Globant also updated its FY 2026 guidance to 6.100-6.500 EPS.

Globant Trading Up 14.4%

Shares of NYSE GLOB opened at $38.98 on Friday. The stock’s 50 day moving average price is $44.57 and its two-hundred day moving average price is $55.93. Globant has a 52-week low of $32.50 and a 52-week high of $107.12. The stock has a market capitalization of $1.71 billion, a P/E ratio of 15.84, a PEG ratio of 1.26 and a beta of 1.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB) last announced its quarterly earnings data on Thursday, May 14th. The information technology services provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Globant had a return on equity of 9.86% and a net margin of 4.46%.The firm had revenue of $607.09 million for the quarter, compared to analysts’ expectations of $601.66 million. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Globant’s revenue for the quarter was down .7% compared to the same quarter last year. Globant has set its FY 2026 guidance at 6.100-6.500 EPS and its Q2 2026 guidance at 1.450-1.550 EPS. On average, analysts anticipate that Globant will post 4.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GLOB has been the topic of a number of research reports. Susquehanna dropped their price target on Globant from $90.00 to $78.00 and set a “positive” rating on the stock in a research report on Friday. Wedbush set a $54.00 price target on Globant in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. TD Cowen dropped their price target on Globant from $74.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, Guggenheim dropped their price target on Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.81.

More Globant News

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Globant reported Q1 2026 revenue of $607.1 million, above the top end of its own guidance, while adjusted EPS of $1.50 met expectations; the company also generated $36.1 million in free cash flow, which investors may view as a positive sign of profitability and execution. Article Title
• Positive Sentiment: The board authorized a new $125 million share repurchase program, which can support the stock by signaling confidence in the business and returning capital to shareholders. Article Title
• Neutral Sentiment: Management guided Q2 revenue to $610 million-$616 million and full-year 2026 revenue to $2.462 billion-$2.508 billion, with a 14%-15% adjusted operating margin target; these outlook figures suggest a focus on disciplined growth rather than a dramatic acceleration. Article Title
• Neutral Sentiment: Trading activity in GLOB options surged, with call volume far above normal, which may indicate speculation that the recent earnings and buyback news could fuel further upside. Article Title
• Negative Sentiment: Truist lowered its price target on Globant to $44 from $54, showing some caution even though it kept a hold rating. Article Title
• Negative Sentiment: Multiple law firms have announced or promoted class-action lawsuits and lead-plaintiff deadlines against Globant, adding overhang and uncertainty for investors. Article Title

Institutional Trading of Globant

Several large investors have recently added to or reduced their stakes in GLOB. Advisors Asset Management Inc. increased its position in Globant by 77.4% in the 4th quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock valued at $60,000 after acquiring an additional 398 shares during the period. CIBC Private Wealth Group LLC increased its position in Globant by 83.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,125 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 511 shares during the period. State of Wyoming increased its position in Globant by 78.9% in the 2nd quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock valued at $80,000 after acquiring an additional 389 shares during the period. Parallel Advisors LLC increased its position in Globant by 273.0% in the 4th quarter. Parallel Advisors LLC now owns 1,365 shares of the information technology services provider’s stock valued at $89,000 after acquiring an additional 999 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Globant in the 4th quarter valued at approximately $105,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.