Globant (NYSE:GLOB) Issues FY 2026 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.750-6.150 for the period, compared to the consensus EPS estimate of 5.940. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q3 2026 guidance to 1.430-1.430 EPS.

Globant Trading Down 8.9%

Shares of GLOB opened at $37.35 on Friday. Globant has a fifty-two week low of $27.56 and a fifty-two week high of $72.10. The business has a 50-day moving average of $33.79 and a 200 day moving average of $42.34. The firm has a market cap of $1.64 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.10). The business had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.25%. Globant’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. As a group, research analysts forecast that Globant will post 4.89 EPS for the current year.

Globant declared that its board has approved a stock buyback program on Monday, May 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLOB. Deutsche Bank Aktiengesellschaft set a $33.00 price objective on shares of Globant in a research note on Friday, July 10th. Guggenheim cut their price target on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday. William Blair cut Globant from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Citigroup decreased their price objective on Globant from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Canaccord Genuity Group set a $35.00 price objective on Globant in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.38.

More Globant News

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Globant reported second-quarter revenue of approximately $614.4 million, slightly above analysts’ expectations. The company also highlighted strong momentum in its Glob.AI business, with annual recurring revenue reaching $52.8 million, up 61% sequentially, and management expects Glob.AI ARR to exceed $110 million by year-end. Globant Reports 2026 Second Quarter Financial Results
• Positive Sentiment: Operating cash flow increased to $30.2 million, while total liabilities declined, indicating continued cash generation and a relatively solid balance sheet. TD Cowen and Guggenheim maintained “buy” ratings, with revised targets of $45 and $50, respectively. Analyst rating updates
• Neutral Sentiment: Despite the near-term pressure, several analysts’ revised targets remain above the stock’s recent trading level. JPMorgan and Goldman Sachs maintained neutral ratings with targets of $44 and $52, while Truist assigned a hold rating and a $38 target, signaling limited near-term upside in its view. What’s going on with Globant stock on Friday?
• Negative Sentiment: Second-quarter adjusted EPS was $1.40, below the $1.50 consensus estimate and down from $1.53 a year earlier. Revenue was essentially flat year over year, while gross profit declined 4.3%, reinforcing concerns about margin pressure and weak growth. Globant Q2 Earnings Lag Estimates
• Negative Sentiment: Third-quarter revenue guidance of $607 million to $615 million and EPS guidance of $1.43 were below consensus estimates of $626.2 million and $1.52. Full-year revenue guidance also trailed expectations, prompting investors to reassess Globant’s growth outlook. Globant: The Transition To AI As A Service Will Take Time
• Negative Sentiment: Goldman Sachs, Guggenheim, TD Cowen, JPMorgan and Truist all lowered their price targets, reflecting reduced confidence in the pace of recovery. The market is also concerned that converting Globant’s AI investments into significant revenue will take time. Stocks to Watch Heading Into Friday

Institutional Investors Weigh In On Globant

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Globant by 8.5% during the fourth quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock valued at $116,209,000 after buying an additional 138,596 shares during the period. Wasatch Advisors LP increased its stake in Globant by 19.0% in the 4th quarter. Wasatch Advisors LP now owns 1,243,309 shares of the information technology services provider’s stock worth $81,275,000 after acquiring an additional 198,318 shares during the last quarter. Morgan Stanley increased its stake in Globant by 11.7% in the 4th quarter. Morgan Stanley now owns 1,027,471 shares of the information technology services provider’s stock worth $67,166,000 after acquiring an additional 107,989 shares during the last quarter. Nuveen LLC raised its holdings in shares of Globant by 80.2% in the 4th quarter. Nuveen LLC now owns 1,027,136 shares of the information technology services provider’s stock valued at $67,144,000 after acquiring an additional 456,999 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Globant by 6,875.8% during the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock valued at $84,413,000 after acquiring an additional 915,924 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Globant

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.