Globant SA (NYSE:GLOB) reported mixed second-quarter financial results and cut its FY26 guidance below estimates on Thursday.
Globant reported quarterly earnings of $1.40 per share, which missed the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $614.417 million, which beat the analyst consensus estimate of $613.062 million.
Globant said it sees third-quarter adjusted EPS of $1.43-$1.53, versus market estimates of $1.59. The company sees sales of $607.000 million-$615.000 million, versus estimates of $625.791 million.
“In the second quarter of 2026, Globant demonstrated resilient execution, generating $614.4 million in revenue—within our guided range—and delivering record free cash flow generation for the first half of the year. Expansion across our top accounts remained strong, reflecting a 6.9% year-over-year increase in our top 50 clients alongside accelerating market adoption of our higher-margin AI Pods and Glob.AI platform. To navigate broader market volatility and to align with our business model transformation needs, we proactively optimized our structure during the quarter, all while we continued executing on our share repurchase program,” said Juan Urthiague, Globant’s CFO.
Globant shares dipped 11.8% to $36.15 in pre-market trading.
These analysts made changes to their price targets on Globant following earnings announcement.
- Needham analyst Mayank Tandon maintained the stock with a Buy and lowered the price target from $50 to $45.
- Goldman Sachs analyst James Schneider maintained the stock with a Neutral and cut the price target from $60 to $52.
Considering buying GLOB stock? Here’s what analysts think:
Photo via Shutterstock