Globant (NYSE:GLOB) Updates Q3 2026 Earnings Guidance

Globant (NYSE:GLOB) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.430-1.430 for the period, compared to the consensus EPS estimate of 1.520. The company issued revenue guidance of $607.0 million-$615.0 million, compared to the consensus revenue estimate of $626.2 million. Globant also updated its FY 2026 guidance to 5.750-6.150 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GLOB. Wedbush lowered shares of Globant from an “outperform” rating to a “neutral” rating and cut their target price for the company from $54.00 to $37.00 in a research note on Friday. Canaccord Genuity Group set a $35.00 price target on shares of Globant in a research note on Friday. Susquehanna lowered their price objective on shares of Globant from $78.00 to $70.00 and set a “positive” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft set a $33.00 target price on Globant in a report on Friday, July 10th. Finally, Truist Financial decreased their target price on Globant from $44.00 to $38.00 and set a “hold” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.38.

Globant Trading Down 8.9%

NYSE:GLOB opened at $37.35 on Friday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 14.65, a PEG ratio of 1.55 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 1.82. Globant has a one year low of $27.56 and a one year high of $72.10. The company’s 50-day simple moving average is $33.79 and its 200 day simple moving average is $42.34.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.25%. The business had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. During the same period in the prior year, the business posted $1.53 EPS. Globant’s revenue for the quarter was up .0% on a year-over-year basis. 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, analysts forecast that Globant will post 4.89 EPS for the current fiscal year.

Globant announced that its board has authorized a stock repurchase program on Monday, May 18th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Trending Headlines about Globant

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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its holdings in Globant by 9.4% in the second quarter. IHT Wealth Management LLC now owns 4,390 shares of the information technology services provider’s stock worth $399,000 after acquiring an additional 376 shares in the last quarter. Sora Investors LLC increased its holdings in shares of Globant by 0.4% during the fourth quarter. Sora Investors LLC now owns 85,714 shares of the information technology services provider’s stock valued at $5,603,000 after acquiring an additional 379 shares in the last quarter. State of Wyoming raised its position in shares of Globant by 78.9% in the 2nd quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock worth $80,000 after purchasing an additional 389 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 worth $60,000 after purchasing an additional 398 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Globant by 61.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,163 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.