Globant Q2 EPS Misses, Guides FY26 Revenue Down ~1%, Names New Glob.AI CEO
GLOB sits 26% above its 52-week low of $27.56 on elevated volume (1.9× avg).
Summary
Globant reported Q2 revenue of $614.4M (flat YoY) and adjusted EPS of $1.40, missing consensus. FY26 revenue guidance implies a decline of up to 1.1%. Glob.AI ARR jumped 61% QoQ to $52.8M, and the company named Sarabdeep Narang as CEO of Glob.AI.
Key Events · Earnings and Guidance · GLOB
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Q2 EPS Misses Consensus
Adjusted diluted EPS of $1.40 missed the $1.50 estimate, while revenue of $614.4 million was flat year-over-year.
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FY26 Revenue Guidance Declines
Full-year 2026 revenue guided to $2,428M–$2,462M, implying a 1.1% decline to 0.3% growth year-over-year.
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Glob.AI ARR Surges 61% QoQ
Glob.AI ARR reached $52.8 million in Q2, up 61% quarter-over-quarter, with expectation of at least $110 million exiting 2026.
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New Glob.AI CEO Appointed
Sarabdeep Narang, formerly VP at ServiceNow and GM at AWS AI/ML, joins as CEO of Glob.AI effective August 18, 2026.
Analysis · GLOB · Technology
Globant's Q2 revenue of $614.4 million was flat year-over-year, but adjusted EPS of $1.40 missed the $1.50 consensus estimate. The company guided full-year 2026 revenue to decline up to 1.1%, reflecting a challenging demand environment. However, Glob.AI ARR surged 61% quarter-over-quarter to $52.8 million, and the company expects at least $110 million exiting 2026, signaling a strategic pivot toward AI-driven services. The appointment of Sarabdeep Narang as CEO of Glob.AI, with deep AWS and ServiceNow AI experience, underscores this shift. Free cash flow turned positive at $12.6 million, and the company completed its original buyback program, leaving $125 million available.
At the time of this filing, GLOB was trading at $34.66 on NYSE in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $27.56 to $79.67. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.