EarningsQ2 2026 Earnings Report
MX:GLOBN Q2 2026 EPS Results
Actual EPS$25.61
Consensus EPS$27.41
Beat/MissMissed by -$1.79
One Year Ago EPS$27.99
MX:GLOBN Q2 2026 Revenue Results
Actual Revenue$11.24B
Expected Revenue$11.21B
Beat/MissBeat by +$28.56M
YoY Revenue Growth+0.04%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
MX:GLOBN Upcoming Earnings
Globant SA's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GLOBN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear, high-impact progress on the company's AI-native strategy (Glob.AI and AI Pods) — including rapid ARR growth, expanding pipeline, strong top-account performance, productivity gains, platform launch and strategic partnerships — against near-term operational and macro headwinds: region-specific project delays, FX pressure, below-target utilization, a one-time optimization charge, and a modest downward revision of full-year revenue and margin guidance. Management emphasized deliberate investment in the AI transition and cost optimization to protect margins while positioning for recurring, higher-margin revenue over time.Company Guidance
Rapid Glob.AI ARR Expansion
Glob.AI ARR reached $52.8 million as of June, up from $32.8 million in March — roughly 60% growth in one quarter — and management expects to exit 2026 at no less than $110 million in Glob.AI ARR.
Stronger Pipeline and Client Adoption
Pipeline increased to $436.8 million from $352 million in Q1; AI Pods adopted by 45 clients and penetration reached ~45% of top 20 accounts, indicating accelerating customer conversion to the AI-native model.
Higher Margins for AI-Native Delivery
Management reported that gross margins on the AI Pods model run approximately 10 percentage points above traditional delivery, and AI Pods are expected to operate with margins above company average as mix increases.
Top Account Growth and High Repeat Business
96% of Q2 revenue came from repeat customers; top 20 and top 50 clients grew 6.6% and 6.9% year-over-year respectively, with 16 of top 20 relationships showing positive YoY growth.
Revenue Per Head and Productivity Gains
Revenue per head reached a run-rate of $95,800, up 9.7% year-over-year; company reported +30% productivity vs typical engineer+AI approaches and headcount down ~10% YoY while revenue per head increased ~10% YoY.
Data & AI Studio Growth
Data and AI Studio became the company's second-largest studio at nearly 11% of sales, growing ~35% year-over-year.
Strong Cash Flow and Balance Sheet Actions
H1 2026 free cash flow was a record $48.7 million; Q2 cash & short-term investments $168.8 million, net debt $253.1 million; board authorized share repurchase program up to $125 million.
Product Launches and Strategic Partnerships
Launched Glob.AI platform to market; appointed Sarab Narang as Glob.AI CEO; announced multi-year alliance with Anthropic, selected partner status with OpenAI, and deeper partnerships with Vercel and others; notable customer wins (FIFA, British Airways, Gulf bank) and creative awards via GUT.
Delivered On Guidance and Sequential Top-Line Growth
Q2 revenue was $614.4 million, within guided range and up 1.2% sequentially, returning to slight year-over-year growth (with ~80 bps FX tailwind). Adjusted net income was $60.3 million and adjusted diluted EPS was $1.40 for the quarter.
MX:GLOBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed