Globant (NYSE:GLOB) Shares Gap Down on Disappointing Earnings

Posted by Stanley Muller on Aug 14th, 2026

Globant S.A. (NYSE:GLOB – Get Free Report) shares gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $40.99, but opened at $38.21. Globant shares last traded at $38.1280, with a volume of 1,021,845 shares trading hands.

The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The firm had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. Globant had a return on equity of 9.87% and a net margin of 4.46%.The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous 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.

Globant declared that its board has initiated a share buyback plan on Monday, May 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Key Globant News

Here are the key news stories impacting Globant this week:

Positive Sentiment: Globant reported Glob.AI annual recurring revenue of $52.8 million in the second quarter, up 61% sequentially, and expects to exit 2026 with at least $110 million in Glob.AI ARR. The company also announced that FIFA selected Globant to develop a year-round AI-powered fan ecosystem. Globant Reports 2026 Second Quarter Financial Results FIFA Picks Globant to Run a Year-Round AI Fan Ecosystem
Positive Sentiment: Operating cash flow increased to $30.2 million, while cash and cash equivalents stood at $163.8 million and total liabilities declined, indicating continued balance-sheet and cash-generation support. An insider also reportedly purchased 25,000 shares, although insider activity is limited.
Neutral Sentiment: Goldman Sachs lowered its price target from $60 to $52 and maintained a Neutral rating. The new target implies substantial potential upside from the recent share price, but the reduction reflects more cautious expectations. Benzinga
Negative Sentiment: Second-quarter adjusted earnings were $1.40 per share, below the approximately $1.49–$1.50 consensus and down from $1.53 a year earlier. Revenue of $614.4 million was roughly flat year over year, while gross profit declined 4.3%, raising concerns about demand and margins. 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 analyst expectations of $626.2 million and $1.52, respectively. Full-year revenue guidance of $2.4 billion to $2.5 billion also trails the $2.5 billion consensus midpoint, reinforcing concerns that the AI transition and broader IT-services demand will take time to drive renewed growth. Globant Stock Outlook Cut

Analysts Set New Price Targets

Several equities analysts have commented on GLOB shares. Wedbush downgraded Globant from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $54.00 to $37.00 in a research report on Friday. Guggenheim lowered their target price on shares of Globant from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. Truist Financial lowered their target price on Globant from $54.00 to $44.00 and set a “hold” rating for the company in a report on Friday, May 15th. Itau BBA Securities lowered shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a report on Wednesday, July 8th. Finally, UBS Group set a $43.00 target price on Globant in a research report on Friday. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Globant has a consensus rating of “Hold” and an average price target of $49.00.

View Our Latest Stock Report on GLOB

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLOB. Sanctuary Advisors LLC lifted its position in Globant by 7.2% during the fourth quarter. Sanctuary Advisors LLC now owns 3,801 shares of the information technology services provider’s stock valued at $248,000 after purchasing an additional 255 shares during the last quarter. CWM LLC grew its holdings in Globant by 33.7% in the 4th quarter. CWM LLC now owns 1,151 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 290 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Globant by 27.1% in the 1st quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock worth $80,000 after buying an additional 370 shares during the last quarter. IHT Wealth Management LLC lifted its stake 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 during the period. Finally, Sora Investors LLC increased its position in Globant by 0.4% during the 4th quarter. Sora Investors LLC now owns 85,714 shares of the information technology services provider’s stock valued at $5,603,000 after purchasing an additional 379 shares during the period. 91.60% of the stock is owned by institutional investors.

Globant Trading Down 5.6%

The company has a market capitalization of $1.70 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.46 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. The stock’s 50 day moving average is $33.81 and its 200-day moving average is $42.37.

Globant Company Profile

(Get Free Report)

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.