Globant Q1 revenue slightly beats estimates; sets $125 mln share repurchase

Globant SA

14/05/2026 21:28

Overview

Luxembourg IT services firm's Q1 revenue slightly beat analyst expectations, down 0.7% yr/yr

Adjusted EPS for Q1 met analyst consensus

Company announced new $125 mln share repurchase plan after completing prior program

Outlook

Globant sees Q2 revenue between $610 mln and $616 mln, with a positive FX impact of 100 bps

Company expects Q2 non-IFRS adjusted diluted EPS of $1.45 to $1.55

Globant projects 2026 revenue of $2,462 mln to $2,508 mln, including a 100 bps FX benefit

Result Drivers

AI-FOCUSED DELIVERY - Co said early benefits from pivot to AI-integrated delivery supported Q1 results

TOP CLIENT GROWTH - Growth of top clients contributed to revenue performance, per co

RECORD REVENUE PER HEAD - Co said record revenue per head demonstrated higher value and efficiency

Company press release: ID:nPnbG8mPNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$607.10 mln
$601.70 mln (17 Analysts)
Q1 Adjusted EPS
Meet
$1.50
$1.50 (16 Analysts)
Q1 EPS
$0.85
Q1 Gross Margin
34.50%
Q1 Adjusted Gross Margin
37.00%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Globant SA is $65.00, about 98.5% above its May 13 closing price of $32.75

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)