Quarterly ResultMay 14, 2026, 04:18 PM
Globant Q1 Revenue $607.1M, IFRS EPS $0.85; Announces $125M Buyback
AI Summary
Globant reported first-quarter 2026 financial results, with revenues of $607.1 million, exceeding the high end of its guidance despite a 0.7% year-over-year decline. The company achieved an IFRS Diluted EPS of $0.85 and a Non-IFRS Adjusted Diluted EPS of $1.50. Globant generated $36.1 million in free cash flow and announced a new $125 million share repurchase program, following the completion of its previous program. The company is strategically pivoting towards AI-native tech services, with its AI Pods reaching $32.8 million in ARR.
Key Highlights
- Q1 2026 Revenues were $607.1 million, a 0.7% year-over-year decline, exceeding company guidance.
- IFRS Diluted EPS was $0.85, compared to $0.68 in Q1 2025.
- Non-IFRS Adjusted Diluted EPS was $1.50, flat compared to $1.50 in Q1 2025.
- The company generated $36.1 million in free cash flow during the first quarter.
- Globant announced a new $125 million share repurchase program.
- AI Pods Annual Recurring Revenue (ARR) reached $32.8 million as of March 2026.
- Q2 2026 revenue is estimated to be in the range of $610 million to $616 million.
- Fiscal year 2026 revenues are estimated to be in the range of $2,462 million to $2,508 million.