{
  "id": 803317,
  "title": "Globant shares tumble 17% on weak guidance despite revenue beat",
  "url": "https://urgent.news/2026/08/13/globant-shares-tumble-17-on-weak-guidance-despite-revenue-beat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T20:34:11.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/globant-shares-tumble-17-on-weak-guidance-despite-revenue-beat-93CH-4859195"
  },
  "original_language": "en",
  "account": "Luxembourg-based software services firm Globant (NYSE:GLOB) saw its shares plummet by 17% after releasing second quarter financial results and guidance that failed to meet analyst expectations. The company reported adjusted earnings per share (EPS) of $1.40, falling short of the $1.50 consensus. Revenue for the quarter amounted to $614.4 million, slightly surpassing the $613.02 million estimate, but remained static compared to the $614.2 million reported during the same period last year. Despite a modest revenue increase, the company's guidance for the third quarter fell far below expectations, projecting revenue between $607 million and $615 million, significantly lower than the $624.6 million consensus figure.\n\nGlobant's CFO, Juan Urthiague, highlighted the company's resilience in executing its business strategies, achieving a record free cash flow generation for the first half of the year. For the third quarter, the company expects adjusted EPS of $1.43 to $1.53, with a midpoint of $1.48, which is below the $1.58 consensus. Full-year 2026 revenue guidance is set between $2.43 billion and $2.46 billion, a midpoint of $2.445 billion, trailing the $2.48 billion analyst estimate. Similarly, full-year adjusted EPS guidance of $5.75 to $6.15, with a midpoint of $5.95, also fell short of the $6.19 consensus. Globant's Glob.AI annual recurring revenue grew by 61% to $52.8 million in the quarter, with management expecting at least $110 million by the end of 2026. The company's total employee count stood at 27,411, down from 30,084 in the previous year, indicating ongoing business optimization efforts.",
  "summary": null,
  "key_points": [
    "Globant shares drop 17% after missing earnings and guidance expectations",
    "Revenue of $614.4 million slightly beat estimates but flat year-over-year",
    "Guidance for Q3 and full-year 2026 below market consensus"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}