Globant Reports Q1 2026 Results with Focus on AI Services Pivot

Globant announced in a press release its financial results for the first quarter of 2026, reporting revenue of $607.1 million, which exceeded the company's guidance but represented a 0.7 percent decline from the same period in 2025. IFRS profit from operations margin was 8.5 percent, while adjusted profit from operations margin reached 14.1 percent. Diluted earnings per share were $0.85 under IFRS and $1.50 on a non-IFRS basis.

The company highlighted progress in its pivot toward AI focused technology services. CEO Martín Migoya said that Globant is moving beyond the traditional professional services model through its AI Pods, which reached an annual recurring revenue of $32.8 million as of March 2026. CFO Juan Urthiague added that the company achieved record revenue per head and generated $36.1 million in free cash flow.

Globant ended the quarter with 28,510 employees, including 26,702 technology, design, and innovation professionals. The company invested $50 million under its previous share repurchase program and announced a new $125 million plan. As of March 31, 2026, cash and short term investments totaled $200.5 million. North America accounted for 53.5 percent of total revenue, followed by Latin America at 20.5 percent and Europe at 19.7 percent.