Core Insights - Globant S.A. filed its annual report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission [1] - The report is accessible on the SEC's website and Globant's investor relations page [1] - Shareholders can request a hard copy of the complete audited financial statements free of charge [1] Company Overview - Globant is a digitally native technology services company focused on helping organizations thrive in a digital and AI-powered future [1] - The company employs over 28,700 individuals and operates in more than 30 countries across five continents [1] - Globant's clientele includes major companies such as Google, Electronic Arts, and Santander [1] Industry Position - Globant has been recognized as a Worldwide Leader in Customer Experience Improvement by IDC MarketScape [1] - The company has been featured as a business case study at prestigious institutions like Harvard, MIT, and Stanford [1] - Globant is a member of the Cybersecurity Tech Accord, indicating its commitment to cybersecurity [1]

Core Insights - Globant reported its highest revenue and strongest free cash flow in 2025, with a fourth-quarter revenue of $612.5 million, exceeding guidance and reflecting improved client sentiment [1][3] - The company is transitioning to a token-based, intelligent subscription model, moving beyond the traditional 'seats' model, and focusing on AI-native Pods for software development [1][2] - The company achieved a record quarterly free cash flow of $152.8 million, indicating strong operational discipline [1][3] Fourth Quarter 2025 Financial Highlights - Non-IFRS Adjusted Diluted EPS was $1.54, down from $1.75 in Q4 2024 [1][3] - IFRS Diluted EPS increased to $0.93 from $0.85 in Q4 2024 [1][3] - Non-IFRS Adjusted Profit from Operations Margin was 15.5%, slightly down from 15.7% in Q4 2024 [1][3] - Revenues for Q4 2025 were $612.5 million, representing a 4.7% year-over-year decline [1][3] Full Year 2025 Financial Highlights - Non-IFRS Adjusted Diluted EPS was $6.14, compared to $6.40 in 2024 [1][3] - IFRS Diluted EPS decreased to $2.29 from $3.72 in 2024 [1][3] - Revenues rose to $2,454.9 million, reflecting a 1.6% year-over-year growth [1][3] Customer and Geographic Insights - In 2025, Globant served 944 customers, with 336 accounts generating over $1 million in annual revenues [1][3] - Revenue breakdown for Q4 2025: 53.8% from North America, 21.1% from Latin America, 19.3% from Europe, and 5.8% from New Markets [1][3] Cash Flow and Investment Highlights - The company invested $50 million in its share repurchase program during Q4 2025 [1][3] - Cash and cash equivalents were $250.3 million as of December 31, 2025 [1][3] 2026 Outlook - For FY 2026, Non-IFRS Adjusted Diluted EPS is estimated to be between $6.10 and $6.50 [1][3] - FY 2026 revenues are projected to be between $2,460 million and $2,510 million, indicating a year-over-year growth of 0.2% to 2.2% [1][3] - Q1 2026 revenues are estimated to be between $598 million and $604 million, representing a decline of 2.1% to 1.2% year-over-year [1][3]

Core Insights - Globant's report "Tech Trends 2026" outlines five key forces that will shape the future of AI maturity in enterprises, emphasizing the transition from AI experimentation to operational, scalable intelligence [1][3][4] Group 1: Key Forces Defining the Future - **Agentic AI**: Transitioning from passive assistants to autonomous systems that deliver measurable ROI, particularly in retail through personalized interactions and secure transactions [5] - **Quantum Communication**: Emerging as a disruptor with quantum encryption enabling ultra-secure data exchange, projected to contribute 18% of global quantum algorithm revenues from AI applications by 2026 [5] - **Robotic Function**: Robotics expanding beyond warehouses into sectors like healthcare and logistics, with the global robotics market expected to reach nearly $280 billion by 2034 [5] - **Ambient Intelligence**: Enhancing user experience by anticipating needs through predictive AI and edge computing, thus redefining efficiency [5] - **AI in Cybersecurity**: Organizations utilizing AI for threat detection save an average of $1.9 million per breach, highlighting the need for predictive, AI-powered defense mechanisms [5] Group 2: Industry Evolution and Strategic Implications - The evolution of AI in 2026 necessitates enterprises to advance operational strategies, integrating AI seamlessly into their organizations for effective digital transformation [6] - Companies that establish clear guidelines and governance frameworks are beginning to see measurable impacts from their AI initiatives, marking a shift towards AI maturity [2][3]

Core Insights - Globant SA reported third-quarter earnings of $1.53 per share, missing the analyst consensus estimate of $1.54 per share, while quarterly sales reached $617.143 million, surpassing the consensus estimate of $615.376 million [1] Group 1: Financial Performance - The company's earnings per share (EPS) for the third quarter was $1.53, which was below the expected $1.54 [1] - Quarterly sales amounted to $617.143 million, exceeding the analyst consensus of $615.376 million [1] Group 2: Strategic Focus - The CEO of Globant emphasized the company's commitment to a long-term growth strategy based on four pillars: AI Pods, subscription model, AI Studios, and Globant Enterprise AI platform [2] - The company announced AI-transformational projects for top clients in various industries, indicating a focus on high-potential accounts [2] - The vision is to be the partner of choice for organizations implementing AI across multiple layers, supported by an entrepreneurial culture [2] Group 3: Market Reaction - Following the earnings announcement, Globant shares fell by 0.7%, trading at $62.41 [3] - Analysts adjusted their price targets for Globant, with Needham maintaining a Buy rating but lowering the target from $85 to $80, and JP Morgan maintaining a Neutral rating with a target reduction from $78 to $75 [8]

Core Insights - Globant reported third quarter revenues of $617.1 million, marking a 0.4% year-over-year growth, and generated $67.5 million in free cash flow [3][8][10] - The company emphasized its commitment to long-term growth through AI-driven solutions and a focus on high-potential accounts [2][3] - Adjusted operating margin increased to 15.5%, despite currency headwinds, reflecting improved profitability [3][8] Financial Highlights for Q3 2025 - Revenues reached $617.1 million, with an adjusted operating margin of 15.5% [3][8] - IFRS diluted EPS was $0.73, down from $0.98 in Q3 2024, while non-IFRS adjusted diluted EPS was $1.53, compared to $1.63 in the same period last year [8] - Gross profit margin was 34.8%, a decrease from 36.2% in Q3 2024 [8] Financial Highlights for Nine Months Ended September 30, 2025 - Total revenues for the nine months were $1,842.4 million, representing a 3.9% year-over-year growth [8] - IFRS diluted EPS for the nine months was $1.35, down from $2.88 in the previous year, while non-IFRS adjusted diluted EPS was $4.57, compared to $4.67 [8] - The gross profit margin for the nine months was 35.0%, compared to 35.8% in the same period of 2024 [8] Operational Metrics - As of September 30, 2025, Globant employed 29,020 individuals, with 27,123 in technology, design, and innovation roles [8][24] - Revenue breakdown for Q3 2025: 53.8% from North America, 19.9% from Latin America, 19.4% from Europe, and 6.9% from new markets [8][24] - The company served 978 customers in the last twelve months, with 339 accounts generating over $1 million in annual revenues, an increase from 331 year-over-year [8][24] Future Outlook - For Q4 2025, revenues are estimated to be at least $605.0 million, reflecting a -5.8% year-over-year decline [10][14] - Fiscal year 2025 revenues are projected to be at least $2,447.4 million, indicating a minimum of 1.3% year-over-year growth [10][14] - Non-IFRS adjusted profit from operations margin for Q4 2025 is expected to be at least 15.0% [10][14]

Core Insights - Globant and LALIGA have signed a Memorandum of Understanding (MoU) to transform LALIGA's operations through the adoption of artificial intelligence (AI) [1][4] - The partnership will utilize Globant's AI Pods subscription model, which consists of teams of AI agents supervised by experts to enhance operational efficiency [2][4] - The collaboration aims to create AI agents in key areas such as talent development, operations, and technology to improve sports performance analysis and workflow automation [3][4] Company Overview - Globant is a digitally native company focused on reinventing businesses through innovative technology solutions, with a strong emphasis on AI and digital transformation [1][8] - LALIGA is the largest football ecosystem globally, comprising 20 clubs in LALIGA EA SPORTS and 22 in LALIGA HYPERMOTION, with a significant social media following of over 258 million [6][7] Strategic Goals - LALIGA aims to incorporate AI as a strategic pillar for operational excellence and to modernize its competition, enhancing fan engagement [4] - The partnership is expected to set a precedent in the sports industry by being the first global sports organization to adopt agentic AI models [4][5] Technological Impact - The AI Pods model has been successfully implemented in various industries, including aviation and banking, indicating its potential for scalability and effectiveness in sports [2][3] - Sportian, the joint venture between Globant and LALIGA, will leverage AI to create a comprehensive suite of technological solutions for sports organizations [3][5]

Core Insights - Globant will release its third quarter financial results for the period ending September 30, 2025, on November 13, 2025, after market hours [1][4] - Following the earnings release, a video conference call will be held with key executives discussing the results, starting at 4:30 pm ET [2] Company Overview - Globant is a digitally native company focused on transforming businesses through innovative technology solutions, emphasizing digital reinvention and AI-powered services [3][5] - The company employs over 30,000 people across more than 35 countries and serves notable clients such as Google, Electronic Arts, and Santander [5] - Globant has been recognized as a leader in AI services and media consultation by IDC MarketScape and is noted as the fastest-growing IT brand globally [5] Recent Developments - Globant and YPF have launched Digital Suppl.AI, an AI-based platform aimed at modernizing and optimizing supply chain processes [6]

Core Viewpoint - Globant S.A. has approved a new share repurchase program, allowing for the repurchase of up to $50 million per quarter, with a total maximum of $125 million from Q4 2025 to Q4 2026 [1][11]. Group 1: Share Repurchase Program Details - The share repurchase program reflects the company's confidence in its long-term strategy and aims to enhance shareholder value [2]. - The program is supported by the company's free cash flow generation and is part of a disciplined capital allocation strategy, while still allowing for investments in strategic growth initiatives [3]. - Repurchases will be made at the discretion of the company, influenced by various factors such as market conditions, share price, and corporate liquidity [4][5]. Group 2: Company Overview and Market Position - Globant operates in over 35 countries with more than 30,000 employees, serving major clients like Google and Electronic Arts [8]. - The company has been recognized as a leader in AI services and media consultation, and is noted as the fastest-growing IT brand globally [8]. - Globant is actively involved in partnerships with major technology firms like Open AI and NVIDIA, focusing on innovation across industries [8].

Core Insights - Globant has entered into a multi-year strategic collaboration agreement with Amazon Web Services (AWS) to enhance global support for cloud migrations and generative AI adoption [1][2][3] - The collaboration focuses on various industries including Media and Entertainment, Banking and Financial Services, and Automotive, aiming to modernize operations and improve customer experiences [2][3] Group 1: Strategic Collaboration - The agreement builds on over a decade of partnership between Globant and AWS, enhancing their capabilities in cloud innovation and AI adoption [3] - Globant will utilize AWS services to support digital transformation initiatives across multiple sectors, leveraging its global presence and industry expertise [2][3] Group 2: Industry-Specific Solutions - The collaboration aims to deliver tailored solutions that address unique industry challenges, such as real-time analytics for Formula 1 and customer experience reimagination for financial institutions [3][4] - Globant's AWS Studio, launched in August 2023, serves as a center of excellence for AWS solutions, further strengthening their partnership [3][4] Group 3: Competencies and Recognition - Globant has achieved AWS Premier Tier Services Partner status and various competencies, including Managed Security Services Provider and Media and Entertainment Competency, highlighting its expertise in cloud security and service delivery [3][4] - The partnership emphasizes the importance of cybersecurity, providing clients with 24/7 monitoring and protection to innovate confidently [4] Group 4: Broader Strategy - The collaboration aligns with Globant's strategy to transform traditional IT services through AI-driven models, such as AI Pods, which offer speed, flexibility, and cost efficiency [5][6] - Globant's focus on digital reinvention and AI capabilities aims to turn challenges into measurable business results for clients [6]

Core Insights - Globant reported a revenue of $614.2 million for Q2 2025, reflecting a 4.5% year-over-year growth [7] - The company’s pipeline reached an all-time high of $3.7 billion, up 25% year-over-year, driven by strong demand for its AI-related offerings [2][3] - The adjusted diluted EPS for Q2 2025 was $1.53, compared to $1.51 in Q2 2024 [7] Financial Performance - Revenues for the first half of 2025 totaled $1.225 billion, compared to $1.159 billion in the same period of 2024 [16] - The adjusted operating margin for Q2 2025 was 15.0%, consistent with the previous year [7] - The company incurred a one-time charge of $47.6 million as part of its Business Optimization Plan [3][21] Market Position and Strategy - Globant is positioning itself as a full-stack AI company, focusing on AI Pods, subscription models, and the Globant Enterprise AI platform [2] - The geographic revenue breakdown for Q2 2025 showed 54.1% from North America, 19.7% from Latin America, 19.6% from Europe, and 6.6% from new markets [7] - The company served 981 customers in the last twelve months, with 339 accounts generating over $1 million in annual revenues [7][22] Future Outlook - For Q3 2025, revenues are estimated to be at least $615.0 million, indicating a slight growth [7] - The fiscal year 2025 revenue is projected to be at least $2.445 billion, implying a year-over-year growth of at least 1.2% [13] - The estimated Non-IFRS Adjusted Profit from Operations Margin for fiscal year 2025 is at least 15.0% [13]