Globant, the Argentine software firm listed on the NYSE as GLOB, has lost 80% of its market cap since early 2025, with shares down 39% over the past year to around $34-$40, after peaks above $70. The company is betting on its AI Pods, autonomous service units powered by AI and steered by human experts, billed on output rather than hours, to reinvent its business model. Its Glob.AI platform reached $52.8 million in annual recurring revenue as of June 2026, up 60% in one quarter, with a year-end target of at least $110 million and a pipeline of $436.8 million. Second-quarter 2026 revenue came in at $614.4 million, flat year-over-year, and the company expects adjusted operating margins between 13.5% and 14.5% for 2026. Despite encouraging numbers, Glob.AI remains a small fraction of the company’s total projected revenue of over $2.4 billion for 2026.
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